Items Tagged with 'financial results'

The coatings-focused businesses were among ALTANA’s strongest performers as raw-material risks build for the second half.

The company’s Industrial Precision Solutions segment posted higher sales, supported by growth in industrial coatings and other product lines.

Growth stayed in double digits, but the full impact of higher raw-material costs may still be ahead.

The distributor says pricing, construction activity and commercial execution helped lift a coatings-facing segment.

Higher pigment pricing offset lower volumes in Titanium Technologies as demand declined across most major end markets.

Record growth prompted a higher sales forecast, but profit guidance stayed put as raw-material pressure builds for the second half.

Higher volumes and pricing improved the quarter, while demand from products serving the paint and coatings market adds another signal for the industry.

All three operating segments grew, but management signaled that demand could remain soft through the second half.

Refinish sales reached $545 million as acquisitions, pricing and currency effects supported growth in Axalta’s Performance Coatings segment.

Full-year sales rose 6.7% to $7.86 billion, while the company projected continued sales and adjusted EBITDA growth in fiscal 2027.