Axalta Coating Systems Ltd. 2026: Revenue $1.35B, EPS $0.41— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Axalta Coating Systems reported Q2 2026 revenue of $1.35B, up 3.1% YoY, but net income fell to $89M due to an 18% drop in diluted EPS. Growth was driven by currency translation and acquisitions, offsetting volume declines. The company also announced an amended all-stock merger agreement with AkzoNobel.
Axalta Coating Systems Ltd. reported results for the quarter ended 2026 with revenue of $1.35B and diluted EPS of $0.41, while net income attributable to common shareholders declined to $89M from $109M a year earlier.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $1.35B | $1.31B | 3.1% |
| Net income² | $89M | $109M | (18.3%) |
| Diluted EPS³ | $0.41 | $0.5 | (18%) |
¹ Reported as “Net sales”. ² Reported as “Net income attributable to common shareholders”. ³ Reported as “Diluted net income per share”.
Business Highlights
- Net sales rose 1.3% year‑to‑date for six months, aided by foreign‑currency translation (about +4.2%) and acquisitions completed in 2025–26, offset by volume declines.
- By segment, Performance Coatings increased 1.0% and Mobility Coatings grew 1.9%; refinish demand remained relatively strong despite softer light‑vehicle volumes.
- Global footprint includes 42 plants, 4 technology centers, 52 training centers and more than 5,000 distributors supporting Axalta's color‑match leadership.
- Lower variable input costs and cost‑savings initiatives helped sustain EBITDA amid volume headwinds and higher freight expenses.
- Company entered an amended all‑stock merger agreement with AkzoNobel, prompting M&A activity and integration planning.
Original SEC Filing: Axalta Coating Systems Ltd. [ AXTA ] - 10-Q - Jul. 29, 2026