Earnings Releases·Oct 29, 2026, 7:10 AM ET

Axalta Coating Systems — Third Quarter 2026 Earnings Summary

**Financial Results:** Q3 net sales rose 2% YoY to $1.3B, while net income fell 14% YoY to $95M and Adjusted EBITDA declined 4% YoY to $282M; diluted EPS dropped to $0.44 from $0.51, though free cash flow increased 3% YoY to $92M and total net leverage reached a historic low of 2.1x.
**Segment Performance:** Mobility Coatings posted record quarterly net sales of $493M (+7% YoY) with a record Adjusted EBITDA of $94M, whereas Performance Coatings sales declined 2% YoY to $818M due to lower Refinish volumes in Europe.
**Full-Year Guidance:** The company projects 2026 net sales to grow in the low single-digit range and Adjusted EBITDA between $1.10B and $1.11B, with full-year Adjusted Diluted EPS guided at approximately $2.45 and free cash flow at roughly $450M.
**Strategic Developments:** Shareholders approved the proposed merger of equals with AkzoNobel, and the company is proceeding with the planned divestiture of its North America Building Products business while managing $19M in quarterly M&A-related expenses.