JPMorgan Downgrades Axalta Coating Systems (AXTA) to Neutral

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Axalta Releases Third Quarter 2015 Results

October 28, 2015 6:45 AM EDT

Net sales of $1.0 billion, a 3.1% year-over-year increase before unfavorable foreign currency translation Adjusted EBITDA of $216.9 million with Adjusted EBITDA margin of 21.7% versus 20.6% in Q3 2014 Free cash flow generation of $122 million with $100 million debt prepayment made subsequent to quarter end

PHILADELPHIA--(BUSINESS WIRE)-- Axalta Coating Systems Ltd. (NYSE: AXTA) (Axalta), a leading global coatings company, announced its financial results for the third quarter ended September 30, 2015.

Charles W. Shaver, Axaltas Chairman and Chief Executive Officer, commented that Axalta produced a... More