The financials
Axalta Coating Systems Ltd. by the numbers
Axalta Coating Systems Ltd. (AXTA) reported revenue of $1.25B in Q1 2026 (quarter ended March 31, 2026), down 0.6% from the same quarter a year earlier. That came with a gross margin of 33% and net income of $90M (7.2% of revenue). For the full year FY2025, revenue was $5.12B (−3.0% year on year) and net income $378M. Its largest product in 2026-Q1 was Refinish at $498M, 40% of the disclosed total, just ahead of Light Vehicle at 28%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $1.25B | $1.26B | −0.6% |
| Gross profit | $416M | $433M | −3.9% |
| Operating income | $146M | $176M | −17% |
| Net income | $90M | $99M | −9.1% |
| Diluted EPS | $0.42 | $0.45 | −6.7% |
| Product | Revenue | Share |
|---|---|---|
| Refinish | $498M | 40% |
| Light Vehicle | $349M | 28% |
| Industrial | $304M | 24% |
| Commercial Vehicle | $103M | 8.2% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $1.25B (-2.6%)
Commercial Vehicle grew +3.0% year on yearRefinish -2.5% year on year
Segment Latestquarter on quarteryear on year
- Refinish$498.0M$498.0MQoQ -3.7%year on year -2.5%-3.7%-2.5%
- Light Vehicle$349.0M$349.0MQoQ -4.1%year on year +2.6%-4.1%+2.6%
- Industrial$304.0M$304.0MQoQ -2.3%year on year -2.3%-2.3%-2.3%
- Commercial Vehicle$103.0M$103.0MQoQ +7.3%year on year +3.0%+7.3%+3.0%
Specialty Chemicals
Ranks #21 of 36 by Smart Score