Axalta Coating Systems (AXTA) PT Raised to $33 at Instinet
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Axalta Releases Fourth Quarter and Full Year 2016 Results
February 8, 2017 6:45 AM ESTFourth Quarter 2016 Highlights:
Net sales of $1,029.4 million driven by volume and pricing growth of 5.6%, offset by unfavorable foreign currency translation
GAAP net loss attributable to Axalta of $36.5 million versus net income of $38.6 million in Q4 2015; Adjusted net income attributable to Axalta of $68.6 million for Q4 2016 versus $58.0 million in Q4 2015
Adjusted EBITDA of $226.5 million versus $212.8 million in Q4 2015
Full Year 2016 Highlights:
Net sales of $4,073.5 million driven by volume and pricing growth of 4.3%, offset by unfavorable foreign currency translation
GAAP net income attributable to Axalta of $41.8 million versus $93.7 million in 2015; Adjusted net income attributable to Axalta of $269.4 million for 2016 versus... More
