Axalta Coating Systems (AXTA) Tops Q4 EPS by 6c, Offers Outlook
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Axalta Releases Fourth Quarter and Full Year 2017 Results
February 6, 2018 6:45 AM ESTFourth Quarter 2017 Highlights:
Net sales of $1,164.8 million, up 13.4% as-reported and 9.9% on a constant currency basis versus Q4 2016, including 8.6% from acquisition contribution Net loss driven by U.S. tax reform impacts, severance charges and acquisition-related costs Adjusted EBITDA growth largely driven by acquisition contribution and incremental productivity savings, offset partly by higher raw material prices Operating cash flow of $233.6 million in Q4 versus $228.0 million in Q4 2016; free cash flow of $195.8 million in Q4 versus $187.1 million in Q4 2016Full Year 2017 Highlights:
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