Axalta Coating Systems ( (AXTA) ) has released its Q1 earnings. Here is a breakdown of the information Axalta Coating Systems presented to its investors.
Axalta Coating Systems is a global leader in the coatings industry, providing innovative and sustainable solutions for a wide range of applications, including automotive, industrial, and commercial sectors. With over 150 years of experience, the company serves more than 100,000 customers across 140 countries.
In its first quarter of 2025, Axalta Coating Systems reported a net sales figure of $1.26 billion, reflecting a 3% decrease year-over-year due to foreign currency headwinds and volume declines. Despite this, the company achieved a significant increase in net income, which rose by 154% to $99 million, and a record first quarter Adjusted EBITDA of $270 million.
Key financial highlights for the quarter include a 150% increase in diluted earnings per share to $0.45 and a 16% rise in Adjusted Diluted EPS to $0.59. The company’s Performance Coatings segment saw a slight decline in net sales, while the Mobility Coatings segment experienced a minor decrease. However, both segments improved their Adjusted EBITDA margins, driven by lower operating and variable costs.
Looking ahead, Axalta remains committed to its strategic initiatives, focusing on operational excellence and customer service. The company projects continued growth in Adjusted EBITDA and Adjusted Diluted EPS for the full year 2025, despite challenging global economic conditions.