Axalta Coating Systems Ltd. (NYSE:AXTA) will seek M&A. Carl Anderson Chief Financial Officer said, "we expect to modestly increase internal investments in CapEx, net of a significant decline in ERP-related spending in 2024, with an emphasis on improving return on invested capital. We see many value creation avenues for capital allocation, including further gross debt reduction, opportunistic share buybacks and accretive M&A and strategic opportunities".