Axalta Coating Systems Ltd. reported results for the quarter ended 2026 with revenue of $1.35B and diluted EPS of $0.41, while net income attributable to common shareholders declined to $89M from $109M a year earlier.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$1.35B$1.31B3.1% | Net income²$89M$109M(18.3%) | Diluted EPS³$0.41$0.5(18%) |
¹ Reported as “Net sales”. ² Reported as “Net income attributable to common shareholders”. ³ Reported as “Diluted net income per share”.
Business Highlights
- Net sales rose 1.3% year‑to‑date for six months, aided by foreign‑currency translation (about +4.2%) and acquisitions completed in 2025–26, offset by volume declines.
- By segment, Performance Coatings increased 1.0% and Mobility Coatings grew 1.9%; refinish demand remained relatively strong despite softer light‑vehicle volumes.
- Global footprint includes 42 plants, 4 technology centers, 52 training centers and more than 5,000 distributors supporting Axalta's color‑match leadership.
- Lower variable input costs and cost‑savings initiatives helped sustain EBITDA amid volume headwinds and higher freight expenses.
- Company entered an amended all‑stock merger agreement with AkzoNobel, prompting M&A activity and integration planning.
Original SEC Filing:
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