Axalta reports higher Q3 sales but lower net income of $95M
Key points
- Axalta Coating Systems (NYSE:AXTA) reported third-quarter 2026 sales of approximately $1.3 billion, up 2% year over year.
- Net income fell by $15 million to $95 million, diluted EPS dropped to $0.44, and adjusted EBITDA decreased 4% to $282 million.
- Segment sales rose 7% to $493 million, while Axalta maintained its full-year adjusted EBITDA outlook of $1.10 billion–$1.11 billion.
Axalta Coating Systems (NYSE:AXTA) reported third-quarter 2026 sales of approximately $1.3 billion, up 2% year over year, as record quarterly sales in its Mobility Coatings segment were offset by declining earnings.
Net income fell by $15 million from the prior-year quarter to $95 million, while diluted earnings per share declined to $0.44 from $0.51.
Adjusted EBITDA decreased 4% to $282 million.
Mobility Coatings sales increased 7% to $493 million, marking a record quarter for the segment.
Performance Coatings sales, however, declined to $818 million.
Free cash flow rose 3% to $92 million, including approximately $21 million in incremental merger-related cash costs.
Axalta's total net leverage stood at 2.1x.
For full-year 2026, Axalta expects adjusted EBITDA of $1.10 billion–$1.11 billion and adjusted diluted EPS of approximately $2.45.
Its proposed combination with AkzoNobel remains pending.
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