Axalta Coating Systems Reports Better-Than-Expected Q2 Earnings
Axalta Coating Systems (NYSE: AXTA) reported second-quarter results that exceeded market expectations. The company posted a non-GAAP earnings per share of $0.72, surpassing estimates by $0.07. Revenue came in at $1.35 billion, up 3.1% year-over-year and ahead of forecasts by $30 million. The Refinish segment saw net sales increase by 6% compared to the same period last year. Axalta also reported a net income of $89 million with an improved net income margin for the quarter.
Topics: Earnings Non-GAAP EPS Revenue Beat