Axalta Coating Systems (AXTA) Q4 Revenue Tops Views, Offers FY15 Guidance
Axalta Coating Systems (NYSE: AXTA) reported Q4 EPS of ($0.01), may not compare to the analyst estimate of $0.22. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.09 billion. Adjusted EBITDA was $205 million, an increase of 3.7% over prior year.
2015 Outlook
2015 Outlook
- Net sales growth of 5-7% in constant currency and flat to slightly down including the impact of currency
- Adjusted EBITDA of $860-$900 million, representing margins of approximately 20%
- Additionally, we anticipate a normalized effective tax rate of 27-29%, capital expenditures of approximately $150 million, and net working capital of 13-15% of net sales excluding cost reduction initiatives and transition-related items which were previously expensed.
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