", Mr. Bryant concluded, "In addition to meeting delivery requirements throughout the pandemic, we have also enjoyed new business gains during the period from existing and new customers as we continue to commercialize new products from our innovation pipeline and drive overall execution of our organic growth plan. ET . Both of those new products represent significant addressable market expansions – and could end up being game changers in their own right. Is Boeing Stock A Buy Now As 737 Max Heads For U.S. Return? The pipeline here is early stage, but robust, featuring no fewer than 13 programs in the fields of oncology, immune-oncology, and neuroscience. That fully electric powertrain could very well turn into the foundational technology upon which a big chunk of tomorrow’s electric fleets are built. Axalta ended the third quarter with cash and cash equivalents of $1.3 billion. Public may be getting back on his feet.Combine that with Wall Street’s current ebullience, as stock markets trade at or near their all-time high levels, and we are looking at the prospect of a banner year. NHLD 8. ", Net sales: Expected to be down ~18% compared to 2019 including -2% FX and M&A impact, Q4 net sales: Expected to be down ~6-8% compared to Q4 2019, Free cash flow: $280 -310 million; including $90 million capex. ESE. The stock fell sharply in the early days of its trading, coinciding with COVID’s impact on the economy and stock markets at that time. For more information, visit axalta.com and follow us @axalta on Twitter. With more than 150 years of experience in the coatings industry, the global team at Axalta continues to find ways to serve our more than 100,000 customers in over 130 countries better every day with the finest coatings, application systems and technology. $59.99. Constant currency net sales growth, income tax rate, as adjusted, EBIT, Adjusted EBIT, EBITDA, Adjusted EBITDA, Adjusted diluted EPS, free cash flow, net debt, Adjusted net income and Adjusted EBITDA to interest expense coverage ratio should not be considered as alternatives to net sales, net income (loss), income (loss) before operations or any other performance measures derived in accordance with GAAP as measures of operating performance or operating cash flows or as measures of liquidity. It is very important to do your own analysis before making any investment. That’s a Goldilocks environment for risky assets.”Lakos-Bujas doesn’t shy away from quantifying his optimism. The bank’s top line has increased from $33 million in Q1 to $36 million in Q3. If profits do run to $1 billion by 2030, then this is a potential $20-plus billion company in the making (using a 20X multiple). This release includes a reconciliation of certain non-GAAP financial measures with the most directly comparable financial measures calculated in accordance with GAAP. Reporting on the industry’s color trends started in 1953, and Axalta also makes color forecasts as reported in … Q3 2020 net sales decreased 7.2% year-over-year to … Our net debt to trailing twelve month Adjusted EBITDA ratio was 3.7x at quarter end versus 4.0x as of June 30, 2020. ET. They are privy to the inner workings of their companies, and that knowledge puts them in a far better position than the general public to make purchase decisions on their own corporate stock.To keep the market’s playing field level, Federal regulators require that corporate officers – the insiders – publicly disclose their trading in the companies they administer. Camber Energy (CEI) Acquires 51% of Viking Energy Group, Inc. After-Hours Stock Movers 12/23: (SENS) (LKCO) (TNXP) (ALT) (CLNE), Pre-Open Stock Movers 12/24: (BABA) (SENS) (TNXP) (GEVO) (ALT) (more...), Pre-Open Stock Movers 12/23: (OCGN) (UAVS) (SUPN) (CLNE) (CLRB) (FUBO) (NKLA) (more...), After-Hours Stock Movers 12/22: (ONTX) (MGNI) (HYAC) (QS) (MVIS), Pre-Open Stock Movers 12/22: (JG) (AMTX) (SPWH) (CLA) (MDCA) (QS) (more...), Unlikely to see significant premium in takeout. However, the stock’s $12.75 average price target suggests a modest upside of 3% and a change from the current share price. Regulators are likely to go after other companies too. Eliminates the non-cash, non-service cost components of long-term employee benefit costs. Since then, GDYN shares have rallied, and the shares are up more than 120% from their March trough.The corona impact can still be felt for Grid, however. The global team produced year-over-year temporary operating cost savings of approximately $50 million in the quarter. Factors that will influence the impact on our business and operations include the duration and extent of COVID-19, the extent of imposed or recommended containment and mitigation measures, and the general economic consequences of COVID-19. Opens image gallery. That facility is currently undrawn.Among the bulls is JPM analyst Tycho Peterson who rates SHC an Overweight (i.e. The most cost-effective option? Axalta Coating Systems (NYSE:AXTA) had its price target raised by analysts at Morgan Stanley from $27.00 to $32.00 in a research report issued on Monday, Benzinga reports. ... .6% year-over-year, including a 2.8% negative foreign currency impact and 1.1% negative year-over-year impact from the sale of a China JV interest in Q2 2019. Axalta Coating Systems (AXTA) Second Quarter 2020 Financial Results July 29, 2020 . Is Exxon stock a good buy? The jump came after the company released clinical data showing the potential efficacy of two pipeline drugs; ARV-471 for the treatment of patients with locally advanced or metastatic ER+/HER2- breast cancer, and ARV-110 for the treatment of men with metastatic castrate-resistant prostate cancer.Also in recent days, Arvinas announced the pricing on a new issue common stock. LNDC 4. Additionally, income from operations was negatively impacted by termination charges of $35.7 million associated with our recently announced restructuring plan which compares to a $29.2 million charge in Q3 2019. PACB 8. McKesson Stock May Be the Real Covid Vaccine Winner. Today, there exists a big gap in the automotive market between robust demand and need for cleaner energy vehicles, and limited supply to meet that demand. Axalta Coating Systems is the only leading global coatings company dedicated solely to the development, manufacture and sale of liquid and powder coatings. The drug is the first, and currently only, Oral Gonadotropin-Releasing Hormone (GnRH) Receptor Antagonist for the disease. More From InvestorPlace The bank’s services include business lending, cash management, deposits, electronic banking, personal checking, and prepaid cards. But what if no drastic changes were needed? The Transportation Coatings segment generated Adjusted EBIT of $48.5 million in Q3 2020 compared with $37.2 million in Q3 2019, with associated margins of 14.1% and 9.7%, respectively. These major corporations see XL powertrains as an optimal way to cheapen and accelerate their path towards being reducing emissions. China Tells Alibaba It Means Business. Axalta, headquartered at Two Commerce Square in Center City, employed 14,000 as of February. Our debt, net of cash, was $2.7 billion as of September 30, 2020, compared with $2.8 billion as of December 31, 2019. Regarding our Q4 and full year guidance, we expect Q4 to have less benefit from temporary cost savings, as well as assumed weaker mix within Performance Coatings in the period. A grand total of four out of four ratings published in the past few weeks say GDYN is a Strong Buy. We believe that making such adjustments provides investors meaningful information to understand our operating results and ability to analyze financial and business trends on a period-to-period basis. SON. The company’s earnings were also solid, at 90 cents per share, and were the best in over two years.Two of Vistra’s officers have made recent insider stock buys – the President and CFO, James Burke, and Board of Directors member Scott Helm. Axalta ended the third quarter with cash and cash equivalents of $1.3 billion . Grid’s services include solving the problems of legacy replatforming, technology engineering, and moving to the cloud. From light vehicles, commercial vehicles and refinish applications to electric motors, building facades and other industrial applications, our coatings are designed to prevent corrosion, increase productivity and enhance durability. About Axalta Axalta is a global leader in the coatings industry, providing customers with innovative, colorful, beautiful and sustainable coatings solutions. Board member Liam Ratcliffe spent $9.99 million on 142,857 shares during the new common stock offering. What's next? Represents expenses and associated changes to estimates related to the sale of our interest in a joint venture business and other impairments, which are not considered indicative of our ongoing operating performance. Represents acquisition and divestiture-related expenses, all of which are not considered indicative of our ongoing operating performance. As previously announced, Axalta will hold a conference call to discuss its second quarter 2020 financial results on July 29, 2020, at 10:00 a.m. These amounts are not considered indicative of our ongoing operating performance. Slide 3: Second Quarter 2020 Highlights and Business Conditions . We are experiencing strong inventory fluctuations and some extended production times due to COVID. Third quarter net sales of $1,026.9 million decreased 7.2% year-over-year, including a 0.1% foreign currency benefit, driven by 6.0% lower volumes and 1.4% lower average price and product mix. Bitcoin had an impressive year in 2020, assuming there is no year-end meltdown. (To watch Rosner’s track record, click here)Rosner’s colleagues think Nikola is worth a punt. Things are going from bad to worse for Nikola (NKLA). Very little extra cost. The idea is simple. To be sure, XL Fleet’s powertrains are not fully electric. Represents incremental depreciation expense resulting from truncated useful lives of the assets impacted by our manufacturing footprint assessments, which we do not consider indicative of our ongoing operating performance. All rights reserved. Now It’s One of the Most Valuable Stocks in the Car Industry. Exxon Mobil has prioritized maintaining its dividend while oil prices remain low. The initial offering was considered successful, raising $1.2 billion on a sale of 53.6 million shares. A return to grass roots normalcy will be great – but we also have the prospect of an overall rising market. Wall Street closes with a modest gains on Brexit deal, stimulus hopes, China launches antitrust probe into tech giant Alibaba, A Brexit trade deal at last: EU and UK clinch narrow accord, Oil edges higher after Brexit deal, gains capped by pandemic, 'Santa Claus rally' threatened by COVID-19 resurgence, Georgia elections, Senseonics Holdings (SENS) Q4 net revenue is expected to be approximately $3.5 million, Inovio Pharma (INO) Confirms Publication of Phase 1 Data from its COVID-19 DNA Vaccine Candidate, INO-4800 in The Lancet's EClinicalMedicine, Alibaba (BABA) Receives Notice of Anti-Monopoly/Anti-Trust Investigation by Chinese Government. American and Canadian governments provide many of the same types of services for those in retirement, but the subtle differences between the two countries are worth noting. FANG and FAANG are common acronyms for the large technology stocks of Facebook Inc (NASDAQ: FB), Apple Inc (NASDAQ: AAPL), Amazon.com (NASDAQ: AMZN), Netflix Inc (NASDAQ: NFLX) and Google, a unit of Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL).Related Link: Cathie Wood Increases Teladoc Holdings Across Ark ETFsStocks to Watch: Following Wood into several genomic stocks could be a way for investors to get exposure to the space.Crispr Therapeutics (NASDAQ: CRSP) is the second-largest holding in ARKG and the third-largest holding in ARKK, representing one of the biggest bets Wood has placed on genomics. The deferred tax benefit will be ratably amortized into our adjusted income tax rate as the tax attribute is realized. Sotera boasts over 5,800 healthcare provider customers in more than 50 countries around the world.While not a new company – two of its branches have been in business since the 1930s and 40s – Sotera is new to the stock markets, having held its IPO just this past November. Select a brand to browse the product catalog, or sign in if you are a registered distributor. Company CEOs, exec VPs, board members – these are ‘insider’ positions, officers in position to know what is happening, or likely to happen, to a company and its stock.And yes, they do trade their company’s stock. Insider Trading. Axalta is a global leader in the coatings industry, providing customers with innovative, colorful, beautiful and sustainable coatings solutions. On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article. Why is a bit of a mystery. The company is, of course, an essential industry, giving it an edge during the ongoing corona crisis, and Vistra’s revenues made a fast recovery from a modest dip in Q2.That recovery was substantial. (To watch Vafi’s track record, click here)Survey says… Wall Street agrees. Dow Jones futures: As the stock market rally pauses near highs, Apple stands out, while Microsoft shapes up. Turning Lakos-Bujas' outlook into concrete recommendations, JPM’s cadre of stock analysts are pounding the table on three stocks that look especially compelling. ET. Vistra offers a full range of electricity services, including power generation, transmission, and distribution. The Moderna shots alone could be worth as much as $1 billion to McKesson’s 2021 revenue and $1 a share to its earnings, says analyst Ricky Goldwasser. Management uses these non-GAAP financial measures in the analysis of our financial and operating performance because they assist in the evaluation of underlying trends in our business. Wall Street legend Whitney Tilson says there's a huge new tech trend coming – and he's revealing his #1 pick for free. AAPL 10. Axalta Coating Systems Ltd. (NYSE: AXTA) ("Axalta"), a leading global coatings company, announced its financial results for the second quarter ended June 30, 2020 … As we do not measure segment operating performance based on net income, a reconciliation of this non-GAAP financial measure with the most directly comparable financial measure calculated in accordance with GAAP is not available. Eliminates foreign exchange losses resulting from the remeasurement of assets and liabilities denominated in foreign currencies, net of the impacts of our foreign currency instruments used to hedge our balance sheet exposures. Income from operations for Q3 2020 totaled $141.7 million versus $123.0 million in Q3 2019. A long-time Tesla Inc (NASDAQ: TSLA) and technology stock bull, Wood is now betting heavily on genomic stocks.Wood On Genomics: Genomic stocks are expected to drive strong returns for the next five years, according to Wood. (See SHC stock analysis on TipRanks)Myovant Sciences (MYOV)Let’s stick with the health care industry, and look at Myovant Sciences. Is Exxon Stock A Buy While Dividend Holds Steady Amid Steep Cuts? Why Everyone Is Investing in 5G All WRONG Buy) along with a $29 price target. At the same time, liquidity conditions remain extremely supportive, and there’s an extremely favorable interest-rate environment. For a stock that was on fire during the year’s first half, the electric truck maker’s comedown has been brutal. Axalta has identified some of these forward-looking statements with words such as "anticipates," "believes," "expects," "estimates," "is likely," "outlook", "projects," "forecasts," "may," "will," "should," "plans" and "intends" and the negative of these words or other comparable or similar terminology. Mouse over to Zoom- … But back to XL stock, I think this big December breakout could actually be just the beginning of a much bigger, longer uptrend wherein shares soar above $100. Axalta Coating Systems Ltd. (NYSE: AXTA) announced that Jeremy Rohen is joining Axalta as Senior Vice President, Strategy and Business Development, effective January 18, 2021, and will report to Axalta’s President and CEO, Robert W. Bryant. EPS was stronger, at $1.27 per share, up 30% year-over-year. Look at the aerospace giant's fundamentals and stock chart. 1. 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