Axalta Coating Systems Ltd. (NYSE: AXTA) shares surged 5.35% in pre-market trading on Tuesday, following the company's robust fourth-quarter 2024 results and optimistic 2025 guidance. The coatings giant reported record net sales of $1.3 billion, a 1% year-over-year increase, fueled by positive price-mix contribution and acquisitions.

The company's net income soared 85% to $137 million, driven by favorable pricing, lower costs, and benefits from its 2024 Transformation Initiative. Adjusted EBITDA rose 10% to $275 million, with margins expanding 170 basis points to 21%. Diluted earnings per share jumped 91% to $0.63.

For fiscal 2025, Axalta forecasts net sales of $5.35 billion to $5.4 billion, reflecting flat to modest growth. The company expects adjusted EBITDA between $1.15 billion and $1.175 billion, with adjusted diluted EPS of $2.50 to $2.60. Free cash flow is projected at around $500 million.