Quarterly ResultApr 30, 2026, 06:02 AM
AXTA Q1 Net Sales $1.25B; Adj. EBITDA $259M; Adj. EPS $0.56
AI Summary
Axalta Coating Systems Ltd. reported strong first-quarter 2026 financial results, exceeding guidance with net sales of $1.25 billion, Adjusted EBITDA of $259 million, and Adjusted Diluted EPS of $0.56. The company achieved record first-quarter cash provided by operating activities of $68 million and free cash flow of $21 million, driven by improved working capital and lower interest payments. Axalta also confirmed it is progressing as planned with the proposed merger of equals with AkzoNobel, maintaining momentum on financial and operational priorities.
Key Highlights
- Progressing with proposed merger of equals with AkzoNobel as planned.
- Q1 2026 net sales of $1.25 billion, down $8 million YoY, exceeded guidance.
- Adjusted EBITDA of $259 million, down $11 million YoY, exceeded guidance.
- Adjusted Diluted EPS of $0.56, down $0.03 YoY, exceeded guidance.
- Record Q1 cash from operations of $68 million, up $42 million YoY.
- Record Q1 free cash flow of $21 million, up $35 million YoY.
- Performance Coatings net sales $802 million, down YoY.
- Mobility Coatings net sales $452 million, up 3% YoY.