Axalta Coating Systems Ltd

NYSE:AXTA   3:59:57 PM EDT
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Other Pre-Announcement

Axalta Updates Financial Guidance

Published: 09/20/2021 21:49 GMT
Axalta Coating Systems Ltd (AXTA) - Axalta Updates Financial Guidance to Reflect Ongoing Impacts of Customer Supply Chain Shortages and Raw Material and Logistics Constraints.
Axalta - Expects Q3 Net Sales to Decrease by Approximately $40 Million Relative to Volume Levels Assumed in Previously Communicated Guidance.
Axalta - Expects Q3 Adjusted Ebit to Be Reported Between $130-140 Million.
Axalta - Anticipates Global Production Impacts to Total Approximately 11 Million Units for FY 2021, Versus Previous Assumption of 7 Million Units.
Axalta Coating Systems Ltd - Underlying Demand in Performance Coatings End-markets Remains Strong.
Axalta Coating Systems Ltd - Inventory on Hand in Customer Channels Remains Below Normal Levels.
Axalta - Expects Net Sales Volumes in Both Refinish and Industrial End-markets to Remain Consistent With Previously Communicated Guidance.
Axalta Coating Systems Ltd - for Full-year 2021, Axalta is Withdrawing Its Previously Communicated Guidance.