Up at Axalta: Revenues up nine percent year-over-year, driven by ‘higher average price’

Toronto, Ontario — Axalta Coatings posted earnings of 20 cents per share (U.S. dollars) in Q4 2022, compared with 23 cents per share in Q4 2021.

In the company’s overall results for 2022, revenues were up nine percent year-over-year to US$1,236.7 million, beating the Zacks Consensus Estimates of US$1,216.6 million.

According to the press release, Axalta benefited from higher average price and product mix, as well as improved volumes from 2021.

There were also higher sales across the performance coatings and mobility coatings units; the latter of which was driven by global automotive production recoveries and strong pricing.

Click here to see Axalta’s full Q4 2022 and 2022 financial results.