Axalta Coating Systems Ltd.

Axalta Coating Systems Ltd. announced it will release its second quarter 2026 financial results on Tuesday, July 28, 2026, at 6 a.m. ET. The company will host a conference call at 8 a.m. ET on the same day, featuring CEO Chris Villavarayan and CFO Carl Anderson. The release and supporting materials will be available on Axalta's Investor Relations site, along with a live webcast and replay options for the conference call.

Axalta Coating Systems Ltd. announced that the U.S. SEC declared effective the registration statement on Form F-4 filed by Akzo Nobel N.V. in connection with their proposed all-share merger. Axalta has filed a definitive proxy statement and scheduled a Special Meeting of Stockholders for August 5, 2026, to seek approval for the merger. The completion of the merger remains subject to shareholder and regulatory approvals, with an expected timeline of late 2026 or early 2027.

Axalta Coating Systems Ltd. entered into Amendment No. 1 to its Merger Agreement with Akzo Nobel N.V. on May 27, 2026. This amendment introduces a second wholly-owned subsidiary, AkzoNobel Sub 2, and a subsequent merger where Axalta will merge into AkzoNobel Sub 2, primarily to optimize tax integration. The company clarified that these changes will not alter the tax consequences for Axalta shareholders. Additionally, the amendment details the composition of the MergeCo board, which will comprise 11 directors, including 2 executive and 9 non-executive members.

Axalta Coating Systems Ltd. reported its first-quarter 2026 results, alongside an update on its proposed all-stock merger with Akzo Nobel N.V., expected to close in late 2026 to early 2027. The company saw a slight decrease in net sales to $1,254M and a 9.09% decline in net income attributable to common shareholders to $90M. Despite the dip in earnings, cash provided by operating activities significantly increased to $68M, and the company prepaid $50M of its 2029 Dollar Term Loans.

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.

Axalta Coating Systems Ltd. (AXTA) announced it has been honored with three 2026 Edison Awards, a prestigious recognition for innovation. The company received Gold Awards for its EcoNextJet on-demand vehicle color customization system and Alesta e-PRO FG Black fire-resistant coating for electric vehicle battery safety. Additionally, its TintMaster AI platform for efficient tint manufacturing secured a Bronze Award. This recognition highlights Axalta's commitment to solving complex customer challenges through advanced technology.