Axalta Reports Q3 2026 Results; Cuts Full-Year 2026 Guidance
Adjusted EBITDA was cut by $-40.0M to $1,100-$1,110 million (midpoint $1,105 million). Net sales increased 2% year over year to $1.311 billion driven by volume growth and record quarterly Mobility Coatings sales of $493 million.
Guidance updates
Forward guidance
Key takeaways
Q3 2026 adjusted EBITDA of $282 million missed prior guidance midpoint of $294 million by $12 million (4.1% variance)
Q3 2026 net sales of $1.311 billion increased 2% YoY; adjusted diluted EPS of $0.63 down 6% YoY
Mobility Coatings achieved record quarterly net sales of $493 million (+7% YoY) with 19.0% adjusted EBITDA margin (100 bps expansion)
Performance Coatings adjusted EBITDA margin contracted 250 bps to 23.0% due to lower Europe Refinish volumes and variable cost inflation
Free cash flow increased 3% YoY to $92 million despite approximately $21 million of incremental M&A-related cash costs
Full-year 2026 guidance cut: Adjusted EBITDA lowered by $50 million at midpoint to $1,100-$1,110 million; adjusted diluted EPS lowered by $0.175 to ~$2.45
Full-year 2026 free cash flow guidance reduced from >$500 million to ~$450 million, including ~$80 million of M&A-related cash costs
Key metrics
Primary source
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