Quarterly ResultJul 28, 2026, 06:03 AM
Axalta Q2 Adjusted EBITDA $305M, Adjusted EPS $0.72 (Record)
AI Summary
Axalta Coating Systems Ltd. reported strong second quarter 2026 financial results, achieving record Adjusted EBITDA of $305 million and record Adjusted Diluted EPS of $0.72, up 13% year over year. Net sales increased 3% to $1.35 billion, driven by favorable foreign currency, acquisitions, and positive price mix. The company also reported robust cash generation with operating activities up 7% and free cash flow up 6%, alongside a historically low net leverage of 2.2x. Axalta reiterated its anticipation for the Special General Meeting on August 5 to approve the merger with AkzoNobel.
Key Highlights
- Net sales increased 3% year over year to $1.35 billion.
- Record Adjusted EBITDA of $305 million with a 22.7% margin.
- Record Adjusted Diluted EPS of $0.72, up 13% year over year.
- Cash provided by operating activities grew 7% to $152 million.
- Free cash flow increased 6% to $107 million.
- Total net leverage reached a historic low of 2.2x.
- Performance Coatings net sales rose 4% to $872 million, with Adjusted EBITDA up 10% to $218 million.
- Q3 2026 outlook: Adjusted EBITDA $295-$305 million, Adjusted Diluted EPS ~$0.70.
Price Impact
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