Axalta releases first quarter 2021 results

Philadelphia, april 26, 2021 /prnewswire/ -- first quarter 2021 highlights: q1 2021 net sales increased 8.1% year-over-year to $1,063.6 million with positive contributions from all end-markets income from operations of $52.6 million includes a significant operating charge detailed below; adjusted ebit increased 37.8% to $182.8 million, a record for first quarter results diluted eps of $0.06 versus $0.22 in q1 2020; adjusted diluted eps of $0.50 versus $0.31 in q1 2020 cash flow from operations of $39.6 million in q1 2021; free cash flow of $11.3 million acquired anhui shengran insulating materials co. ltd., a chinese producer of wire enamels for electric motors on april 1, 2021 repurchased $63.6 million of stock during q1 2021 at an average price of $27.94 axalta coating systems ltd.
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