Axalta Coating Systems Ltd. filed its Form 10-Q for the quarterly period ended September 30, 2026, reporting net sales of $1,311 million and net income attributable to common shareholders of $95 million for the three-month period.

Key Highlights

  • Net sales: $1,311 million for the three months ended September 30, 2026, compared with $1,288 million in the same period of 2025, according to the filing.
  • Net income attributable to common shareholders: $95 million for Q3 2026, versus $110 million in Q3 2025, as reported in the condensed consolidated statements of operations.
  • Diluted net income per share: $0.44 for the three months ended September 30, 2026, compared with $0.51 in Q3 2025.
  • Nine-month net sales: $3,911 million for the nine months ended September 30, 2026, versus $3,855 million for the same period in 2025.
  • Total assets: $7,747 million as of September 30, 2026, up from $7,599 million at December 31, 2025.
  • Shares outstanding: As of October 22, 2026, there were 214,045,097 common shares outstanding, the filing disclosed.

Axalta's Coatings Business: Third-Quarter 2026 Financial Position and Performance

Axalta Coating Systems Ltd. (NYSE:AXTA), a Bermuda-incorporated coatings company headquartered in Philadelphia, Pennsylvania, reported net sales of $1,311 million for the three months ended September 30, 2026, according to its unaudited condensed consolidated statements of operations. Cost of goods sold for the quarter was $877 million, and income from operations was $165 million, compared with $204 million in Q3 2025. The provision for income taxes in the quarter was $33 million, resulting in net income of $95 million.

For the nine months ended September 30, 2026, the filing reported net sales of $3,911 million and income from operations of $478 million, compared with $3,855 million and $573 million, respectively, for the same period in 2025. Net income attributable to common shareholders for the nine-month period was $274 million, or $1.28 per diluted share, versus $318 million, or $1.46 per diluted share, in the prior-year period. Other operating charges increased to $92 million for the nine months ended September 30, 2026, from $32 million in the comparable 2025 period.

The condensed consolidated balance sheet as of September 30, 2026, showed total shareholders' equity of $2,666 million, up from $2,393 million at December 31, 2025. Retained earnings grew to $2,329 million from $2,055 million over the same span. Long-term borrowings declined to $2,476 million from $3,179 million at year-end 2025, while the current portion of borrowings rose to $519 million from $20 million, reflecting a shift in debt maturity profile as disclosed in the filing. Cash and cash equivalents stood at $650 million as of September 30, 2026, compared with $657 million at December 31, 2025.

What Was Disclosed

Axalta Coating Systems Ltd. filed a quarterly report on Form 10-Q covering the period ended September 30, 2026, disclosing unaudited financial statements, including income, balance sheet, and cash flow data, along with management's discussion of results and risk factors.