Refinish sales up 5.7 percent excluding foreign currency translation.
Axalta Coating Systems Ltd. (NYSE:AXTA) announced its financial results for the first quarter ended March 31.
First quarter net sales of $1.0078 billion were driven by volume growth of 8.9 percent, offset partly by 1.2 percent lower average selling prices and by a 2.2 percent negative foreign currency translation impact. On a constant currency basis net sales increased 7.7 percent compared to the year-ago quarter, driven by volume growth. Acquisitions added 4.5 percent of the volume growth in the quarter. Net sales growth in the first quarter was positive in all