Refinish sales up over 9 percent excluding the impact of currency translation.
Axalta Coating Systems Ltd. (NYSE:AXTA) today announced its financial results for the second quarter ended June 30, 2016.
Axalta reported net sales of $1.065 billion for the second quarter of 2016 due to both volume and pricing growth, but decreased 2.7 percent year-over-year as a result of 6.9 percent negative impact from foreign currency translation. On a constant currency basis net sales increased 4.2 percent compared to the year-ago quarter, driven by 2.8 percent volume increases, augmented by 1.4 percent higher average selling prices. Similar to the first
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