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The financials
Axalta Coating Systems Ltd. by the numbers
Axalta Coating Systems Ltd. (AXTA) reported revenue of $1.25B in Q1 2026 (quarter ended Mar 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 Jun 2026 was Refinish at $545M, 40% of the disclosed total, ahead of Light Vehicle at 27%.
| 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 | $545M | 40% |
| Light Vehicle | $360M | 27% |
| Industrial | $327M | 24% |
| Commercial Vehicle | $114M | 8.5% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Jun 2026Total $1.35B (+7.3%)
Commercial Vehicle grew +6.5% year on yearLight Vehicle -0.55% year on year
Segment Latestquarter on quarteryear on year
- Refinish$545.0M$545.0MQoQ +9.4%year on year +6.0%+9.4%+6.0%
- Light Vehicle$360.0M$360.0MQoQ +3.2%year on year -0.55%+3.2%-0.55%
- Industrial$327.0M$327.0MQoQ +7.6%year on year +1.6%+7.6%+1.6%
- Commercial Vehicle$114.0M$114.0MQoQ +11%year on year +6.5%+11%+6.5%
Specialty Chemicals
Ranks #12 of 27 by Smart Score