Financial Guidance & Market Commentary
Q4 Mobility Coatings Results
Financial Performance
Q4
% Change
($ in million)
2022
2021
Incl. FX
Excl. FX
Light Vehicle
320
255
25.4 %
30.7 %
Commercial Vehicle
99
78
25.9 %
28.4 %
Net Sales
418
333
25.5 %
30.2 %
Adjusted EBIT
18
(4)
602.9 %
% margin
4.2 %
(1.1%)
$333
Net Sales Variance
18.7%
11.5%
(4.7%)
25.5%
$418
Q4 2021
Volume
Price-Mix
FX
Q4 2022
Commentary
Net sales growth from above-market volume growth and
double-digit price-mix in both end-markets
Light Vehicle growth supported by improvement in global
builds and new business wins
Commercial Vehicle growth supported by robust demand in
Americas and western Europe
Price-mix growth included modest retroactive benefit from
actions taken with select customers
FX headwind driven by the Euro and Chinese Renminbi
Adjusted EBIT improvement supported by pent up demand
and market recovery
"
Adjusted EBIT growth led by recovery in Light Vehicle;
Commercial Vehicle remained strong through better volumes
and pricing
Mobility Coatings pricing more than offset year-over-year
inflation for the first time; however, cumulative gap remains
13
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