Organic refinish sales up on constant currency basis.
Axalta Coating Systems Ltd. (NYSE:AXTA) reported third quarter net sales of $1,107.0 million decreased 3.4% year-over-year, including a 2.0% negative foreign currency impact and negative 1.8% inorganic impact primarily associated with the second quarter 2019 sale of its interest in a China powder joint venture.
Constant currency organic net sales increased 0.4% in the period that ended September 30, driven by 3.8% higher average price and product mix from all regions and both segments offset by 3.4% lower volumes. Light Vehicle saw continued price improvement of 2.8% versus the prior year. Lower
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