Axalta Coating Systems LLC

Q2 FY2026 EarningsQ2 FY26 revenue reached $1.35B, up 3% YoY, driven by acquisitions and positive price-mix. Adjusted EBITDA hit a record $305M (22.7% margin, up 30bps), and Adjusted Diluted EPS grew 13% YoY to $0.72. However, GAAP net income fell 19% YoY to $89M due to $31M in elevated M&A costs related to the proposed merger with AkzoNobel. Free cash flow remained robust at $107M, up 6% YoY, with net leverage hitting a record low of 2.2x.