Coatings maker Axalta Q3 sales miss on lower volumes

Axalta Coating Systems

29/10/2026 10:12

Overview
Coatings maker's Q3 net sales rose 2% yr/yr, missing analyst expectations
Adjusted diluted EPS for Q3 fell 6% yr/yr and missed analyst expectations
Lower volumes in Performance Coatings and higher costs weighed on quarterly results

Outlook
Axalta sees Q4 adjusted EBITDA of $254 mln to $264 mln
Company expects full-year adjusted EBITDA of $1.1 bln to $1.11 bln
Axalta expects FY 2026 net sales growth in the low single digits

Result Drivers
REGIONAL VOLUME VARIATION - Co said net sales growth was driven by volume increases in most regions, but offset by declines in Europe
PERFORMANCE COATINGS PRESSURE - Lower volumes and higher raw material and freight costs weighed on Performance Coatings results
MOBILITY COATINGS GROWTH - Record Mobility Coatings sales driven by higher volumes, especially in North American commercial vehicles

Company press release: ID:nGNX9sLWKb

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Miss
$1.31 bln
$1.33 bln (15 Analysts)
Q3 Adjusted EPS
Miss
$0.63
$0.70 (17 Analysts)
Q3 EPS
 
$0.44
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 11 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the commodity chemicals peer group is "buy"
Wall Street's median 12-month price target for Axalta Coating Systems Ltd. is $38.50, about 11.1% above its October 28 closing price of $34.64
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)