Sees Q2 revenue up 7%-10%, consensus $1.31B. Sees Q2 adjusted EBITDA $150M-$170M. Villavarayan concluded, "Looking ahead, I expect operating income to continue to improve given momentum in price-cost and earnings recovery in Mobility Coatings. In Performance Coatings, we expect that continued focus on price should more than offset softer demand in Industrial while Refinish is set up nicely to have another record year of profitability. Axalta is committed to driving meaningful operating income and cash flow growth in 2023; we believe we are on a favorable trajectory following a solid Q1 result."
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