Axalta Coating Systems EPS beats by $0.02, beats on revenue

Jul. 26, 2021 4:41 PM ETAxalta Coating Systems Ltd. (AXTA)AXTABy: Ravikash, SA News Editor
  • Axalta Coating Systems (NYSE:AXTA): Q2 Non-GAAP EPS of $0.48 beats by $0.02; GAAP EPS of $0.54 beats by $0.11.
  • Revenue of $1.13B (+73.1% Y/Y) beats by $50M.
  • Net debt to LTM Adjusted EBITDA of 2.6x at June 30, 2021; strong cash flow from operations of $107.5M.
  • 2021 Financial Outlook:
  • Net Sales: ~+20-22%, including ~3% FX and ~1% M&A benefit.
  • Adjusted EPS: $1.85-$2.00.
  • Adjusted EBIT: $685M-725M; Q3 ~20% of full year; Q4 ~30% of full year.
  • Press Release

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