Axalta Coating Systems Ltd. (NYSE:AXTA) Q1 2023 Earnings Conference Call May 3, 2023 8:00 AM ET

Company Participants

Chris Evans - VP, IR

Chris Villavarayan - CEO and President

Sean Lannon - CFO

Conference Call Participants

Christopher Parkinson - Mizuho

Kevin McCarthy - Vertical Research Partners

Ghansham Panjabi - Baird

John McNulty - BMO Capital Markets

David Begleiter - Deutsche Bank

Aleksey Yefremov - KeyBanc Capital Markets

Vincent Andrews - Morgan Stanley

Mike Leithead - Barclays

Duffy Fischer - Goldman Sachs

Steve Byrne - Bank of America

Arun Viswanathan - RBC Capital Markets

Mike Sison - Wells Fargo

Operator

Ladies and gentlemen, thank you for standing by. Welcome to Axalta's First Quarter 2023 Earnings Conference Call. [Operator Instructions] Today's call is being recorded and a replay will be available through May 10. Those listening to today's call should please note that the information provided in the recording will not be updated and therefore, may no longer be current.

I will now turn the call over to Chris Evans. Please go ahead, sir.

Chris Evans

Thank you, and good morning. This is Chris Evans, VP of Investor Relations. We appreciate your continued interest in Axalta, and welcome you to our first quarter 2023 financial results conference call. Joining me today are Chris Villavarayan, CEO and President; and Sean Lannon, CFO.

Yesterday afternoon, we released our quarterly financial results and posted a slide presentation along with commentary to the Investor Relations section of our website at axalta.com, which we'll be referencing during this call. Our prepared remarks, the slide presentation and our discussion today may contain forward-looking statements reflecting the company's current view of future events and their potential effect on Axalta's operating and financial performance. These statements involve uncertainties and risks and actual results may differ materially from those forward-looking statements. Please note that the company is under no obligation to provide updates to these forward-looking statements.

Our remarks and the slide presentation also contains various non-GAAP financial measures. In the appendix to the slide presentation, we've included reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures. For additional information regarding forward-looking statements and non-GAAP financial measures, please refer to our filings with the SEC.

I will now turn the call over to Chris.

Chris Villavarayan

Thank you, Chris.

I'd like to welcome everyone to our first quarter 2023 earnings call, and we'll start by discussing the key highlights on Slide 3. I'm very proud of our first quarter performance. Through the commendable efforts of our global teams, we're outpacing growth in most markets we serve, driving incremental pricing, accelerating margin recovery and improving execution across all our operations.