Axalta Coating Systems Reports Record Q2 Adjusted EBITDA of $305M Amid Operational Gains
Axalta Coating Systems Ltd. reported record adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $305 million for the second quarter of 2026, with a margin of 22.7%, driven by disciplined cost management and favorable business mix. The Refinish segment grew by 6% due to reduced channel destocking and new body shop wins, while Industrial margins expanded despite macroeconomic challenges in North America. The Mobility segment reached record net sales of $474 million thanks to increased Class 8 truck production. Operational initiatives led to the eighth consecutive quarter of declining operating expenses on a constant currency basis, alongside reduced variable input costs. Axalta maintained its full-year guidance amid geopolitical and tariff uncertainties, projecting third-quarter adjusted EBITDA between $295 million and $305 million. The company expects Refinish volumes to turn positive in H2 2026 as new body shop wins contribute. Axalta also outlined strategic integration plans for the pending merger with AkzoNobel, targeting $600 million in annual cost synergies by late 2029 and a closing date of late 2026 or early 2027. The company reduced gross debt by $80 million during Q2, lowering interest expenses year-over-year.
Tickers: $NVDA
Topics: ebitda financial performance operational efficiency segment growth