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You are here: Home / News / Axalta 2022 Sales Up Over 10% Compared to 2021

Axalta 2022 Sales Up Over 10% Compared to 2021

January 26, 2023 By CollisionWeek Editor

Axalta Coating Systems Ltd. (NYSE:AXTA) announced its net sales for the fourth quarter ended December 31, 2022, increased 8.7% year-over-year, including a 5.4% foreign currency headwind. The strong year-over-year growth was driven by 11.7% higher average price-mix, and 2.4% better volumes. Performance Coatings net sales, which includes Refinish, increased 1.8% year-over-year, driven by constant currency growth of 10.5% in Refinish and 3.2% in Industrial. Mobility Coatings net sales increased 25.5% supported by a recovery in global auto production and continued pricing momentum.

Income from operations for Q4 2022 totaled $109.8 million compared to $94.7 million in Q4 2021. Net income

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

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