Q4 & FY 2022 Financial Results
Q4 2022 Key Messages
Earnings near top of guidance range driven by pricing momentum and volume growth with
notable margin recovery from Mobility Coatings
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2% volume growth YoY as market recovery in Mobility Coatings more than offset pockets of
softer Industrial demand and slower China recovery in Performance Coatings
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12% price-mix growth YoY; 3% sequential price-mix growth reflects continued focus on margin
recovery across every end-market
Adjusted EBIT margins improved 130 basis points YOY as pricing more than covered
elevated, but stabilizing, raws and logistics environment
Delivered $206 million of Free Cash Flow; net leverage sequentially lower to 3.8x
Driving Improved Profitability Through Execution On Key Priorities
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A
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