Axalta Coating Systems Ltd. (AXTA) reported fourth quarter net sales of $1.0 billion, a 4.5 percent year-over-year increase before the impact of unfavorable foreign currency translation of 11.5 percent. Sales decreased 7.0 percent on an as-reported basis. For the quarter ended December 31, 2015, adjusted EBITDA was $212.8 million up 4.0 percent compared to 2014 with an Adjusted EBITDA margin of 21.2 percent versus 19.0 percent in fourth quarter of 2014
For the full year, Axalta reported net sales of $4.1 billion, a 5.3 percent increase in local currency before unfavorable foreign currency translation of 11.6 percent. Adjusted EBITDA was