Axalta coating systems says total net sales declined in aggregate by 48% for april and may

Axalta coating systems ltd - for april and may, total net sales declined in aggregate by 48% excluding foreign exchange and divestiture impacts.axalta coating systems ltd - performance coatings segment net sales declined during april and may by 37% excluding foreign exchange and divestiture impacts.axalta coating systems - underlying traffic data supporting refinish business continued to show improvement into june.axalta coating systems ltd - global traffic data is still highly variable but there also appears to be broad based improvement in western europe.axalta coating systems ltd - latin america recovery is delayed due to ongoing covid-19 impacts in region.axalta coating systems ltd - expect refinish coatings demand to correlate to recovery in total miles driven over time.axalta coating systems - transportation coatings segment net sales fell by 69% for april, may combined, excluding foreign exchange and m&a impacts.axalta coating systems ltd - production rates for global automotive oems are showing steady improvement.axalta coating systems ltd - further expect that net sales in june will show sequential improvement versus april and may.axalta coating systems - as of end of may, total cash and cash equivalents of $620 million and total liquidity of around $1 billion.axalta coating systems ltd - after giving effect for proceeds from new notes, will have about $1.5 billion in liquidity sources.
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