AXTA - Axalta Coating Systems GAAP EPS of $0.27 misses by $0.14 revenue of $1.29B misses by $50M
2023-08-01 16:36:18 ET
- Axalta Coating Systems press release ( NYSE: AXTA ): Q2 GAAP EPS of $0.27 misses by $0.14 .
- Revenue of $1.29B (+4.9% Y/Y) misses by $50M .
- Net sales increased 4.8% year-over-year driven by price-mix and robust volume growth in Mobility Coatings
- Price-mix improved 6.8% year-over-year with strong contributions from every end-market
- Volume declined 3.7% year-over-year primarily due to production constraints following an Enterprise Resource Planning (“ERP”) implementation in North America
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Axalta Coating Systems GAAP EPS of $0.27 misses by $0.14, revenue of $1.29B misses by $50M