Axalta Coating Systems (AXTA) Tops Q3 EPS by 2c

Axalta Coating Systems (NYSE: AXTA) reported Q3 EPS of $0.32, $0.02 better than the analyst estimate of $0.30. Revenue for the quarter came in at $1.14 billion versus the consensus estimate of $1.15 billion.

Guidance:

We are updating our previous outlook for the full year 2018 as follows:

• Net sales growth of ~8% as-reported; ~7% ex-FX, including acquisition contribution of ~3%
• Adjusted EBITDA of $935-950 million
• Interest expense of ~$165 million
• Income tax rate, as adjusted, of 18-20%
• Free cash flow range of $330-350 million
• Capital expenditures of ~$160 million
• Depreciation and amortization of ~$370 million
• Diluted shares outstanding of ~244 million

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

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