Inferra AI / Company / AXTA
Axalta Coating Systems Ltd.
AXTA · Materials
Last earnings Oct 29, 2026
Key results
Net incomequarter
$89 million
Net income of $89 million and net income margin of 6.6% Record quarter for Adjusted EBITDA of $305 million with an Adjusted EBITDA margin of 22.7%
SEC original ↗Axalta Coating Systems Ltd. — Earnings release (8-K exhibit)EX-99Jul 28, 2026
EPSquarter
$0.41
Diluted EPS of $0.41 Record quarter for
SEC original ↗Axalta Coating Systems Ltd. — Earnings release (8-K exhibit)EX-99Jul 28, 2026
Adjusted EPSquarter
$0.72
Adjusted Diluted EPS of $0.72, an increase of 13% year over year Cash provided by operating activities of $152 million, up 7% year over year
SEC original ↗Axalta Coating Systems Ltd. — Earnings release (8-K exhibit)EX-99Jul 28, 2026
Growthquarter
up 7%
Adjusted Diluted EPS of $0.72, an increase of 13% year over year Cash provided by operating activities of $152 million, up 7% year over year
SEC original ↗Axalta Coating Systems Ltd. — Earnings release (8-K exhibit)EX-99Jul 28, 2026
Free cash flowquarter
$107 million
Free cash flow of $107 million, up 6% year over year Total net leverage of 2.2x, the lowest in Axalta s history We delivered an excellent second quarter with record Adjusted EBITDA and Adjusted Diluted EPS
SEC original ↗Axalta Coating Systems Ltd. — Earnings release (8-K exhibit)EX-99Jul 28, 2026
Net income decreased by $21 million year over year to $89 million resulting in a net income margin of 6.6%.
SEC original ↗Axalta Coating Systems Ltd. — Earnings release (8-K exhibit)EX-99Jul 28, 2026
Diluted EPS declined to $0.41 from $0.50 in the prior year period due to higher merger and acquisition costs.
SEC original ↗Axalta Coating Systems Ltd. — Earnings release (8-K exhibit)EX-99Jul 28, 2026
Revenuequarter
13%
Adjusted Diluted EPS was $0.72, a record quarter and an increase of 13% from last year driven primarily by strong conversion on higher sales and lower interest expense.
SEC original ↗Axalta Coating Systems Ltd. — Earnings release (8-K exhibit)EX-99Jul 28, 2026
Free cash flow was $107 million, an increase of $6 million year over year, inclusive of the headwind from merger-related costs.
SEC original ↗Axalta Coating Systems Ltd. — Earnings release (8-K exhibit)EX-99Jul 28, 2026
AI analysis
Q2 2026 · reported Jul 28, 2026
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q2 2026 | Prior qtr | Year ago |
|---|---|---|---|
| Net income | $89 million | — | — |
| EPS | $0.41 | — | — |
| Adjusted EPS | $0.72 | — | — |
| Growth | up 7% | — | — |
| Free cash flow | $107 million | — | — |
| Revenue | 13% | — | — |
Guidance · company-stated
“$295”
“$0.70”
“$500”
“, As Adjusted 24%”
“$180”
Guidance stated in the release for FY 2026; figures as stated.
Cash flow & capex
Capital allocation
Private Securities Litigation Reform Act of 1995 regarding Axalta and its subsidiaries including, but not limited to, our outlook and or guidance, which includes net sales growth, Adjusted EBITDA, Adjusted Diluted EPS, Free Cash Flow, depreciation and amortization, tax rate, as adjusted, diluted shares outstanding, interest expense and capital expenditures and statements regarding the proposed merger of equals (the Proposed Merger ) with Akzo Nobel N.
Management uses Free Cash Flow and total net leverage ratio in the analysis of (1) our liquidity, (2) our ability to incur and service our debt and (3) strategic capital allocation decisions.
Event summary
(NYSE AXTA) ( Axalta ), a leading global coatings company, announced its financial results for the second quarter ended June 30, 2026
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
Adjusted EBITDA: “Adjusted EBITDA $295”
Adjusted Diluted EPS: “Adjusted Diluted EPS $0.70”
Free Cash Flow: “Free Cash Flow $500”
Tax Rate: “Tax Rate, As Adjusted 24%”
Capital Expenditures: “Capital Expenditures $180”
Adjusted EBITDA (“FY 2026”)
“Third Quarter and Full Year 2026 Outlook (in millions, except % s and per share data) Projection Item Q3 2026 FY 2026 Net Sales (YoY % growth) LSD% LSD% Adjusted EBITDA $295 - $305 $1,140 - $1,170 Adjusted Diluted EPS $0.70 $2.55 - $2.70 Free Cash Flow $500 Depreciation and Amortization $305 Tax Rate, As Adjusted 24% Diluted Shares”
Adjusted Diluted EPS (“FY 2026”)
“ook (in millions, except % s and per share data) Projection Item Q3 2026 FY 2026 Net Sales (YoY % growth) LSD% LSD% Adjusted EBITDA $295 - $305 $1,140 - $1,170 Adjusted Diluted EPS $0.70 $2.55 - $2.70 Free Cash Flow $500 Depreciation and Amortization $305 Tax Rate, As Adjusted 24% Diluted Shares Outstanding 215 Interest Expense $150 Capital Exp”
Free Cash Flow (“FY 2026”)
“e data) Projection Item Q3 2026 FY 2026 Net Sales (YoY % growth) LSD% LSD% Adjusted EBITDA $295 - $305 $1,140 - $1,170 Adjusted Diluted EPS $0.70 $2.55 - $2.70 Free Cash Flow $500 Depreciation and Amortization $305 Tax Rate, As Adjusted 24% Diluted Shares Outstanding 215 Interest Expense $150 Capital Expenditures $180 - $200 LSD low sing”
Tax Rate (“FY 2026”)
“% growth) LSD% LSD% Adjusted EBITDA $295 - $305 $1,140 - $1,170 Adjusted Diluted EPS $0.70 $2.55 - $2.70 Free Cash Flow $500 Depreciation and Amortization $305 Tax Rate, As Adjusted 24% Diluted Shares Outstanding 215 Interest Expense $150 Capital Expenditures $180 - $200 LSD low single digit percentage Axalta does not provide a reconciliation”
Capital Expenditures (“FY 2026”)
“d EPS $0.70 $2.55 - $2.70 Free Cash Flow $500 Depreciation and Amortization $305 Tax Rate, As Adjusted 24% Diluted Shares Outstanding 215 Interest Expense $150 Capital Expenditures $180 - $200 LSD low single digit percentage Axalta does not provide a reconciliation for non-GAAP estimates for Adjusted EBITDA, Adjusted Diluted EPS, Free Cash Flo”
Guidance stated in the release for FY 2026; figures as stated.
Capital allocation
Private Securities Litigation Reform Act of 1995 regarding Axalta and its subsidiaries including, but not limited to, our outlook and or guidance, which includes net sales growth, Adjusted EBITDA, Adjusted Diluted EPS, Free Cash Flow, depreciation and amortization, tax rate, as adjusted, diluted shares outstanding, interest expense and capital expenditures and statements regarding the proposed merger of equals (the Proposed Merger ) with Akzo Nobel N.
SEC original ↗Axalta Coating Systems Ltd. — Earnings release (8-K exhibit)EX-99Jul 28, 2026
Management uses Free Cash Flow and total net leverage ratio in the analysis of (1) our liquidity, (2) our ability to incur and service our debt and (3) strategic capital allocation decisions.
SEC original ↗Axalta Coating Systems Ltd. — Earnings release (8-K exhibit)EX-99Jul 28, 2026
Total net leverage ratio consists of net debt divided by Adjusted EBITDA, with net debt defined as total debt less cash and cash equivalents.
SEC original ↗Axalta Coating Systems Ltd. — Earnings release (8-K exhibit)EX-99Jul 28, 2026
At June 30, 2026 and December 31, 2025, we had outstanding Customer Obligation Guarantees of $ 25 million and $ 24 million, respectively, excluding certain outstanding Customer Obligation Guarantees secured by letters of credit under the Revolving Credit Facility discussed further in Note 15.
SEC original ↗Axalta Coating Systems Ltd. — 10-Q Quarterly report10-QJul 29, 2026
Excluding Customer Obligation Guarantees secured by letters of credit under the Revolving Credit Facility, substantially all of our Customer Obligation Guarantees do not have specified expiration dates.
SEC original ↗Axalta Coating Systems Ltd. — 10-Q Quarterly report10-QJul 29, 2026
Bad debt expense of $ 1 million, $ 2 million, $ 3 million and $ 6 million was included within selling, general and administrative expenses for the three and six months ended June 30, 2026 and 2025, respectively.
SEC original ↗Axalta Coating Systems Ltd. — 10-Q Quarterly report10-QJul 29, 2026
Strategy & priorities
This strategic combination creates a premier global coatings company and provides significant value creation opportunities for Axalta shareholders said Chris Villavarayan, Chief Executive Officer and President of Axalta.
SEC original ↗Axalta Coating Systems Ltd. — Earnings release (8-K exhibit)EX-99Jul 28, 2026
Management uses Free Cash Flow and total net leverage ratio in the analysis of (1) our liquidity, (2) our ability to incur and service our debt and (3) strategic capital allocation decisions.
SEC original ↗Axalta Coating Systems Ltd. — Earnings release (8-K exhibit)EX-99Jul 28, 2026
Risks & headwinds
Free cash flow was $107 million, an increase of $6 million year over year, inclusive of the headwind from merger-related costs.
SEC original ↗Axalta Coating Systems Ltd. — Earnings release (8-K exhibit)EX-99Jul 28, 2026
These statements involve risks and uncertainties, including, but not limited to, economic, competitive, governmental (including related to any new or existing tariffs imposed by the U.
SEC original ↗Axalta Coating Systems Ltd. — Earnings release (8-K exhibit)EX-99Jul 28, 2026
Legal Proceedings 38 ITEM 1A.
SEC original ↗Axalta Coating Systems Ltd. — 10-Q Quarterly report10-QJul 29, 2026
Other We are subject to various pending lawsuits, legal proceedings and other claims in the ordinary course of business, including civil, regulatory and environmental matters.
SEC original ↗Axalta Coating Systems Ltd. — 10-Q Quarterly report10-QJul 29, 2026
All of these matters are subject to many uncertainties and, accordingly, we cannot determine the ultimate outcome of the proceedings and other claims at this time.
SEC original ↗Axalta Coating Systems Ltd. — 10-Q Quarterly report10-QJul 29, 2026
Earnings deck slides
6 decks with slide viewAxalta Coating Systems Ltd. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
32 documents- Q3 2026
- 8-KAXTA
Oct 29, 2026
- Q2 2026
- 8-KAXTA
- 10-QAXTA
- 8-KAXTA
Jul 29, 2026
- 8-KAXTA
Jul 28, 2026
- 8-KAXTA
Jul 23, 2026
- EX-99AXTA
- Q1 2026
- 8-KAXTA
- 8-KAXTA
May 28, 2026
- 10-QAXTA
- 8-KAXTA
Apr 30, 2026
- Q4 2025
- 10-KAXTA
Feb 13, 2026
- 8-KAXTA
Feb 10, 2026
- Q3 2025
- 8-KAXTA
Dec 19, 2025
- 8-KAXTA
Nov 18, 2025
- 10-QAXTA
- 8-KAXTA
Oct 28, 2025
- Q2 2025
- 10-QAXTA
- 8-KAXTA
Jul 30, 2025
- Q1 2025
- 8-KAXTA
- 10-QAXTA
- 8-KAXTA
- Q4 2024
- 10-KAXTA
Feb 13, 2025
- 8-KAXTA
- 8-KAXTA
Jan 21, 2025
- Q3 2024
- 8-KAXTA
Nov 26, 2024
- 8-KAXTA
Nov 12, 2024
- 10-QAXTA
- 8-KAXTA
Oct 30, 2024
- Q2 2024
- 10-QAXTA
- 8-KAXTA
- 8-KAXTA
Earnings releases
12 documentsPresentations
7 documents
Transcripts
0 documentsNo transcripts for Axalta Coating Systems Ltd. are held in this edition of the library.
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