Axalta Coating Systems Ltd. Earnings Per Share Disclosure
| Year Ended December 31, | ||||||||||||||||||||
| (In millions, except per share data) | 2025 | 2024 | 2023 | |||||||||||||||||
| Net income to common shareholders | $ | 378 | $ | 391 | $ | 267 | ||||||||||||||
| Basic weighted average shares outstanding | 216.0 | 219.3 | 221.0 | |||||||||||||||||
| Diluted weighted average shares outstanding | 217.0 | 220.4 | 221.9 | |||||||||||||||||
Net income per common share (1): | ||||||||||||||||||||
| Basic net income per share | $ | 1.75 | $ | 1.78 | $ | 1.21 | ||||||||||||||
| Diluted net income per share | $ | 1.74 | $ | 1.78 | $ | 1.21 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 13, 2026 | Showing above |
| 2024 | Feb 13, 2025 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.