Axalta Q2 net sales +4.8% to $1.29B, Adj EBIT $154.5M, guides FY Adj EPS $1.40-$1.45

Axalta Coating Systems Ltd.

2023-Q2 EPS reported $0.55 revenue$2,577,800,000

Net sales $1,293.9M (+4.8% YoY); price-mix +6.8%, volume -3.7% due to ERP implementation in North America.
Income from operations $137.6M vs $103.6M; Adjusted EBIT $154.5M (+2.6% YoY).
Performance Coatings flat at $856M; Mobility Coatings +15.5% to $437.9M, Adj EBIT $23.7M (vs $2.3M).
FY 2023 guidance: Adj EBIT $630-650M, Adj EPS $1.40-$1.45, free cash flow $385-425M.
Net leverage improved to 3.6x; voluntary debt paydown of $75M in Q2 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Axalta Coating Systems Ltd. reported the second quarter ended June 30, 2023 results: revenue $1,293.9.

Period: the second quarter ended June 30, 2023
Revenue: $1,293.9
Result: reported results

Exact text from the filing

Total Axalta Net Sales $1,293.9 $1,234.9 4.8% (3.7%) 6.8% 0.1% 1.6%

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Source: SEC EDGAR

accession 0001616862-23-000049

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