Axalta Q3 Report 2023

Third quarter 2023 net sales increased 5.7% year-over-year (3.5% excluding foreign currency translation) to $1.3 billion. The increase in net sales was driven primarily by 6.3% higher average price-mix and a modest foreign currency translation benefit of 2.2%. Volumes declined by 2.8% as strong growth in Mobility Coatings was more than offset by declines in Performance Coatings.

■ Record Net Sales
■ Double-digit organic sales growth in
Mobility Coatings
■ Strong price-mix realization across all
end-markets
■ Significant Adj. EBIT margin
improvement
■ Net leverage ratio improved for the
fifth consecutive quarter