 PHILADELPHIA, April 26, 2021 PRNewswire -- First Quarter 2021 Highlights: Q1 2021 net sales increased 8.1 year-over-year to 1,063.6 million with positive contributions from all end-markets Income from operations of 52.6 million includes a significant operating charge detailed below; Adjusted EBIT increased 37.8 to 182.8 million, a record for first quarter results Diluted EPS of 0.06 versus 0.22 in Q1 2020; Adjusted diluted EPS of 0.50 versus 0.31 in Q1 2020 Cash flow from operations of 39.6 million in Q1 2021; free cash flow of 11.3 million Acquired Anhui Shengran Insulating Materials Co. Ltd., a Chinese producer of wire enamels for electric motors on April 1, 2021 Repurchased 63.6 million of stock during Q1 2021 at an average price of 27.94 Axalta Coating Systems Ltd. 