Axalta (AXTA) Lowers its Q3 Net Sales Estimates and Withdraws 2021 Guidance
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Axalta Coating Systems (AXTA) Withdraws FY21 Guidance, Provides Update on Q3
September 20, 2021 4:19 PM EDTAxalta Coating Systems Ltd. (NYSE: AXTA) ("Axalta"), a leading global coatings company, provided an update to third quarter and full-year 2021 financial guidance given the ongoing supply chain issues its Mobility customers are experiencing as well as continued raw material inflation and supply chain and logistics constraints impacting the coatings industry. Axalta expects Net Sales for the third quarter to decrease by approximately $40 million relative to volume levels assumed in previously communicated guidance, and for Adjusted EBIT to be reported between $130-140 million, benefiting from positive... More
