Axalta releases q2 adjusted loss per share $0.15

Axalta releases second quarter 2020 results.q2 adjusted loss per share $0.15.q2 loss per share $0.35.q2 sales $652.7 million versus refinitiv ibes estimate of $627.1 million.q2 earnings per share estimate $-0.11 -- refinitiv ibes data.initiates global restructuring to position company for sustained growth.sees about $50 million in annual run-rate structural cost savings from global restructuring.restructuring expected to result in net 5% reduction of co's global workforce, or about 550 employees globally.potential for additional reductions from europe as part of restructuring.expects to incur cash costs of $55-65 million inclusive of capital expenditures in 2020.sees about $195 million of in-year 2020 cost savings from restructuring announced today and previously planned actions.sees q3 2020 net sales to be down about 15-20% versus q3 2019 including 1% negative impact from fx.sees fy capex about $80 million.q3 revenue view $900.4 million -- refinitiv ibes data.
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