Quarterly ResultJul 28, 2026, 06:08 AM
Axalta Q2 Net Sales $1.35B; Record Adjusted EBITDA $305M
AI Summary
Axalta Coating Systems Ltd. announced strong financial results for the second quarter ended June 30, 2026, with net sales increasing 3% to $1.35 billion. The company achieved record Adjusted EBITDA of $305 million and record Adjusted Diluted EPS of $0.72, up 13% year over year. While GAAP net income and diluted EPS decreased due to merger and acquisition-related costs, adjusted figures showed significant growth. Axalta also highlighted the upcoming Special General Meeting on August 5 to approve its compelling merger of equals with AkzoNobel, which is expected to create significant value.
Key Highlights
- Axalta to hold Special General Meeting on August 5 to approve merger with AkzoNobel.
- Q2 2026 net sales increased 3% year over year to $1.35 billion.
- Record Q2 Adjusted EBITDA reached $305 million, with a 22.7% margin.
- Record Q2 Adjusted Diluted EPS was $0.72, a 13% increase year over year.
- Cash provided by operating activities grew 7% to $152 million.
- Performance Coatings net sales rose 4% to $872 million, Adjusted EBITDA up 10% to $218 million.
- Mobility Coatings achieved record net sales of $474 million, up 1% year over year.
- Forecasts FY 2026 Adjusted EBITDA of $1,140 million to $1,170 million.
Price Impact
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