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.
Net sales in Axalta’s Refinish end-market increased
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