Axalta Coating Systems (AXTA) Q4 Revenue Tops Views, Offers FY15 Guidance

Axalta Coating Systems (NYSE: AXTA) reported Q4 EPS of ($0.01), may not compare to the analyst estimate of $0.22. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.09 billion. Adjusted EBITDA was $205 million, an increase of 3.7% over prior year.

2015 Outlook

2015 Outlook

• Net sales growth of 5-7% in constant currency and flat to slightly down including the impact of currency
• Adjusted EBITDA of $860-$900 million, representing margins of approximately 20%
• Additionally, we anticipate a normalized effective tax rate of 27-29%, capital expenditures of approximately $150 million, and net working capital of 13-15% of net sales excluding cost reduction initiatives and transition-related items which were previously expensed.

For earnings history and earnings-related data on Axalta Coating Systems (AXTA) click here.

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