Axalta Coating Systems (AXTA) Misses Q2 EPS by 1c
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Axalta Releases Second Quarter 2016 Results
July 26, 2016 6:45 AM EDTSecond Quarter 2016 Highlights:
Strong net sales of $1,065.1 million driven by volume and pricing growth of 4.2%, offset by foreign currency translation Net income attributable to Axalta of $48.5 million versus a net loss attributable to Axalta of $25.1 million in Q2 2015; Adjusted EBITDA of $252.6 million versus $255.5 million in Q2 2015 Operating cash flow of $197.3 million in Q2 versus $103.7 million in the same quarter last year Announced three tuck-in acquisitions in June and July which extend product technology and geographic reach with strong anticipated returns on investment... More
