Axalta Coating Systems reported record adjusted EBITDA of $305 million and a multi-year high margin of 22.7% for the second quarter of 2026, driven by cost discipline and favorable mix. The Refinish segment grew 6% with 1,900 net new body shops added in the first half, while Mobility achieved record quarterly net sales of $474 million. The company maintained its full-year 2026 guidance and expects third-quarter adjusted EBITDA between $295 million and $305 million. A shareholder vote on the pending merger of equals with AkzoNobel is set for August 5, 2026, with closing targeted for late 2026 or early 2027, and management projects approximately $600 million in annual run-rate cost synergies from the deal.
Axalta Coating Systems LtdRecord adjusted EBITDA and margin, strong segment growth, and maintained guidance.
Akzo Nobel NVPending merger of equals with Axalta, with projected $600M annual cost synergies.
NVIDIA Corporation