12.08.15
Axalta Coating Systems Ltd. is hosting an “Analyst and Investor Day” in New York City. Members of management will present an overview of Axalta Coating Systems Ltd. and will comment on the current business outlook, including an update on 2015 full year expected financial results, as well as provide certain preliminary guidance related to the 2016 outlook, among other items on the agenda.
Key updates on financial guidance are provided below, and are further detailed in the full slide presentation for the event, which is also available on the investor relations portion of our corporate website via the above link.
2015 Full Year Outlook
Axalta is updating its outlook for the full year 2015, including:
2016 Preliminary Full Year Outlook
Axalta is providing certain elements of financial guidance on a preliminary basis for the full year 2016, including:
Key updates on financial guidance are provided below, and are further detailed in the full slide presentation for the event, which is also available on the investor relations portion of our corporate website via the above link.
2015 Full Year Outlook
Axalta is updating its outlook for the full year 2015, including:
- Net sales growth of 5% in constant currency; down mid-single digits including currency impacts
- Adjusted EBITDA of $860-$870 million;
- Normalized effective tax rate of 29-31%.
2016 Preliminary Full Year Outlook
Axalta is providing certain elements of financial guidance on a preliminary basis for the full year 2016, including:
- Net sales growth of 4-6% in constant currency;
- Adjusted EBITDA margin of 22%+;
- Interest expense of approximately $180-190 million;
- Normalized effective tax rate of 25-27%;
- Diluted shares of 242-245 million;
- Working capital / sales of 13-15%; and
- Capital expenditures of ~$150 million.