Axalta Coating Systems: Q1 Earnings Snapshot
By AP News
Published - May 02, 2023, 04:45 PM ET
Last Updated - Jun 21, 2023, 11:46 PM EDT
GLEN MILLS, Pa. (AP) — GLEN MILLS, Pa. (AP) — Axalta Coating Systems Ltd. (AXTA) on Tuesday reported first-quarter net income of $60.5 million.
The Glen Mills, Pennsylvania-based company said it had net income of 27 cents per share. Earnings, adjusted for non-recurring costs, were 35 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.
The high-performance coating system maker posted revenue of $1.28 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $1.24 billion.
