--- title: "Axalta Coating Systems LLC | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 1.346 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/294046533.md" datetime: "2026-07-28T10:07:01.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294046533.md) - [en](https://longbridge.com/en/news/294046533.md) - [zh-HK](https://longbridge.com/zh-HK/news/294046533.md) --- # Axalta Coating Systems LLC | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 1.346 B Revenue: As of FY2026 Q2, the actual value is USD 1.346 B, beating the estimate of USD 1.316 B. EPS: As of FY2026 Q2, the actual value is USD 0.41, missing the estimate of USD 0.6142. EBIT: As of FY2026 Q2, the actual value is USD 171 M. ### Second Quarter 2026 Consolidated Financial Results Axalta Coating Systems Ltd. reported net sales of $1.35 billion for the second quarter of 2026, an increase of 3% year-over-year. Refinish net sales increased by 6% year-over-year. The company achieved a net income of $89 million, representing a net income margin of 6.6%. This was a decrease of $21 million year-over-year, primarily due to an incremental $31 million in merger and acquisition related costs. Adjusted net income, excluding these expenses, increased by 10% year-over-year to $153 million, driven by reduced operating expenses and lower interest expense. #### Operating Profitability Adjusted EBITDA reached a record $305 million, marking a 5% increase year-over-year, with an Adjusted EBITDA margin of 22.7%, up 30 basis points from the prior year period. Income from operations for the quarter was $167 million, down from $193 million in the prior year. Other operating charges were $42 million, compared to $12 million in the second quarter of 2025. Selling, general and administrative expenses were $213 million, up from $208 million in the prior year. Research and development expenses were $18 million, down from $20 million in the prior year. Amortization of acquired intangibles was $25 million, compared to $24 million in the prior year. Interest expense, net, was $37 million, a decrease from $45 million in the prior year period. Provision for income taxes was $45 million, up from $33 million in the prior year. #### Cash Flow Cash provided by operating activities was $152 million, an increase of 7% year-over-year, driven by improved working capital and lower interest payments. Free cash flow was $107 million, an increase of $6 million year-over-year, even with the headwind from merger-related costs. For the six months ended June 30, 2026, cash provided by operating activities was $220 million, compared to $168 million in the same period of 2025. Free cash flow for the six-month period was $128 million, up from $87 million in the prior year period. Purchases of property, plant and equipment for the six months ended June 30, 2026, totaled - $98 million, compared to - $88 million in the same period of 2025. #### Balance Sheet Metrics Axalta Coating Systems Ltd. achieved its lowest total net leverage in history at 2.2x. As of June 30, 2026, cash and cash equivalents were $633 million. Total current assets were $2,990 million, and total assets were $7,699 million. Total current liabilities were $1,950 million, and long-term borrowings stood at $2,549 million. ### Segment Results #### Performance Coatings Performance Coatings reported net sales of $872 million, an increase of 4% year-over-year, driven by favorable currency, contributions from acquisitions, and positive price mix. Refinish net sales increased by 6% year-over-year to $545 million. Industrial net sales increased by 2% year-over-year to $327 million. Adjusted EBITDA for Performance Coatings increased by 10% year-over-year to $218 million, with an Adjusted EBITDA margin of 25.1%, an improvement of 130 basis points. #### Mobility Coatings Mobility Coatings achieved record quarterly net sales of $474 million, up 1% year-over-year. Commercial Vehicle net sales increased by 7% year-over-year. Adjusted EBITDA for Mobility Coatings was $87 million, with an Adjusted EBITDA margin of 18.4%. ### Outlook For the third quarter of 2026, Axalta Coating Systems Ltd. anticipates low single-digit percentage (LSD%) net sales growth and Adjusted EBITDA between $295 million and $305 million. The full-year 2026 outlook projects LSD% net sales growth, Adjusted EBITDA of $1,140 million to $1,170 million, and free cash flow greater than $500 million. 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