Axalta Releases Third Quarter 2020 Results

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Go back to Axalta Releases Third Quarter 2020 Results

Axalta Coating Systems (AXTA) Misses Q3 EPS by 33c, Revenues Beat

October 21, 2020 4:03 PM EDT

Axalta Coating Systems (NYSE: AXTA) reported Q3 EPS of $0.00, $0.33 worse than the analyst estimate of $0.33. Revenue for the quarter came in at $1.03 billion versus the consensus estimate of $954.27 million.

Robert W. Bryant, Axalta's President and CEO, commented, "Although economic impacts from the coronavirus pandemic persisted across our business in the period, we were very pleased to see rapidly improving demand, and the effectiveness of our cost management programs has continued to help offset volume impacts. We are proud to report stronger, and... More