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Axalta (AXTA) Launches Imron HPU DTM Primer, Boosts Portfolio

Axalta Coating Systems Limited AXTA recently announced the launch of Imron Industrial high-performance urethane (HPU) direct-to-metal (DTM) primer. It is an innovative primer to support the agriculture, construction and earthmoving equipment market segments. The new technology will lead to higher spraying efficiency, while offering superior corrosion protection to its substrates.

The primer provides corrosion protection specifically witnessed with epoxy primers as well as providing wet-on-wet topcoat application in as little as five minutes without sacrificing topcoat gloss. The versatility of the urethane primer utilizes one common activator for primer and a urethane topcoat, which eases the coating process for applicators.

The company noted that along with the long-term corrosion protection comparable to an epoxy, Imron Industrial HPU DTM primer showcases the added value and diversification of its Imron Industrial portfolio.

Shares of Axalta have gained 18.1% in the past year compared with a 14.3% rise of the industry.

Image Source: Zacks Investment Research

Axalta forecasts net sales for the third quarter to decline roughly $40 million compared with the volume levels expected in the earlier-announced outlook. It expects adjusted EBIT between $130 million and 140 million, considering a positive business mix, ongoing price increases and continued cost actions.

The earlier guidance for Q3 adjusted EBIT was $138 million at the midpoint of the range. Axalta also withdrew its earlier-announced guidance for full-year 2021 due to the uncertainty related to these factors and expected financial impacts during the fourth quarter.


Zacks Rank & Key Picks

Axalta currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the basic materials space are Nucor Corporation NUE, The Chemours Company CC and Olin Corporation OLN.

Nucor has a projected earnings growth rate of around 537.4% for the current year. The company’s shares have soared 98.8% in a year. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Chemours has an expected earnings growth rate of around 86.4% for the current year. The company’s shares have gained 33.6% in the past year. It currently carries a Zacks Rank #2 (Buy).

Olin has an expected earnings growth rate of around 662.2% for the current fiscal. The company’s shares have surged 214% in the past year. It currently flaunts a Zacks Rank #1.

Tech IPOs With Massive Profit Potential

In the past few years, many popular platforms and like Uber and Airbnb finally made their way to the public markets. But the biggest paydays came from lesser-known names.

For example, electric carmaker X Peng shot up +299.4% in just 2 months. Think of it this way…

If you had put $5,000 into XPEV at its IPO in September 2020, you could have cashed out with $19,970 in November.

With record amounts of cash flooding into IPOs and a record-setting stock market, this year’s lineup could be even more lucrative.

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Nucor Corporation (NUE): Free Stock Analysis Report
Olin Corporation (OLN): Free Stock Analysis Report
Axalta Coating Systems Ltd. (AXTA): Free Stock Analysis Report
The Chemours Company (CC): Free Stock Analysis Report
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