Axalta Coating Systems (NYSE: AXTA) reported Q4 EPS of $0.37, $0.06 better than the analyst estimate of $0.31. Revenue for the quarter came in at $1.17 billion versus the consensus estimate of $1.16 billion.

We are updating our outlook for the full year 2018 as follows:

• Net sales growth of 8-9% as reported, or 6-7% excluding FX tailwinds
• Adjusted EBITDA of $940-980 million
• Interest expense of ~$165 million
• Income tax rate, as adjusted, of 19-21% reflecting the anticipated benefit of the enactment of the U.S. Tax Cuts and Jobs Act legislation
• Free cash flow of $420-460 million
• Capital expenditures of ~$160 million
• Depreciation and amortization of ~$365 million
• Diluted shares outstanding of ~249 million

For earnings history and earnings-related data on Axalta Coating Systems (AXTA) click here.