Coatings maker Axalta Q3 sales miss on lower volumes
AXTA•Axalta's third-quarter net sales rose 2% year over year to $1.31 billion, missing the $1.33 billion analyst consensus, while adjusted diluted EPS fell 6% to $0.63, below the $0.70 estimate. The company expects fourth-quarter adjusted EBITDA of $254 million to $264 million and full-year adjusted EBITDA of $1.1 billion to $1.11 billion.
1. Quarterly results
Axalta reported third-quarter net sales of $1.31 billion, up 2% year over year but below the $1.33 billion analyst consensus. Adjusted diluted EPS fell 6% to $0.63, missing the $0.70 consensus; reported EPS was $0.44.
2. Outlook and drivers
Axalta expects fourth-quarter adjusted EBITDA of $254 million to $264 million and full-year adjusted EBITDA of $1.1 billion to $1.11 billion. It expects 2026 net sales growth in the low single digits. Lower volumes in Performance Coatings and higher raw material and freight costs weighed on results, while Mobility Coatings recorded sales growth driven by higher volumes, especially in North American commercial vehicles.
