Axalta Coating Systems (AXTA) Updates Q3 Gudiance

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Go back to Axalta Coating Systems (AXTA) Updates Q3 Gudiance

Axalta Updates Financial Guidance and Highlights Recent Effects on Its Business

October 9, 2017 6:45 AM EDT

PHILADELPHIA--(BUSINESS WIRE)-- Axalta Coating Systems Ltd. (NYSE: AXTA) (Axalta), a leading global coatings provider, has updated its third quarter and 2017 full year financial guidance to incorporate several factors expected to impact results. These include the expected impact of the recent natural disasters, distributor working capital adjustments in Axaltas Performance Coatings segment, and the projected widening of the gap between raw material input costs and offsetting near-term customer price increases. Axalta now expects third quarter and 2017 full year Adjusted EBITDA to be in a range of $205-$215 million and $870-$900 million, respectively. Net... More