Axalta Coating Systems Ltd. Q1 2026 Earnings Release

Axalta Coating Systems Ltd. reported its financial results for the first quarter ended March 31, 2026. The company exceeded its guidance for net sales, Adjusted EBITDA, and Adjusted Diluted EPS. First quarter net sales were $1.25 billion, with a net income of $91 million and a net income margin of 7.3%. Adjusted EBITDA was $259 million, and Adjusted Diluted EPS was $0.56. The company achieved record first quarter cash provided by operating activities of $68 million and record free cash flow of $21 million. Performance Coatings segment net sales were $802 million, while Mobility Coatings segment achieved record first quarter net sales of $452 million. Axalta also provided its outlook for the second quarter and full year 2026, projecting flat to low single-digit percentage net sales growth for Q2 and full year. The company is progressing with its proposed merger of equals with AkzoNobel as planned.