Axalta Coating Systems Ltd.: Initiation Of Coverage – Increased focus on efficiency and productivity paying off?

Axalta Coating Systems Ltd. reported Q4 net sales increasing by 5% year-over-year, amounting to $1.3 billion with contributions from both of its key business segments – Mobility Coatings and Performance Coatings. This increase is further evidence of the impressive quarterly performance that Axalta has had, which includes a seventh consecutive quarter of mobility volumes growth, indicating the recovery of the automotive industry and successful reshaping of the company’s portfolio.