Core Insights - The "2025 Global Industrial Paint Brand Top 30" list was published by Coatings World, ranking brands based on their industrial paint sales revenue for the fiscal year 2024, with a minimum entry threshold of $260 million [1][10] - The total sales revenue of the listed companies reached $53.9394 billion, accounting for 51.60% of the global industrial paint market [1][10] - The top ten brands generated a total sales revenue of $44.068 billion, a decrease of $2.989 billion from the previous year, representing 42.17% of the global market share, down 1.89 percentage points [1][15] Market Overview - The global industrial paint market is valued at approximately $104.5 billion in 2024, showing a decline compared to the previous year [3] - The market remains fragmented, with a CR10 of less than 43%, indicating no monopoly [17] - High concentration exists in specific segments such as automotive, marine, and aerospace coatings, with the top 10 brands holding 89% and 92% of the respective markets [17] Brand Performance - PPG Industries leads the ranking with sales of $10.9 billion, followed by Sherwin-Williams at $8.05 billion and AkzoNobel at $6.731 billion [12][14] - Other notable brands include Axalta, BASF, Nippon Paint, Kansai, Jotun, and Hempel, with revenues ranging from $5.276 billion to $2.623 billion [14][24] - Chinese brands such as Xiangjiang Paint, Dewey, and Megachem have made significant strides, with Xiangjiang Paint maintaining its position as the top Chinese brand at $530.7 million [21][22][23] Regional Distribution - The majority of top brands are located in developed countries, with the U.S. having six brands, Japan five, and Germany four [18] - China's industrial paint sector is robust, with a total revenue of approximately 408.903 billion yuan ($56.4 billion) in 2024, with industrial paint accounting for over 70% [20] Financial Highlights - PPG's industrial paint revenue decreased by 5.7% to $6.687 billion, while Sherwin-Williams' industrial paint revenue grew by 0.63% to approximately $8.0503 billion [3][4] - AkzoNobel's industrial paint revenue fell by 2% to $2.036 billion, while other brands like Kansai and Jotun reported growth in their industrial paint segments [4][6][7] - Megachem reported a remarkable growth of 87.56% in revenue, reaching $2.139 billion, driven by strong demand in the container paint market [23]

Core Insights - Axalta Coating Systems reported revenue of $1.31 billion for the quarter ended June 2025, a decrease of 3.4% year-over-year, with EPS at $0.64, up from $0.57 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $1.32 billion, resulting in a surprise of -1.33%, while the EPS exceeded the consensus estimate of $0.61 by 4.92% [1] Financial Performance - Total sales in Performance Coatings were $836 million, below the average estimate of $872.1 million, reflecting a year-over-year decline of 5.8% [4] - Total sales in Mobility Coatings reached $469 million, slightly above the average estimate of $463.08 million, marking a year-over-year increase of 1.1% [4] - Sales in Mobility Coatings for commercial vehicles were $107 million, compared to an estimate of $100.02 million, showing a decline of 2.7% year-over-year [4] - Sales in Performance Coatings for industrial applications were $322 million, below the average estimate of $327.45 million, representing a year-over-year decrease of 5.6% [4] - Sales in Mobility Coatings for light vehicles were $362 million, slightly below the estimate of $363.06 million, with a year-over-year increase of 2.3% [4] - Sales in Performance Coatings for refinish applications were $514 million, below the average estimate of $544.4 million, reflecting a year-over-year decline of 5.9% [4] - Adjusted EBIT for Mobility Coatings was $92 million, exceeding the estimate of $74.79 million [4] - Adjusted EBIT for Performance Coatings was $200 million, below the average estimate of $209.59 million [4] Market Performance - Axalta Coating Systems' shares have returned -5.9% over the past month, contrasting with the Zacks S&P 500 composite's increase of 3.4% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 001-36733 AXALTA COATING SYSTEMS LTD. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or ...

Financial Data and Key Metrics Changes - Net sales for Q2 2025 were reported at $1,300 million, a decrease of approximately 3% year over year, primarily due to lower volumes in Performance Coatings [19][21] - Adjusted EBITDA reached a record $292 million, slightly up from the previous year, with an adjusted EBITDA margin expanding by 90 basis points to 22.4% [20][21] - Cash flow from operations increased by 25% year over year, totaling $142 million, while free cash flow was reported at $101 million [10][21] Business Line Data and Key Metrics Changes - Performance Coatings net sales declined 6% year over year to $836 million, driven by lower volumes and unfavorable price mix, particularly in North America [21][22] - Refinish net sales decreased 6% to $514 million, with organic sales down in high single digits due to industry softness and distributor inventory corrections [22] - Mobility Coatings reported net sales of $469 million, a 1% increase from the prior year, with organic sales contributing approximately 2% growth [24][25] Market Data and Key Metrics Changes - The Refinish market in North America faced challenges, with claims reported through Q1 significantly lower, leading to a decline in volumes despite stable collision rates [11][12] - Inflationary pressures are beginning to moderate, particularly in repair expenses and insurance premiums, which may positively impact future claims [13] - The commercial vehicle market is expected to decline by 25% to 30%, while Axalta anticipates a 1% to 2% increase in its commercial vehicle sales due to strong performance in the commercial transportation solutions business [70] Company Strategy and Development Direction - The company remains focused on its A Plan strategy, emphasizing operational excellence and cost management, which has driven approximately $40 million in cost savings [15][17] - Axalta is committed to innovation, with plans to launch new products and expand into underrepresented geographies, particularly in the Mobility segment [33][36] - The company aims to strengthen its leadership in the Refinish market and expand into adjacencies through strategic bolt-on M&A [35][36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the stabilization of the Refinish market, anticipating improvements in consumer confidence and repair environments by 2026 [14][46] - The company expects net sales to decline in Q3 but anticipates a record Q3 performance due to stabilization in the marketplace [46][30] - For the full year, adjusted EBITDA is projected to be between $1,140 million and $1,165 million, reflecting disciplined execution and pricing resilience [30][31] Other Important Information - Axalta executed $65 million in share repurchases during the quarter and plans to maintain this pace throughout the year [10][26] - The company has improved its safety record by 55% year over year, reinforcing its commitment to achieving zero incidents [15][16] - Total net leverage ratio remains at 2.5 times, consistent with A Plan targets, providing flexibility for capital deployment [28] Q&A Session Summary Question: Assessment of the Refinish market and future outlook - Management noted that while accidents are down 1% to 2%, claims are lower due to rising repair costs and insurance premiums, but they expect stabilization in the market by 2026 [41][42][46] Question: Update on cost improvement and margin expectations - Management highlighted that they are ahead of plan in cost management and operational excellence, with significant opportunities for further margin improvement [49][50][53] Question: Organic net sales performance relative to industry - Mobility segment performed well, with growth in three out of four markets, while Refinish faced challenges but continued to outperform in Europe and other regions [58][61] Question: Guidance for Q4 and visibility on Refinish - Management expressed confidence in sequential stability for Refinish and anticipates a positive inflection in Q4, supported by new business wins and market stabilization [100][98] Question: Pricing dynamics in Performance Coatings - Management explained that the decline in price mix was due to a shift towards mainstream and economy segments, which have lower price points but are strategically important for growth [104][105]

Financial Data and Key Metrics Changes - Axalta reported net sales of just over $1.3 billion, in line with guidance, with adjusted EBITDA reaching $292 million and margins exceeding 22%, marking the fifth consecutive quarter of adjusted EBITDA margins at or above the 21% target [7][17][28] - Adjusted diluted earnings per share increased by 5% to $0.64, driven by lower interest expenses and reduced shares outstanding due to share repurchases [19][28] - Cash flow from operations increased by 25% year over year, resulting in free cash flow of $101 million [8][19] Business Line Data and Key Metrics Changes - Performance Coatings net sales declined by 6% year over year to $836 million, primarily due to lower volumes and unfavorable price mix in North America [20] - Refinish net sales decreased by 6% to $514 million, with organic sales down in high single digits due to industry softness and distributor inventory corrections [20][21] - Mobility Coatings reported net sales of $469 million, a 1% increase from the prior year, with organic sales contributing approximately 2% growth [23] Market Data and Key Metrics Changes - The Refinish market in North America faced challenges, with collision claims reported through Q1 significantly lower, despite collision frequency remaining stable [9][10] - Inflationary pressures are beginning to moderate, particularly in repair expenses and insurance premiums, which may lead to an improved repair environment [12] - The company continues to gain market share, adding 1,600 net new body shops year to date, building on over 2,800 wins in 2024 [11][32] Company Strategy and Development Direction - Axalta remains focused on its A Plan strategy, emphasizing operational excellence and cost management, which has driven approximately $40 million in cost savings [14][29] - The company is committed to achieving zero incidents in safety, improving its safety record by 55% year over year [14] - Axalta plans to expand its digital platform, Nimbus, to 40,000 body shops by 2026, enhancing customer engagement and operational efficiency [32] Management's Comments on Operating Environment and Future Outlook - Management anticipates that the softer demand environment will persist longer than previously expected, with net sales projected to decline in the low single digits for Q3 [26][28] - The company expects adjusted EBITDA margins to remain around 22% or above for the full year, reflecting disciplined execution and pricing resilience [28] - Management remains optimistic about the long-term growth trajectory, particularly in the Refinish and Mobility segments, despite current market challenges [30][34] Other Important Information - Axalta executed $65 million in share repurchases during the quarter and plans to maintain this pace throughout the year [8][25] - The company has streamlined operations by closing three manufacturing plants in the last year, positioning itself for growth when industry volumes rebound [14][34] Q&A Session Summary Question: Assessment of the Refinish market challenges - Management noted that while accidents are down 1% to 2%, claims are lower due to rising insurance costs and repair expenses, but they expect stabilization in the market by 2026 [39][41][44] Question: Update on cost improvement and margin story - Management expressed optimism about ongoing cost improvements and operational excellence, indicating that there is still significant potential for margin growth [46][49][52] Question: Organic net sales performance relative to industry - Axalta's organic sales were down about 3%, with Mobility performing well, while Refinish faced challenges primarily in North America [56][59] Question: Impact of auto sales pull forward on production - Management indicated that while North America faced some customer shutdowns, growth continued in China and Latin America, with expectations for consistent volumes moving forward [64][66] Question: Incremental revenue from new body shop wins - Management highlighted that they have added 1,600 new body shops year to date, with a strong focus on mainstream and economy segments, which aligns with their growth strategy [70][72] Question: Concerns about Refinish top-line performance - Management reassured that the current performance is temporary, with ongoing wins in Refinish and expectations for market improvement [75][76] Question: Future growth opportunities and portfolio adjustments - Management plans to provide a new A Plan by early next year, outlining growth opportunities and potential portfolio adjustments [84][85]

Axalta Coating Systems (AXTA) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.57 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +4.92%. A quarter ago, it was expected that this high- performance coating system maker would post earnings of $0.54 per share when it actually produced earnings of $0.59, delivering a surprise of +9.26%. O ...

July 30, 2025 Axalta Coating Systems Q2 2025 Financial Results 1 Sensitivity: Business Internal Legal Notices Forward-Looking Statements This presentation and the oral remarks made in connection herewith may contain certain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 regarding Axalta and its subsidiaries including, but not limited to, our outlook and/or guidance, which includes net sales growth, net sales, Adjusted EBITDA, Adjusted Diluted EPS, ...

News Release Axalta Coating Systems 1050 Constitution Avenue Philadelphia, PA 19112 USA Investor Contact Colleen Lubic D +1 610-999-9407 Colleen.Lubic@axalta.com Media Contact Corporate Communications axalta-media-relations@axalta.com Immediate Release Axalta Releases Second Quarter 2025 Results PHILADELPHIA, PA, July 30, 2025 - Axalta Coating Systems Ltd. (NYSE:AXTA) ("Axalta"), a leading global coatings company, announced its financial results for the second quarter ended June 30, 2025. Second Quarter 202 ...

PHILADELPHIA, July 30, 2025 (GLOBE NEWSWIRE) -- Axalta Coating Systems Ltd. (NYSE:AXTA) ("Axalta"), a leading global coatings company, announced its financial results for the second quarter ended June 30, 2025. Second Quarter 2025 Highlights: "We delivered another excellent quarter, setting new records for Adjusted EBITDA and Adjusted Diluted EPS," said Chris Villavarayan, CEO and President of Axalta. "Our performance reflects Axalta's drive for operational excellence, and our commitment to meet financial t ...

Core Viewpoint - Axalta Coating Systems is set to release its second quarter 2025 financial results on July 30, 2025, at 6 a.m. ET, with a conference call scheduled for 8 a.m. ET on the same day to discuss the financial performance [1][2]. Company Overview - Axalta is a global leader in the coatings industry, providing innovative and sustainable coatings solutions for various applications, including light vehicles, commercial vehicles, and industrial uses [4]. - The company has over 150 years of experience in the coatings industry and serves more than 100,000 customers in over 140 countries [4].