The coatings maker reported a 22.7% margin and record net sales of $474 million in Mobility, offsetting macro headwinds.
Axalta Coating Systems delivered record adjusted EBITDA of $305 million in Q2 2026, up on disciplined cost execution and a favorable business mix. Margins hit a multi-year high of 22.7%, supported by lower operating expenses and a 2% decline in variable input costs.
Refinish segment growth reached 6%, driven by destocking abatement and 1,900 net new body shops in the first half. Mobility net sales surged to $474 million, fueled by North American Class 8 truck production and commercial transportation expansion. Industrial margins expanded for the 13th straight quarter despite a choppy North American macro environment.
The company maintained full-year 2026 guidance, projecting Q3 adjusted EBITDA between $295 million and $305 million. Net leverage fell to a historic low of 2.2x, strengthening the balance sheet ahead of a pending merger.