Axalta Coating Systems (AXTA) Q4 Revenue Tops Views, Offers FY15 Guidance
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Axalta Releases Fourth Quarter and Full Year 2014 Results
March 10, 2015 8:13 PM EDTPHILADELPHIA--(BUSINESS WIRE)-- Axalta Coating Systems Ltd. (NYSE: AXTA) (Axalta), a leading global coatings company, announced its financial results for the fourth quarter and full year ended December 31, 2014.
Key Fourth Quarter 2014 Highlights:
Net sales of $1.1 billion, an increase of 5.1% excluding negative foreign currency impacts compared to the fourth quarter of 2013 Adjusted EBITDA of $205 million, an increase of 3.7% over prior year Net Debt to Adjusted EBITDA of 4.0x as of December 31, 2014, a reduction of 0.7x versus prior year Successfully completed IPO in November 2014... More