Axalta Coating Systems (NYSE: AXTA) reported Q4 EPS of $0.42, $0.01 worse than the analyst estimate of $0.43. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.13 billion.

GUIDANCE:

Axalta Coating Systems sees FY2020 EPS of $1.85-$2.00, versus the consensus of $1.94.

• Net sales growth of ~0-1%
• Net sales, ex-FX, ex-M&A growth of ~1-2%
• Adjusted EBIT of $710-750 million
• Adjusted diluted EPS range of $1.85-2.00
• Depreciation and amortization of ~$330 million, inclusive of ~$7 million accelerated depreciation from our Belgium site closure
• Income tax rate, as adjusted, of ~22%
• Diluted shares outstanding of ~237 million
• Capital expenditures of ~$160 million
• Free cash flow of $450-490 million

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