Axalta Coating Systems Ltd. (NYSE:AXTA) provided preliminary selected fourth quarter and full-year 2021 unaudited financial updates. Results in the period reflect impacts from greater than previously forecasted raw material inflation and supply chain constraints relative to guidance initially provided on October 25, 2021. Axalta expects Net Sales growth of 5.8% for Q4, ~7% excluding foreign exchange (FX) and 18.2% for 2021, including moderately lower than forecasted foreign exchange tailwinds (guidance was ~+19% Net Sales growth for FY 2021, including ~+2% in FX).
Limitations in availability of certain raw materials also resulted in substantial unfulfilled orders during the fourth quarter. Adjusted
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