Axalta Q4 adj EPS $0.38 beats $0.30 YoY; sales up 8.7% to $1.24B; Mobility EBIT positive $17.6M

Axalta Coating Systems Ltd.

2022-FY EPS reported $0.86 revenue$4,884,400,000

Q4 net sales $1,236.7M (+8.7% YoY); volume +2.4%, price-mix +11.7%; FX headwind 5.4%.
Adjusted EBIT $147.2M (+21.7% YoY); margin 11.9% vs 10.6%; Mobility Coatings EBIT $17.6M vs ($3.5M).
Full year adj diluted EPS $1.48 vs $1.67; net income $191.6M vs $263.9M; revenue $4.88B (+10.6%).
Net leverage improved to 3.8x from 4.1x; completed Term Loan refinancing extending maturity to Dec 2029.
CEO states Q4 earnings at top of guidance range; expects continued margin recovery into 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

Axalta Coating Systems Ltd. reported financial results for fourth quarter and year ended December 31, 2022.

Period: fourth quarter and year ended December 31, 2022
Result: reported results

Exact text from the filing

Axalta Coating Systems Ltd. issued a press release and posted an earnings call presentation to its website reporting its financial results for the fourth quarter and year ended December 31, 2022.

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Axalta Coating Systems Ltd. filing history →

Source: SEC EDGAR

accession 0001616862-23-000003

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