Axalta reports record results in Q3 2025 – twelfth consecutive quarter of EBITDA growth

Axalta Coating Systems Ltd. (NYSE: AXTA) achieved a record adjusted EBITDA of EUR 270 million in the third quarter of 2025. The adjusted EBITDA margin increased by 70 basis points to 22.8 %, marking the twelfth consecutive quarter of margin improvement. Net income rose by EUR 7.4 million to EUR 101 million, corresponding to a net margin of 8.5 %.

Net sales declined slightly by 2 % to EUR 1.20 billion. While demand in the Mobility Coatings segment improved, softer demand in North America weighed on the Performance Coatings business.

“We delivered another strong quarter with record adjusted EBITDA and adjusted EPS,” said Chris Villavarayan, CEO and President of Axalta. “Our focus on operational excellence continues to pay off, and we are well prepared for 2026.”

Segment performance

The Performance Coatings segment recorded EUR 762 million in sales (−6 %). Refinish sales declined by 7 %, while Industrial applications fell by 4 %. Despite the lower revenue, profitability remained solid: the segment margin rose slightly to 25.5 %.

Mobility Coatings posted a new quarterly record with EUR 424 million in sales (+4 %), driven by favourable price-mix effects and stable demand in China and Latin America. Adjusted EBITDA for the segment rose 20 % to EUR 76 million, resulting in a margin of 18.0 %.

Capital allocation

During the quarter, Axalta repurchased EUR 92 million worth of shares (3.3 million shares). For the fourth quarter, the company plans to spend up to EUR 230 million on further buybacks.

Outlook

For full-year 2025, Axalta expects an adjusted EBITDA of around EUR 1.05 billion, an adjusted EPS of approximately EUR 2.30, and a free cash flow of about EUR 414 million.

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