Axalta Coating Systems Reports Q4 Revenue Drop, Earnings Decline

Axalta Coating Systems Ltd. (AXTA.TO: TSX; AXAA) reported a decline in Q4 revenue and earnings, with revenue down 4.2% year-over-year to C$2.05 billion and net income falling 21.5% to C$144.7 million. The results reflect softer demand in North America and Europe, partially offset by gains in Asia-Pacific and improved pricing in certain segments. Management attributed the decline to supply chain disruptions and higher input costs, which compressed gross margins by 1.8 percentage points year-over-year.