Axalta Reports Decent Second Quarter; Maintaining Fair Value Estimate
Decent volume and pricing growth were more than offset by currency headwinds for Axalta during the second quarter. As such, revenue declined 2.7% year on year (up 4.2% excluding currency). Adjusted EBITDA margins improved slightly, up 40 basis points from the prior year driven by higher pricing and continued rollout of cost-cutting initiatives. As such, adjusted EBITDA declined by less than revenue, down just 1.1% year on year to $253 million for the quarter. While we don’t give the company full...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.