Axalta Coating Systems: How 2,200 New Body Shops & Advanced EV Battery Coatings Are Poised to Boost Safety & Accelerate Market Growth!

Axalta Coating Systems delivered a mixed set of third-quarter results that highlighted both operational strength and market headwinds. The company generated approximately $1.3 billion in net sales, a 2% year-over-year decline due to macroeconomic softness in North America, particularly in the Performance Coatings segment. Despite the top-line pressure, Axalta achieved record adjusted EBITDA of $294 million and an adjusted EBITDA margin of 22.8%, marking its twelfth consecutive quarter of year-over-year EBITDA and margin growth. These margin gains reflect ongoing cost discipline, productivity initiatives, and favorable pricing and mix management. The Mobility Coatings segment delivered 4% year-over-year net sales growth and an adjusted EBITDA margin of 18%, benefiting from strength in China and Latin America and accretive new business wins.