Free cash flow totaled $198.1 million compared to $95.5 million in the prior-year third quarter, including lower capital expenditures totaling $26.7 million versus $34.9 million in the prior year quarter. "Axalta's third-quarter demonstrated continued strong overall business execution, coupled with good financial and operating discipline in an uneven global demand environment. Despite volume headwinds across most of Axalta's end-markets, our execution strength was visible in both improved segment margins and strong cash flow performance, resulting in a lower net leverage ratio of 3.2x," said Sean Lannon, Axalta's CFO. "We have provided updated guidance for 2019, and anticipate continued overall volume pressure offset by productivity and reduced inflation headwinds to reaching our previously stated Adjusted EBIT range.