Refinish sales up 6.2 percent after benefit from currency conversion
Axalta Coating Systems Ltd. (NYSE:AXTA) announced first quarter net sales of $1.165 billion increased 15.7 percent year-over-year, driven by volume growth of 8.6 percent primarily from acquisition contribution, 0.8 percent higher average selling prices and a 6.3 percent foreign currency benefit. First quarter net sales growth was positive in all regions and average prices increased in all regions except Asia Pacific.
Net income attributable to Axalta was $69.9 million for the first quarter compared with net income attributable to Axalta of $64.1 million in Q1 2017. First quarter adjusted net
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