Axalta Coating Systems (AXTA) Tops Q1 EPS by 5c

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Go back to Axalta Coating Systems (AXTA) Tops Q1 EPS by 5c

Axalta Releases First Quarter 2015 Results

May 6, 2015 6:30 AM EDT

Net sales of $1.0 billion, an increase of 5.2% excluding negative currency translation versus Q1 2014 Adjusted EBITDA of $182.0 million with an Adjusted EBITDA margin of 18.4%, an increase of 60 basis points versus 17.8% in Q1 2014 Jiading, China expansion operational and ramping up with Light Vehicle volumes Successful completion by Carlyle of the sale of 66 million shares in two transactions (20 million via private placement to Berkshire Hathaway, Inc.), increasing our free float to approximately 55% of total market capitalization

PHILADELPHIA--(BUSINESS WIRE)-- Axalta Coating Systems Ltd.... More