Company reports improved operating results despite continued supply chain challenges. Persistent inflation was partially offset by continued pricing gains.
Axalta Coating Systems Ltd. (NYSE: AXTA) announced net sales of $1,137.2 million increased 5.8% year-over-year for its fourth quarter ended December 31. Net sales for the full year were $4,416.2 million, an increase of 18.2% year-over-year; solid recovery from 2020 pandemic volume impacts, partially offset by Mobility Coatings semiconductor constraints impacting customer production
For the fourth quarter, income from operations was $94.7 million versus $163.2 million in Q4 2020; Adjusted earnings before interest and taxes (EBIT) was $121.0 million compared with
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