Axalta Coating Systems reported second-quarter 2026 results with net sales of $1.35 billion and record Adjusted EBITDA of $305 million. The company delivered adjusted diluted EPS of $0.72 and reported net income of $89 million for the quarter. Cash provided by operating activities was $152 million and free cash flow was $107 million for the period.
Financial Highlights
- Net sales: $1.35 billion for Q2 2026 (increase of 3% year over year).
- Net income: $89 million; net income margin: 6.6% for the quarter.
- Adjusted EBITDA: $305 million (record quarter); Adjusted EBITDA margin: 22.7%.
- Adjusted diluted EPS: $0.72 (record quarter, up 13% year over year); Diluted EPS: $0.41.
- Cash provided by operating activities: $152 million; Free cash flow: $107 million.
Business Highlights
- Revenue growth drivers included favorable foreign currency translation, contributions from acquisitions and positive price mix.
- Performance Coatings net sales of $872 million, with organic net sales growth supported by strong performance in Europe and Asia.
- Refinish net sales rose 6% year over year to $545 million, driven by acquisitions, favorable price mix and currency effects.
- Mobility Coatings achieved record quarterly net sales of $474 million; Commercial Vehicle volumes grew across all regions while Light Vehicle organic sales declined slightly.
- Total net leverage improved to 2.2x, the lowest in company history, supporting balance-sheet strength and capital allocation flexibility.
Original SEC Filing:
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