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You are here: Home / News / Axalta Reports Fourth Quarter Refinish Sales Up 2.3%, Overall Sales Declined

Axalta Reports Fourth Quarter Refinish Sales Up 2.3%, Overall Sales Declined

January 30, 2020 By CollisionWeek Editor

Axalta Coating Systems Ltd. (NYSE:AXTA) reported fourth quarter net sales of $1,098.4 million for the fourth quarter, down 5.8%, including 1.3% negative foreign currency translation impact and a 2.0% impact from the sale of a consolidated Joint Venture (JV) interest in the second quarter. Constant currency organic net sales decreased 2.5% in the period, with 2.5% higher average selling prices and product mix with contribution from both segments, offset by a 5.0% volume decrease. Net sales reflected volume weakness in both Performance and Transportation Coatings, although the Refinish end-market remained a stable offset.

Axalta logoNet sales in Axalta’s Refinish end-market increased

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Filed Under: News Tagged With: Axalta Coating Systems, Earnings

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