Mergers & Acquisitions ·
Axalta Coating Systems Ltd. reported second quarter 2026 financial results with net sales of $1.35 billion, a 3%…
AXTAAxalta Coating Systems Ltd.
Axalta Coating Systems Ltd. reported second quarter 2026 financial results with net sales of $1.35 billion, a 3% year-over-year increase. The company achieved record Adjusted EBITDA of $305 million and record Adjusted Diluted EPS of $0.72, up 13% from the prior year. GAAP net income was $89 million, or $0.41 diluted EPS, impacted by $31 million in merger and acquisition-related costs. Free cash flow totaled $107 million, and total net leverage stood at 2.2x. Axalta provided full-year 2026 Adjusted EBITDA guidance of $1.14 billion to $1.17 billion and Adjusted Diluted EPS guidance of $2.55 to $2.70. The company also announced a Special General Meeting on August 5, 2026, to approve a proposed merger of equals with AkzoNobel. Axalta Coating Systems Ltd. is a global leader in the coatings industry, providing innovative coatings solutions for mobility, industrial, and refinish applications.