Axalta Releases Third Quarter 2026 Results
Key Highlights
- ➤Net sales $1.3 billion, up 2% year over year
- ➤Adjusted EBITDA $282 million, down 4%; margin reached 21.5%
- ➤Adjusted diluted EPS $0.63, down 6% year over year
- ➤FY 2026 Adjusted EBITDA guidance set at $1,100-$1,110 million
- ➤Mobility Coatings sales $493 million, up 7%, a quarterly record
Expert Statements
Chris Villavarayan, Chief Executive Officer and President of Axalta
“Axalta delivered another quarter of revenue growth, strong cash generation and robust profitability despite a more challenging operating environment. We maintained Adjusted EBITDA margin above 20%, further strengthened our balance sheet and achieved record quarterly net sales in Mobility Coatings. As we look ahead, we remain focused on disciplined execution and are confident in the significant value creation opportunity associated with our proposed combination with AkzoNobel.”
PHILADELPHIA, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Axalta Coating Systems Ltd. (NYSE:AXTA) (“Axalta”), a leading global coatings company, announced its financial results for the third quarter ended September 30, 2026.
Third Quarter 2026 Highlights: * Net sales of $1.3 billion, an increase of 2% year over year * Record quarter for Mobility net sales * Net income of $95 million and net income margin of 7.2% * Adjusted EBITDA of $282 million with an Adjusted EBITDA margin of 21.5% * Diluted EPS of $0.44 * Adjusted Diluted EPS of $0.63 * Cash provided by operating activities of $135 million, in line with prior year * Free cash flow of $92 million, up 3% year over year * Total net leverage of 2.1x, the lowest in Axalta’s history “Axalta delivered another quarter of revenue growth, strong cash generation and robust profitability despite a more challenging operating environment,” said Chris Villavarayan, Chief Executive Officer and President of Axalta. “We maintained Adjusted EBITDA margin above 20%, further strengthened our balance sheet and achieved record quarterly net sales in Mobility Coatings. As we look ahead, we remain focused on disciplined execution and are confident in the significant value creation opportunity associated with our proposed combination with AkzoNobel.”
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