Refinish sales, however, were down on lower volume in South America and EMEA. Also pricing pressure from selling channel consolidation impacts refinish in North America.
Axalta Coating Systems reported second quarter net sales of $1.1 billion, up 2.3 percent as-reported. On a constant currency basis, net sales increased 3.8 percent in the period, driven by 6.5 percent in acquisition contribution, partly offset by 0.3 percent lower volumes and 2.4 percent lower average selling prices. Slightly lower organic net sales were driven by impacts in Latin America, North America, and EMEA, while Asia Pacific continued to show growth.