Dependence On M&ADependence on M&A to supplement volume growth in mature end markets is among the pushbacks on AXTA.
Industry OutlookThe refinish industry is expected to be down due to issues such as inventory destocking, weather conditions, and lower insurance claims.
Macroeconomic EnvironmentThe weak China macroeconomic environment has been a major headwind, particularly affecting AXTA's Mobility Coatings segment.