Track market-moving stories before they get noisy

The market expects Axalta Coating Systems (AXTA - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on October 29, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis high-performance coating system maker is expected to post quarterly earnings of $0.71 per share in its upcoming report, which represents a year-over-year change of +6%.

Revenues are expected to be $1.33 billion, up 3.6% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.75% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Axalta Coating Systems?For Axalta Coating Systems, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.30%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that Axalta Coating Systems will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Axalta Coating Systems would post earnings of $0.65 per share when it actually produced earnings of $0.72, delivering a surprise of +10.77%.

Over the last four quarters, the company has beaten consensus EPS estimates three times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Axalta Coating Systems appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Report explores the consumer, cultural and design influences expected to impact vehicle color over the next three to five years

PHILADELPHIA, Oct. 20, 2026 (GLOBE NEWSWIRE) -- Axalta (NYSE: AXTA), a leading global coatings company, today released its 2026-2027 Global Automotive Color Trends Report, offering vehicle manufacturers and designers a forward-looking view of the consumer, cultural and design influences expected to shape automotive color over the next three to five years.

Developed by Axalta's global color experts, the report explores how changing consumer expectations around wellness, authenticity, technology, sustainability and personal expression are influencing the future of vehicle color. As automotive brands seek new ways to differentiate themselves and connect with customers, color is increasingly becoming a tool for communicating vehicle character, brand identity and emotional value.

"Color is no longer just an aesthetic choice. It has become a tool for brands to differentiate themselves and promote emotional connection," said Radovan Dimovski, Global Product Manager of Color. "Our 2026-2027 trends reflect a changing marketplace where consumers are looking for color experiences that balance optimism, innovation, comfort and individuality."

The report identifies four key automotive color trends expected to influence future vehicle design:

Beyond Quiet: Strength in Softness explores the evolution of pastel-inspired hues into more sophisticated, premium color expressions. These softer shades reflect growing consumer demand for calm, optimism and approachability while maintaining confidence and contemporary appeal.

Luxury 2.0 Beyond the Pomp & Into the Soul highlights the rise of deeper reds and browns that communicate authenticity, craftsmanship and emotional richness. These colors reflect a shift toward a more personal and human-centered interpretation of luxury and premium design.

Deep Dive: Just Beyond Depth examines the convergence of technology and nature through colors that evoke trust, stability, innovation and the growing appreciation for natural influences. These hues align closely with themes shaping the mobility industry, including electrification and digital transformation.

Beyond Ordinary: The Power of Essentials demonstrates how traditional whites, blacks, grays and silvers continue to serve as the foundation of automotive color while evolving through advanced effects, finishes and nuanced undertones that create greater differentiation and premium appeal.

Axalta's global color forecasting process draws inspiration from a broad range of industries, including automotive, architecture, consumer products, fashion and technology. By combining trend analysis, consumer insights and color science expertise, Axalta helps automotive manufacturers anticipate future preferences and develop color strategies that resonate with evolving consumer expectations. The resulting insights are showcased through Axalta's global color shows, immersive presentations across the globe, hosted by Axalta’s color experts, that bring future color direction to life through curated palettes, painted vehicle-form panels and innovative coating technologies. Designed for OEM design and color teams, the shows demonstrate how emerging consumer and design trends can be translated into manufacturable colors that inspire the next generation of vehicles.

The 2026-2027 Global Automotive Color Trends Report is the latest example of Axalta's ongoing commitment to helping customers navigate the future of mobility through innovative color solutions and industry-leading expertise.

For more information about Axalta's color capabilities and to read the whole report, visit axalta.com/color.

About Axalta
Axalta is a global leader in the coatings industry, providing customers with innovative, colorful, beautiful and sustainable coatings solutions. From light vehicles, commercial vehicles and refinish applications to electric motors, building facades and other industrial applications, our coatings are designed to prevent corrosion, increase productivity and enhance durability. With more than 150 years of experience in the coatings industry, the global team at Axalta continues to find ways to serve our more than 100,000 customers in over 140 countries better every day with the finest coatings, application systems and technology. For more information visit axalta.com and follow us on LinkedIn.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8e459676-d06d-4287-8495-da5fab3822fd

Dulux paint maker AkzoNobel (AKZO.AS) and US peer Axalta ​Coating Systems (AXTA.N) have offered remedies in ‌an effort to secure EU antitrust approval for their $25 billion merger, a European Commission ​filing showed on Friday.

The companies put ​in their offer on Thursday, automatically ⁠triggering a 10 working day extension ​of the Commission's deadline to November. The ​EU competition enforcer did not provide details of the concessions in line with its policy.

The companies will ​offer to sell AkzoNobel's vehicle refinish ​business to address competition concerns and expect to ‌secure ⁠EU clearance at the end of the preliminary review, sources told Reuters last week.

The Commission is expected to seek feedback ​from rivals ​and ⁠customers before deciding whether to give the deal the green ​light, demand more or open a ​full-scale ⁠investigation.

Axalta exclusively makes coatings, with a strong presence in the US market. BASF's (BASFn.DE) ⁠coatings ​business, Nippon Paint (4612.T), Sherwin-Williams (SHW.N) ​and Kansai Nerolac (KANE.NS) compete with AkzoNobel and Axalta.

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Axalta Coating Systems (AXTA - Free Report) , which belongs to the Zacks Chemical - Specialty industry.

When looking at the last two reports, this high-performance coating system maker has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 11.38%, on average, in the last two quarters.

For the most recent quarter, Axalta Coating Systems was expected to post earnings of $0.65 per share, but it reported $0.72 per share instead, representing a surprise of 10.77%. For the previous quarter, the consensus estimate was $0.5 per share, while it actually produced $0.56 per share, a surprise of 12.00%.

Price and EPS Surprise

Thanks in part to this history, there has been a favorable change in earnings estimates for Axalta Coating Systems lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Axalta Coating Systems currently has an Earnings ESP of +0.51%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #2 (Buy) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on October 29, 2026.

Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.

Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

The price trend for Axalta Coating Systems (AXTA - Free Report) has been bearish lately and the stock has lost 11.5% over the past four weeks. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support.

The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish case for the stock. On the fundamental side, strong agreement among Wall Street analysts in raising earnings estimates for this high-performance coating system maker enhances its prospects of a trend reversal.

Understanding Hammer Chart and the Technique to Trade ItThis is one of the popular price patterns in candlestick charting. A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). The length of the lower wick being at least twice the length of the real body, the candle resembles a 'hammer.'

In simple terms, during a downtrend, with bears having absolute control, a stock usually opens lower compared to the previous day's close, and again closes lower. On the day the hammer pattern is formed, maintaining the downtrend, the stock makes a new low. However, after eventually finding support at the low of the day, some amount of buying interest emerges, pushing the stock up to close the session near or slightly above its opening price.

When it occurs at the bottom of a downtrend, this pattern signals that the bears might have lost control over the price. And, the success of bulls in stopping the price from falling further indicates a potential trend reversal.

Hammer candles can occur on any timeframe -- such as one-minute, daily, weekly -- and are utilized by both short-term as well as long-term investors.

Like every technical indicator, the hammer chart pattern has its limitations. Particularly, as the strength of a hammer depends on its placement on the chart, it should always be used in conjunction with other bullish indicators.

Here's What Makes the Trend Reversal More Likely for AXTAAn upward trend in earnings estimate revisions that AXTA has been witnessing lately can certainly be considered a bullish indicator on the fundamental side. That's because empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.

The consensus EPS estimate for the current year has increased 0.2% over the last 30 days. This means that the Wall Street analysts covering AXTA are majorly in agreement about the company's potential to report better earnings than what they predicted earlier.

If this is not enough, you should note that AXTA currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. And stocks carrying a Zacks Rank #1 or 2 usually outperform the market. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Moreover, the Zacks Rank has proven to be an excellent timing indicator, helping investors identify precisely when a company's prospects are beginning to improve. So, for the shares of Axalta Coating Systems, a Zacks Rank of 2 is a more conclusive fundamental indication of a potential turnaround.

Investors interested in Chemical - Specialty stocks are likely familiar with Axalta Coating Systems (AXTA) and Hawkins (HWKN). But which of these two stocks is more attractive to value investors?

PHILADELPHIA, Sept. 16, 2026 (GLOBE NEWSWIRE) -- Axalta Coating Systems (NYSE: AXTA), a leading global coatings company, today announced that Dr. Robert K. Roop, Senior Vice President and Chief Technology Officer, has received the 2026 Paint & Coatings Industry (PCI) Lifetime Achievement Award. Roop was recognized this morning during the Coatings Trends & Technologies Summit in Lombard, Illinois, for his nearly four decades of technical leadership, innovation and impact to the coatings industry.

The PCI Lifetime Achievement Award recognizes individuals whose outstanding contributions over the course of their careers have advanced the coatings industry. Roop was selected for the breadth and lasting impact of his career, including his leadership in technical innovation, his ability to connect science with customer and business needs, and his commitment to developing the next generation of scientists, engineers and technical leaders.

“Robert’s impact on Axalta and the coatings industry extends far beyond any single technology or achievement,” said Chris Villavarayan, Chief Executive Officer and President of Axalta. “Throughout his career, he has demonstrated an exceptional ability to turn chemistry into meaningful solutions for our customers while building and developing world-class technical teams. His leadership, passion for innovation and commitment to people have helped shape Axalta into the technology leader we are today. We are incredibly proud to see Robert receive this well-deserved recognition.”

Roop began his career with DuPont in 1989, holding increasingly senior roles across research, product development, manufacturing, plant management and global technology leadership before joining Axalta when it became an independent company in 2013. Since becoming Axalta’s Chief Technology Officer in 2019, he has led a global organization of approximately 1,300 scientists, engineers and technical professionals across 21 product development laboratories worldwide.

Throughout his career, Roop has helped advance and commercialize coatings technologies for the Transportation and Industrial markets, consistently applying deep technical knowledge and disciplined innovation methods to solve complex business and industry challenges. Under his technical leadership, Axalta technologies have earned 39 external awards since 2019, including nine R&D 100 recognitions, eleven BIG Innovation Awards and nineteen Edison Awards.

Beyond advancing coatings technology, Roop has remained deeply committed to developing people and strengthening Axalta’s technical capabilities. His leadership has helped foster a culture of technical excellence, collaboration and customer-focused innovation across the company’s global technology organization.

“I’ve always been passionate about solving challenging problems through science, but the most rewarding part of my career has been working with talented people and helping them grow,” said Roop. “Seeing the next generation of technical leaders develop and succeed is what continues to motivate me.”

To hear Roop reflect on his career, approach to innovation and perspective on the future of the coatings industry, listen to his interview on PCI’s Coat It! Podcast here.

About Axalta

Axalta is a global leader in the coatings industry, providing customers with innovative, colorful, beautiful and sustainable coatings solutions. From light vehicles, commercial vehicles and refinish applications to electric motors, building facades and other industrial applications, our coatings are designed to prevent corrosion, increase productivity and enhance durability. With more than 150 years of experience in the coatings industry, the global team at Axalta continues to find ways to serve our more than 100,000 customers in over 140 countries better every day with the finest coatings, application systems and technology. For more information visit axalta.com and follow us on LinkedIn.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b7c3cceb-65ed-4df3-979c-b46204647e29

Amundi boosted its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA – Free Report) by 32.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 841,326 shares of the specialty chemicals company’s stock after purchasing an additional 203,829 shares during the quarter. Amundi owned approximately 0.39% of Axalta Coating Systems worth $28,790,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Mint Tower Capital Management B.V. purchased a new stake in shares of Axalta Coating Systems during the second quarter worth approximately $31,000. Covestor Ltd lifted its stake in Axalta Coating Systems by 197.7% in the fourth quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock worth $29,000 after acquiring an additional 603 shares during the last quarter. Summit Securities Group LLC acquired a new position in Axalta Coating Systems during the 4th quarter worth approximately $32,000. Los Angeles Capital Management LLC acquired a new position in Axalta Coating Systems during the 4th quarter worth approximately $35,000. Finally, Cedar Mountain Advisors LLC purchased a new stake in shares of Axalta Coating Systems in the 1st quarter valued at approximately $30,000. Institutional investors and hedge funds own 98.28% of the company’s stock.

Analysts Set New Price Targets A number of brokerages recently commented on AXTA. KeyCorp began coverage on shares of Axalta Coating Systems in a research note on Friday. They set an “overweight” rating and a $47.00 target price for the company. Weiss Ratings upgraded Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. BMO Capital Markets lifted their price target on Axalta Coating Systems from $35.00 to $39.00 and gave the stock a “market perform” rating in a report on Wednesday, July 29th. Wall Street Zen cut Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 10th. Finally, Citigroup initiated coverage on Axalta Coating Systems in a report on Thursday, June 4th. They issued a “buy” rating and a $44.00 price objective on the stock. Five equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $36.85.

Get Our Latest Research Report on Axalta Coating Systems Axalta Coating Systems Trading Up 0.6% Shares of Axalta Coating Systems stock opened at $34.24 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.12 and a current ratio of 1.53. The company has a market capitalization of $7.33 billion, a P/E ratio of 21.13, a PEG ratio of 1.57 and a beta of 1.24. Axalta Coating Systems Ltd. has a 1 year low of $24.94 and a 1 year high of $38.61. The company’s fifty day moving average is $35.13 and its two-hundred day moving average is $31.84.

Axalta Coating Systems (NYSE:AXTA – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. Axalta Coating Systems had a return on equity of 22.35% and a net margin of 6.78%.The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the company earned $0.64 EPS. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. Axalta Coating Systems has set its FY 2026 guidance at 2.550-2.700 EPS and its Q3 2026 guidance at 0.700-0.700 EPS. Analysts forecast that Axalta Coating Systems Ltd. will post 2.64 earnings per share for the current year.

Key Stories Impacting Axalta Coating Systems Here are the key news stories impacting Axalta Coating Systems this week:

Positive Sentiment: KeyCorp initiated coverage with an “overweight” rating and a $47 price target, implying substantial upside from the recent trading level. The bullish rating is likely the main catalyst supporting AXTA’s move higher. KeyCorp initiates coverage of Axalta Coating Systems Positive Sentiment: KeyCorp expects Axalta to earn approximately $3.00 per share in fiscal 2027 and $3.20 in fiscal 2028, well above the current-year consensus estimate of $2.64. The projections suggest confidence in longer-term earnings growth and could support investor interest. Neutral Sentiment: KeyCorp’s quarterly estimates call for $0.72 EPS in the third quarter of 2026 and $0.67 EPS in the fourth quarter. These forecasts provide an updated earnings framework but do not represent a change to company guidance. Neutral Sentiment: A Zacks comparison examines whether Axalta or Hawkins (HWKN) offers the better value among specialty chemical stocks. The article may influence value-focused investors, although the provided report does not identify a definitive winner or announce a fundamental change at Axalta. AXTA versus HWKN value comparison (Free Report)

Axalta Coating Systems Ltd. is a global coatings company that develops, manufactures and sells protective, decorative and functional coatings. Its products are used by automotive manufacturers, vehicle repair and refinish businesses, industrial equipment producers, commercial transportation companies and other customers seeking to protect surfaces from corrosion, weathering and wear.

The company’s offerings include liquid and powder coatings, primers, clearcoats, electrocoat systems, sealants and other coating technologies.

Further Reading Five stocks we like better than Axalta Coating Systems Block Makes a Federal Trust Bank Move That Could Reshape Its Fintech Model Kroger’s Textbook Entry for Buy-and-Hold Investors AST SpaceMobile Looks to Extend Its 30-Day FCC Satellite Testing Window Amgen Drops 10% on a Trial It Didn’t Even Run

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Axalta Coating Systems is leveraging digital color management and operational efficiency to compete on repair cost, not just paint pricing. AXTA's Q2 2026 results show margin expansion and deleveraging, but volume recovery remains muted and headline growth is aided by price/mix and acquisitions. The pending AkzoNobel merger offers $600M in targeted synergies, but value creation hinges on execution, integration, and sustaining customer productivity advantages.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 20,047 shares of the specialty chemicals company’s stock, valued at approximately $686,000.

Several other large investors also recently made changes to their positions in AXTA. BlackRock Inc. bought a new stake in Axalta Coating Systems in the 2nd quarter valued at $668,541,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Axalta Coating Systems in the 2nd quarter worth $599,029,000. Artisan Partners Limited Partnership increased its holdings in Axalta Coating Systems by 887.2% during the 4th quarter. Artisan Partners Limited Partnership now owns 12,575,932 shares of the specialty chemicals company’s stock worth $406,328,000 after purchasing an additional 11,301,977 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Axalta Coating Systems by 10.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,695,348 shares of the specialty chemicals company’s stock worth $213,143,000 after purchasing an additional 754,098 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Axalta Coating Systems by 64.9% in the 3rd quarter. AQR Capital Management LLC now owns 3,825,946 shares of the specialty chemicals company’s stock valued at $107,739,000 after purchasing an additional 1,506,083 shares during the period. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Stock Down 1.4% Shares of AXTA stock opened at $36.52 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 1.12 and a debt-to-equity ratio of 0.99. Axalta Coating Systems Ltd. has a 1 year low of $24.94 and a 1 year high of $38.61. The firm’s fifty day moving average price is $35.00 and its two-hundred day moving average price is $31.77. The firm has a market capitalization of $7.82 billion, a P/E ratio of 22.54, a PEG ratio of 1.83 and a beta of 1.24.

Axalta Coating Systems (NYSE:AXTA – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.65 by $0.07. Axalta Coating Systems had a net margin of 6.78% and a return on equity of 22.35%. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the firm posted $0.64 EPS. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. Axalta Coating Systems has set its FY 2026 guidance at 2.550-2.700 EPS and its Q3 2026 guidance at 0.700-0.700 EPS. On average, equities analysts predict that Axalta Coating Systems Ltd. will post 2.63 EPS for the current fiscal year. Wall Street Analysts Forecast Growth A number of analysts have recently commented on the company. UBS Group restated a “neutral” rating on shares of Axalta Coating Systems in a report on Wednesday, July 29th. Wall Street Zen downgraded Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a report on Monday, August 10th. Mizuho lifted their target price on Axalta Coating Systems from $32.00 to $39.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Royal Bank Of Canada boosted their target price on Axalta Coating Systems from $34.00 to $36.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 8th. Finally, BMO Capital Markets upped their price target on Axalta Coating Systems from $35.00 to $39.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 29th. Four research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $36.00.

View Our Latest Research Report on Axalta Coating Systems

(Free Report)

Axalta Coating Systems is a global leader in the development, manufacture and sale of liquid and powder coatings. The company’s product portfolio spans refinish coatings for the automotive collision repair market, original equipment manufacturer (OEM) coatings for new vehicle production, and industrial coatings including electrodeposition (E-coat) and powder coatings for a variety of sectors such as architecture, heavy equipment and general industrial applications.

Tracing its roots to the 19th century and rebranded as Axalta following its separation from DuPont Performance Coatings in 2013, the company has built a presence in more than 100 countries.

Further Reading Five stocks we like better than Axalta Coating Systems Securing AI: 5 Most-Upgraded Stocks From the Q2 Reporting Season Insiders Are Betting Big on These 3 Healthcare Stocks 3 Stocks for Investors Who Still Believe Cash Is King Dollar General and Dollar Tree Are Recovering, But Not for the Same Reason Want to see what other hedge funds are holding AXTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Axalta Coating Systems Ltd. (NYSE:AXTA – Free Report).

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Investors interested in stocks from the Chemical - Specialty sector have probably already heard of Axalta Coating Systems (AXTA - Free Report) and Hawkins (HWKN - Free Report) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.

We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.

Currently, Axalta Coating Systems has a Zacks Rank of #2 (Buy), while Hawkins has a Zacks Rank of #4 (Sell). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that AXTA is likely seeing its earnings outlook improve to a greater extent. But this is only part of the picture for value investors.

Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.

The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.

AXTA currently has a forward P/E ratio of 13.86, while HWKN has a forward P/E of 28.90. We also note that AXTA has a PEG ratio of 1.80. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. HWKN currently has a PEG ratio of 2.41.

Another notable valuation metric for AXTA is its P/B ratio of 3.03. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, HWKN has a P/B of 4.51.

Based on these metrics and many more, AXTA holds a Value grade of B, while HWKN has a Value grade of D.

AXTA sticks out from HWKN in both our Zacks Rank and Style Scores models, so value investors will likely feel that AXTA is the better option right now.

Bank of New York Mellon Corp bought a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,262,561 shares of the specialty chemicals company’s stock, valued at approximately $43,205,000. Bank of New York Mellon Corp owned 0.59% of Axalta Coating Systems at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Axalta Coating Systems during the second quarter worth about $214,000. Versant Capital Management Inc boosted its holdings in Axalta Coating Systems by 24.5% in the second quarter. Versant Capital Management Inc now owns 6,107 shares of the specialty chemicals company’s stock valued at $209,000 after purchasing an additional 1,202 shares during the last quarter. Glenmede Trust Co. NA boosted its holdings in Axalta Coating Systems by 82.3% in the first quarter. Glenmede Trust Co. NA now owns 14,258 shares of the specialty chemicals company’s stock valued at $395,000 after purchasing an additional 6,435 shares during the last quarter. Janus Henderson Group PLC grew its stake in Axalta Coating Systems by 3.9% during the 1st quarter. Janus Henderson Group PLC now owns 1,036,806 shares of the specialty chemicals company’s stock valued at $28,735,000 after purchasing an additional 39,385 shares in the last quarter. Finally, Bull Harbor Capital LLC acquired a new stake in Axalta Coating Systems during the 1st quarter valued at approximately $489,000. 98.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes A number of research firms have commented on AXTA. Royal Bank Of Canada increased their price objective on shares of Axalta Coating Systems from $34.00 to $36.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 8th. The Goldman Sachs Group set a $36.00 target price on shares of Axalta Coating Systems in a research report on Friday, May 1st. Robert W. Baird upped their target price on shares of Axalta Coating Systems from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Citigroup initiated coverage on shares of Axalta Coating Systems in a research report on Thursday, June 4th. They set a “buy” rating and a $44.00 price target on the stock. Finally, Weiss Ratings upgraded Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $36.00.

Get Our Latest Analysis on AXTA Axalta Coating Systems Trading Up 0.3% Axalta Coating Systems stock opened at $36.72 on Friday. The firm’s 50-day moving average is $34.91 and its 200-day moving average is $31.74. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.12 and a current ratio of 1.53. Axalta Coating Systems Ltd. has a 1 year low of $24.94 and a 1 year high of $38.61. The company has a market cap of $7.86 billion, a P/E ratio of 22.66, a PEG ratio of 1.81 and a beta of 1.24.

Axalta Coating Systems (NYSE:AXTA – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.31 billion. Axalta Coating Systems had a net margin of 6.78% and a return on equity of 22.35%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.64 EPS. Axalta Coating Systems has set its FY 2026 guidance at 2.550-2.700 EPS and its Q3 2026 guidance at 0.700-0.700 EPS. On average, equities analysts expect that Axalta Coating Systems Ltd. will post 2.63 earnings per share for the current year.

(Free Report)

Axalta Coating Systems is a global leader in the development, manufacture and sale of liquid and powder coatings. The company’s product portfolio spans refinish coatings for the automotive collision repair market, original equipment manufacturer (OEM) coatings for new vehicle production, and industrial coatings including electrodeposition (E-coat) and powder coatings for a variety of sectors such as architecture, heavy equipment and general industrial applications.

Tracing its roots to the 19th century and rebranded as Axalta following its separation from DuPont Performance Coatings in 2013, the company has built a presence in more than 100 countries.

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Aurora Investment Counsel acquired a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 51,119 shares of the specialty chemicals company’s stock, valued at approximately $1,749,000.

A number of other hedge funds have also made changes to their positions in AXTA. Covestor Ltd grew its holdings in Axalta Coating Systems by 197.7% during the fourth quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock worth $29,000 after acquiring an additional 603 shares during the period. Cedar Mountain Advisors LLC acquired a new stake in Axalta Coating Systems in the 1st quarter valued at about $30,000. Summit Securities Group LLC bought a new position in shares of Axalta Coating Systems during the 4th quarter valued at about $32,000. Los Angeles Capital Management LLC bought a new position in shares of Axalta Coating Systems during the 4th quarter valued at about $35,000. Finally, IFP Advisors Inc grew its stake in shares of Axalta Coating Systems by 65.9% in the 4th quarter. IFP Advisors Inc now owns 1,453 shares of the specialty chemicals company’s stock worth $47,000 after purchasing an additional 577 shares during the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Axalta Coating Systems Trading Up 2.4% NYSE:AXTA opened at $36.27 on Thursday. The stock has a market cap of $7.76 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 1.75 and a beta of 1.24. Axalta Coating Systems Ltd. has a fifty-two week low of $24.94 and a fifty-two week high of $38.61. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.53 and a quick ratio of 1.12. The stock’s 50-day moving average is $34.59 and its two-hundred day moving average is $31.62.

Axalta Coating Systems (NYSE:AXTA – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.07. Axalta Coating Systems had a net margin of 6.78% and a return on equity of 22.35%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the firm earned $0.64 earnings per share. The firm’s revenue was up 3.1% compared to the same quarter last year. Axalta Coating Systems has set its FY 2026 guidance at 2.550-2.700 EPS and its Q3 2026 guidance at 0.700-0.700 EPS. As a group, equities research analysts forecast that Axalta Coating Systems Ltd. will post 2.63 earnings per share for the current fiscal year. Analyst Ratings Changes Several research analysts have issued reports on AXTA shares. Robert W. Baird upped their price target on Axalta Coating Systems from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Weiss Ratings upgraded Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Wall Street Zen lowered Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 10th. The Goldman Sachs Group set a $36.00 target price on Axalta Coating Systems in a report on Friday, May 1st. Finally, UBS Group reiterated a “neutral” rating on shares of Axalta Coating Systems in a report on Wednesday, July 29th. Four research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, Axalta Coating Systems presently has a consensus rating of “Hold” and a consensus target price of $36.00.

Check Out Our Latest Report on Axalta Coating Systems

(Free Report)

Axalta Coating Systems is a global leader in the development, manufacture and sale of liquid and powder coatings. The company’s product portfolio spans refinish coatings for the automotive collision repair market, original equipment manufacturer (OEM) coatings for new vehicle production, and industrial coatings including electrodeposition (E-coat) and powder coatings for a variety of sectors such as architecture, heavy equipment and general industrial applications.

Tracing its roots to the 19th century and rebranded as Axalta following its separation from DuPont Performance Coatings in 2013, the company has built a presence in more than 100 countries.

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Investors interested in Chemical - Specialty stocks are likely familiar with Axalta Coating Systems (AXTA) and Hawkins (HWKN). But which of these two stocks is more attractive to value investors?

Posted by Defense World Staff on Aug 5th, 2026

Amundi increased its stake in Axalta Coating Systems Ltd. (NYSE:AXTA – Free Report) by 4,072.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 637,497 shares of the specialty chemicals company’s stock after purchasing an additional 622,217 shares during the quarter. Amundi owned about 0.30% of Axalta Coating Systems worth $17,659,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its stake in Axalta Coating Systems by 49.7% in the first quarter. EverSource Wealth Advisors LLC now owns 11,489 shares of the specialty chemicals company’s stock valued at $318,000 after purchasing an additional 3,816 shares in the last quarter. California State Teachers Retirement System increased its stake in Axalta Coating Systems by 24.0% in the first quarter. California State Teachers Retirement System now owns 252,309 shares of the specialty chemicals company’s stock valued at $6,989,000 after acquiring an additional 48,781 shares during the last quarter. Quantinno Capital Management LP raised its position in Axalta Coating Systems by 10.6% during the first quarter. Quantinno Capital Management LP now owns 1,063,450 shares of the specialty chemicals company’s stock valued at $29,458,000 after purchasing an additional 102,057 shares in the last quarter. Waverly Advisors LLC lifted its stake in Axalta Coating Systems by 32.9% during the first quarter. Waverly Advisors LLC now owns 12,424 shares of the specialty chemicals company’s stock worth $344,000 after purchasing an additional 3,074 shares during the last quarter. Finally, Entropy Technologies LP purchased a new position in shares of Axalta Coating Systems in the 1st quarter worth about $1,504,000. 98.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets AXTA has been the subject of several research reports. Citigroup started coverage on Axalta Coating Systems in a research note on Thursday, June 4th. They issued a “buy” rating and a $44.00 target price for the company. Mizuho boosted their price objective on shares of Axalta Coating Systems from $32.00 to $39.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Royal Bank Of Canada upped their price objective on shares of Axalta Coating Systems from $34.00 to $36.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 8th. Robert W. Baird increased their target price on shares of Axalta Coating Systems from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Finally, Wells Fargo & Company downgraded shares of Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $39.00 to $30.00 in a research note on Friday, April 10th. Four equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $36.00.

Check Out Our Latest Stock Report on Axalta Coating Systems

Axalta Coating Systems Price Performance AXTA stock opened at $37.67 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.53 and a quick ratio of 1.12. Axalta Coating Systems Ltd. has a 1 year low of $24.94 and a 1 year high of $37.70. The firm has a 50-day moving average of $33.32 and a 200 day moving average of $31.36. The company has a market cap of $8.06 billion, a P/E ratio of 23.25, a PEG ratio of 1.79 and a beta of 1.24.

Axalta Coating Systems (NYSE:AXTA – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. Axalta Coating Systems had a net margin of 6.78% and a return on equity of 22.35%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the company posted $0.64 EPS. Axalta Coating Systems’s revenue was up 3.1% on a year-over-year basis. Axalta Coating Systems has set its FY 2026 guidance at 2.550-2.700 EPS and its Q3 2026 guidance at 0.700-0.700 EPS. On average, sell-side analysts forecast that Axalta Coating Systems Ltd. will post 2.63 EPS for the current year.

About Axalta Coating Systems (Free Report)

Axalta Coating Systems is a global leader in the development, manufacture and sale of liquid and powder coatings. The company’s product portfolio spans refinish coatings for the automotive collision repair market, original equipment manufacturer (OEM) coatings for new vehicle production, and industrial coatings including electrodeposition (E-coat) and powder coatings for a variety of sectors such as architecture, heavy equipment and general industrial applications.

Tracing its roots to the 19th century and rebranded as Axalta following its separation from DuPont Performance Coatings in 2013, the company has built a presence in more than 100 countries.

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Posted by Defense World Staff on Jul 29th, 2026

Bank of Nova Scotia lowered its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA – Free Report) by 57.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 140,721 shares of the specialty chemicals company’s stock after selling 189,189 shares during the quarter. Bank of Nova Scotia owned about 0.07% of Axalta Coating Systems worth $3,898,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Sei Investments Co. increased its holdings in shares of Axalta Coating Systems by 6.4% during the 1st quarter. Sei Investments Co. now owns 1,146,405 shares of the specialty chemicals company’s stock worth $31,755,000 after purchasing an additional 68,532 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Axalta Coating Systems by 10.9% in the first quarter. Dimensional Fund Advisors LP now owns 7,695,348 shares of the specialty chemicals company’s stock valued at $213,143,000 after buying an additional 754,098 shares during the period. Advisors Preferred LLC lifted its stake in shares of Axalta Coating Systems by 41.7% in the first quarter. Advisors Preferred LLC now owns 118,362 shares of the specialty chemicals company’s stock valued at $3,279,000 after buying an additional 34,835 shares during the period. Calamos Wealth Management LLC acquired a new stake in Axalta Coating Systems during the first quarter worth about $247,000. Finally, Calamos Advisors LLC acquired a new stake in Axalta Coating Systems during the first quarter worth about $247,000. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Axalta Coating Systems Stock Performance NYSE AXTA opened at $35.52 on Wednesday. The stock has a market cap of $7.60 billion, a P/E ratio of 20.77, a PEG ratio of 1.65 and a beta of 1.24. The company’s 50-day simple moving average is $32.63 and its 200 day simple moving average is $31.24. Axalta Coating Systems Ltd. has a twelve month low of $24.94 and a twelve month high of $35.98. The company has a quick ratio of 1.53, a current ratio of 2.10 and a debt-to-equity ratio of 1.27.

Axalta Coating Systems (NYSE:AXTA – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.07. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Axalta Coating Systems had a net margin of 7.22% and a return on equity of 22.37%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.64 earnings per share. Axalta Coating Systems has set its FY 2026 guidance at 2.550-2.700 EPS and its Q3 2026 guidance at 0.700-0.700 EPS. As a group, research analysts forecast that Axalta Coating Systems Ltd. will post 2.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth Several equities analysts have commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Axalta Coating Systems in a report on Tuesday, June 16th. The Goldman Sachs Group set a $36.00 price objective on Axalta Coating Systems in a report on Friday, May 1st. Royal Bank Of Canada boosted their price objective on Axalta Coating Systems from $34.00 to $36.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 8th. Mizuho upped their target price on Axalta Coating Systems from $32.00 to $39.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Finally, Citigroup began coverage on Axalta Coating Systems in a research note on Thursday, June 4th. They issued a “buy” rating and a $44.00 target price for the company. Four analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $35.67.

Read Our Latest Report on Axalta Coating Systems

Key Headlines Impacting Axalta Coating Systems Here are the key news stories impacting Axalta Coating Systems this week:

Positive Sentiment: Q2 earnings and revenue exceeded expectations. Axalta reported adjusted EPS of $0.72, above the $0.65 analyst consensus and up from $0.64 a year earlier. Revenue increased 3.1% year over year to $1.35 billion, surpassing the $1.31 billion estimate. Axalta Coating Systems Q2 Earnings and Revenues Surpass Estimates Positive Sentiment: Profitability trends were encouraging. The earnings call highlighted strong EBITDA growth, while Axalta posted a 22.37% return on equity and a 7.22% net margin. The results suggest productivity and operating improvements are helping offset a mixed demand environment. Axalta Q2 2026 Earnings Call Highlights Positive Sentiment: The results prompted a favorable market reaction. Shares advanced on the earnings release, with trading volume running above the stock’s recent average as investors responded to the earnings and revenue beats. Axalta Tops Estimates and Shares Jump on Results Neutral Sentiment: Full-year guidance remains broadly in line with expectations. Axalta maintained a 2026 EPS range of $2.55 to $2.70, compared with consensus of $2.59, leaving potential upside if operating momentum continues. Axalta Releases Second Quarter 2026 Results Negative Sentiment: Third-quarter guidance was slightly below consensus. Axalta forecast EPS of $0.70 for Q3 2026, versus the $0.72 analyst estimate, which could limit further gains unless the company delivers additional margin improvement. Axalta Q2 2026 Results Presentation About Axalta Coating Systems (Free Report)

Axalta Coating Systems is a global leader in the development, manufacture and sale of liquid and powder coatings. The company’s product portfolio spans refinish coatings for the automotive collision repair market, original equipment manufacturer (OEM) coatings for new vehicle production, and industrial coatings including electrodeposition (E-coat) and powder coatings for a variety of sectors such as architecture, heavy equipment and general industrial applications.

Tracing its roots to the 19th century and rebranded as Axalta following its separation from DuPont Performance Coatings in 2013, the company has built a presence in more than 100 countries.

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For the quarter ended June 2026, Axalta Coating Systems (AXTA - Free Report) reported revenue of $1.35 billion, up 3.1% over the same period last year. EPS came in at $0.72, compared to $0.64 in the year-ago quarter.

The reported revenue represents a surprise of +2.22% over the Zacks Consensus Estimate of $1.32 billion. With the consensus EPS estimate being $0.65, the EPS surprise was +10.77%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Axalta Coating Systems performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Sales- Performance Coatings- Refinish: $545 million compared to the $520.97 million average estimate based on three analysts. The reported number represents a change of +6% year over year.Sales- Performance Coatings- Industrial: $327 million compared to the $320.95 million average estimate based on three analysts. The reported number represents a change of +1.6% year over year.Sales- Mobility Coatings- Total: $474 million compared to the $469.97 million average estimate based on three analysts. The reported number represents a change of +1.1% year over year.Sales- Mobility Coatings- Commercial vehicle: $114 million compared to the $106.13 million average estimate based on three analysts. The reported number represents a change of +6.5% year over year.Sales- Performance Coatings- Total: $872 million compared to the $841.92 million average estimate based on three analysts. The reported number represents a change of +4.3% year over year.Sales- Mobility Coatings- Light vehicle: $360 million versus the three-analyst average estimate of $363.84 million. The reported number represents a year-over-year change of -0.6%.Adjusted EBIT- Mobility Coatings: $87 million compared to the $90.02 million average estimate based on three analysts.Adjusted EBIT- Performance Coatings: $218 million versus $197.4 million estimated by three analysts on average.View all Key Company Metrics for Axalta Coating Systems here>>>

Shares of Axalta Coating Systems have returned -0.8% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

Axalta Coating Systems NYSE: AXTA reported higher second-quarter sales, record adjusted EBITDA and its lowest net leverage ratio to date, while maintaining its full-year outlook amid uncertainty tied to tariffs, geopolitical tensions and raw-material costs.

Chief Executive Officer Chris Villavarayan said the coatings maker’s adjusted EBITDA rose 5% from a year earlier to a record $305 million. Adjusted diluted earnings per share increased 13% to $0.72, while adjusted EBITDA margin expanded 30 basis points to 22.7%.

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Net sales increased 3% year over year to just under $1.35 billion, supported by foreign-exchange tailwinds, acquisitions and favorable price mix. Those factors were partly offset by lower volumes in Mobility and Industrial coatings. Net income declined by $21 million to $89 million, primarily because of $31 million in incremental transaction-related costs tied to Axalta’s proposed merger of equals with AkzoNobel.

Cash generation and balance sheet strengthen Cash provided by operating activities totaled $152 million in the quarter, while free cash flow was $107 million, up 7% and 6%, respectively, from the prior-year period. Chief Financial Officer Carl Anderson said the improvement reflected better working-capital performance and lower interest payments.

Anderson said Axalta improved its cash conversion cycle by about 10% year over year and reduced inventory days by roughly eight days. Excluding deal-related fees, free cash flow would have risen close to 20% from a year earlier, he said.

The company reduced gross debt by $80 million during the quarter and by $135 million through June. Interest expense in the first half was 16% lower than in the prior-year period. Net leverage ended the quarter at 2.2 times, the lowest level in Axalta’s history, and management said it remains on track to exit 2026 below 2 times.

Performance Coatings leads sales and margin gains Performance Coatings net sales rose 4% year over year and 9% sequentially. Segment adjusted EBITDA increased 10% to $218 million, while adjusted EBITDA margin expanded 130 basis points to 25.1%.

Refinish sales increased 6% to $545 million, supported by volume growth in three of four regions, positive price mix and the normalization of channel inventories in North America. Villavarayan said Europe, Axalta’s largest Refinish region, posted record quarterly sales.

The company secured more than 1,900 net new body shops in the first half and approximately 800 additional North American locations in July associated with large multi-shop operators. Management later described the July wins as including a 600-body-shop customer among North America’s top five MSOs, along with another large North American MSO win.

Villavarayan said destocking pressure was largely behind the business and expects Refinish volumes to be approximately flat in the third quarter before improving in the fourth quarter. For the second half, he expects volumes to be slightly higher despite an anticipated mid-single-digit decline in collision claims.

Industrial sales rose 2% to $327 million, as volume growth in Europe and Asia and positive price mix more than offset weaker North American volumes. Villavarayan said Industrial volume was down about 1% in the second quarter, but cited European E-Coat demand and Asia Energy Solutions demand as areas of strength. North American Industrial conditions remain “choppy and challenged,” he said, particularly in building-products-related markets.

Mobility reaches quarterly sales record Mobility Coatings generated record second-quarter sales of $474 million, up 1% from the prior year. Commercial Vehicle sales increased 7%, supported by volume growth in all four regions and favorable currency translation, while Light Vehicle sales declined slightly.

Management said North American Class 8 truck production has begun improving and is expected to continue in the second half. Villavarayan also highlighted growth in commercial transportation solutions, including off-highway, military, ambulance, fire truck and recreational vehicle applications. That business now represents about half of Axalta’s Commercial Vehicle operations and was up 5% year over year, he said.

Mobility adjusted EBITDA was $87 million and margin was 18.4%, up 90 basis points sequentially. Compared with a year earlier, higher Commercial Vehicle volumes were more than offset by favorable one-time items recorded in the second quarter of 2025 that did not recur. Anderson said the prior-year one-time benefit was about $7 million.

Guidance maintained as costs rise Axalta retained its existing full-year outlook for sales, adjusted EBITDA, adjusted diluted EPS and free cash flow. Anderson said external forecasts and internal key performance indicators remain broadly consistent with the assumptions underlying prior guidance, but management cited uncertainty surrounding Iran, tariffs and broader Middle East geopolitical tensions.

For the third quarter, Axalta expects low-single-digit year-over-year sales growth, adjusted EBITDA of $295 million to $305 million, and adjusted diluted EPS of about $0.70, up 4% from a year earlier.

The company expects raw-material costs to represent a mid-single-digit headwind for the full year. The impact was low single digits in the second quarter and is expected to rise toward the high-single-digit range as the company exits the year. Anderson said solvent costs were up roughly 15% to 20%, while monomer costs were up in the high single digits, though management is not forecasting significant changes in overall raw-material price levels for the remainder of the year.

AkzoNobel vote approaches Shareholders are scheduled to vote Aug. 5 on the proposed merger of equals with AkzoNobel. Axalta said regulatory reviews are continuing and the transaction remains on track to close in late 2026 or early 2027.

Management continues to expect approximately $600 million of annual run-rate cost synergies, with about 90% captured within the first three years after closing. The company also cited potential revenue opportunities from cross-selling, technology sharing and expanded customer access.

About Axalta Coating Systems (NYSE:AXTA)Axalta Coating Systems is a global leader in the development, manufacture and sale of liquid and powder coatings. The company's product portfolio spans refinish coatings for the automotive collision repair market, original equipment manufacturer (OEM) coatings for new vehicle production, and industrial coatings including electrodeposition (E-coat) and powder coatings for a variety of sectors such as architecture, heavy equipment and general industrial applications.

Tracing its roots to the 19th century and rebranded as Axalta following its separation from DuPont Performance Coatings in 2013, the company has built a presence in more than 100 countries.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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PHILADELPHIA, July 28, 2026 (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, 2026.

Second Quarter 2026 Highlights:

Net sales of $1.35 billion, an increase of 3% year over yearRefinish net sales increase of 6% year over yearNet income of $89 million and net income margin of 6.6%Record quarter for Adjusted EBITDA of $305 million with an Adjusted EBITDA margin of 22.7%Diluted EPS of $0.41Record quarter for Adjusted Diluted EPS of $0.72, an increase of 13% year over yearCash provided by operating activities of $152 million, up 7% year over yearFree cash flow of $107 million, up 6% year over yearTotal net leverage of 2.2x, the lowest in Axalta’s history “We delivered an excellent second quarter with record Adjusted EBITDA and Adjusted Diluted EPS, expanded margins and strong free cash flow generation demonstrating the earnings power of our business model” said Chris Villavarayan, Chief Executive Officer and President of Axalta. "Our team continues to drive operational excellence that underpins our consistent financial performance, and we carry solid momentum into the second half of the year.”

Second Quarter 2026 Consolidated Financial Results

Second quarter 2026 net sales increased $41 million to $1.35 billion driven by favorable foreign currency translation, contributions from acquisitions, and positive price mix.

Net income decreased by $21 million year over year to $89 million resulting in a net income margin of 6.6%. The decrease was primarily driven by an incremental $31 million in merger and acquisition related costs. Adjusted net income, which excludes merger and acquisition related expenses, increased 10% year over year to $153 million driven by reduced operating expenses and lower interest expense.

Adjusted EBITDA increased 5% year over year to $305 million, a quarterly record resulting in an Adjusted EBITDA margin of 22.7%, up 30 basis points from the prior year period. Diluted EPS declined to $0.41 from $0.50 in the prior year period due to higher merger and acquisition costs. Adjusted Diluted EPS was $0.72, a record quarter and an increase of 13% from last year driven primarily by strong conversion on higher sales and lower interest expense.

Cash provided by operating activities was $152 million, an increase of 7% year over year primarily driven by improved working capital and lower interest payments. Free cash flow was $107 million, an increase of $6 million year over year, inclusive of the headwind from merger-related costs.

Discussion of Segment Results

Performance Coatings’ second quarter net sales were $872 million, up 4% year over year as favorable currency translation, contributions from acquisitions and positive price mix more than offset slightly lower volumes. Organic net sales increased year over year, supported by strong growth in Europe and Asia and favorable price mix partially offset by lower volumes in North America.

Refinish net sales increased 6% year over year to $545 million, primarily driven by contributions from acquisitions, favorable price mix and foreign currency translation. Industrial net sales increased by 2% year over year to $327 million with positive volume growth in Europe and Asia and positive price mix more than offsetting lower volumes in North America.

Performance Coatings Adjusted EBITDA increased 10% year over year to $218 million compared with $200 million in the prior year period. The increase was driven by favorable price mix and lower variable and operating expenses. Adjusted EBITDA margin improved 130 basis points year over year to 25.1%.

Mobility Coatings achieved record quarterly net sales of $474 million, up 1% year over year. Light Vehicle net sales declined slightly reflecting lower organic sales, partially offset by favorable foreign currency. Commercial Vehicle net sales increased 7% year over year, driven by volume growth in all four regions and favorable foreign currency.

Mobility Coatings delivered Adjusted EBITDA of $87 million with an Adjusted EBITDA margin of 18.4%. Stronger volumes in Commercial Vehicle were more than offset by favorable one-time items recorded in the second quarter of 2025 that did not repeat.

“We look forward to Axalta's Special General Meeting on August 5 to approve the compelling merger of equals with AkzoNobel. This strategic combination creates a premier global coatings company and provides significant value creation opportunities for Axalta shareholders” said Chris Villavarayan, Chief Executive Officer and President of Axalta.

Third Quarter and Full Year 2026 Outlook

(in millions, except %’s and per share data) Projection    Item Q3 2026FY 2026    Net Sales (YoY % growth) LSD%LSD%Adjusted EBITDA $295 - $305$1,140 - $1,170Adjusted Diluted EPS ~$0.70$2.55 - $2.70Free Cash Flow  >$500Depreciation and Amortization  $305Tax Rate, As Adjusted  ~24%Diluted Shares Outstanding  ~215Interest Expense  ~$150Capital Expenditures  $180 - $200LSD = low single digit percentage
Axalta does not provide a reconciliation for non-GAAP estimates for Adjusted EBITDA, Adjusted Diluted EPS, Free Cash Flow or tax rate, as adjusted, on a forward-looking basis because the information necessary to calculate a meaningful or accurate estimation of reconciling items is not available without unreasonable effort. See “Non-GAAP Financial Measures” for more information.

Conference Call Information

As previously announced, Axalta will hold a conference call to discuss its second quarter 2026 financial results on Tuesday, July 28, 2026, at 8:00 a.m. ET. A live webcast of the conference call will be available online at www.axalta.com/investorcall. A replay of the webcast will be posted shortly after the call and will remain accessible through July 28, 2027. The dial-in phone number for the conference call is 1-833-419-0865 and the conference ID is AXALTA. For those unable to participate, a replay will be available through August 4, 2026. The replay dial-in number is +1-844-512-2921. The replay passcode is 11162143.

Cautionary Statement Concerning Forward-Looking Statements

This release 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, Adjusted EBITDA, Adjusted Diluted EPS, Free Cash Flow, depreciation and amortization, tax rate, as adjusted, diluted shares outstanding, interest expense and capital expenditures and statements regarding the proposed merger of equals (the “Proposed Merger”) with Akzo Nobel N.V. (“AkzoNobel”) (including our ability to consummate the Proposed Merger and realize the anticipated benefits thereof). Axalta has identified some of these forward-looking statements with words such as “outlook,” “proposed,” “anticipated,” “earnings power,” “momentum,” “opportunities,” and “projections,” and the negative of these words or other comparable or similar terminology. All of these statements are based on management’s expectations as well as estimates and assumptions prepared by management that, although they believe to be reasonable, are inherently uncertain. These statements involve risks and uncertainties, including, but not limited to, economic, competitive, governmental (including related to any new or existing tariffs imposed by the U.S. and any retaliatory actions from other countries), geopolitical (including the current conflict in the Middle East and related effects on commodity prices) and technological factors outside of Axalta’s control, as well as risks related to the execution of, and assumptions underlying, our tariff mitigation strategies, our capital allocation strategy and future share repurchases, our previously-announced global transformation initiative, our previously-announced three-year 2024-2026 strategy and the Proposed Merger (including our ability to consummate the Proposed Merger and realize the anticipated benefits thereof) that may cause its business, industry, strategy, financing activities or actual results to differ materially. More information on potential factors that could affect Axalta’s financial results is available in “Forward-Looking Statements,” “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” within Axalta’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, and in other documents that we have filed with, or furnished to, the U.S. Securities and Exchange Commission (the “SEC”). More information on these risks, as well as other risks associated with the Proposed Merger, are also discussed in the definitive proxy statement/prospectus relating to the Proposed Merger, which was filed with the SEC on June 24, 2026. Axalta undertakes no obligation to update or revise any of the forward-looking statements contained herein, whether as a result of new information, future events or otherwise.

Non-GAAP Financial Measures

This release includes financial information that is not presented in accordance with generally accepted accounting principles in the United States (“GAAP”), including Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Diluted EPS, adjusted net income, Free Cash Flow, total net leverage ratio (or “total net leverage”), tax rate, as adjusted, and Adjusted EBIT. Management uses Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Diluted EPS, adjusted net income, tax rate, as adjusted, and Adjusted EBIT in the analysis of our financial and operating performance because they assist in the evaluation of underlying trends in our business. Management uses Free Cash Flow and total net leverage ratio in the analysis of (1) our liquidity, (2) our ability to incur and service our debt and (3) strategic capital allocation decisions. Adjusted EBITDA, Adjusted Diluted EPS, adjusted net income and Adjusted EBIT consist of EBITDA, Diluted EPS, net income attributable to common shareholders and EBIT, respectively, adjusted for (i) certain non-cash items included within net income, (ii) certain items Axalta does not believe are indicative of ongoing operating performance or (iii) certain nonrecurring, unusual or infrequent items that have not otherwise occurred within the last two years or we believe are not reasonably likely to recur within the next two years. Free Cash Flow consists of cash provided by (used for) operating activities less purchase of property, plant and equipment plus interest proceeds on swaps designated as net investment hedges. Total net leverage ratio consists of net debt divided by Adjusted EBITDA, with net debt defined as total debt less cash and cash equivalents. We believe that making the foregoing adjustments provides investors meaningful information to understand our operating results and ability to analyze financial and business trends on a period-to-period basis. The non-GAAP financial measures used by Axalta may differ from similarly titled measures reported by other companies. Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Diluted EPS, adjusted net income, Free Cash Flow, total net leverage ratio, tax rate, as adjusted, and Adjusted EBIT should not be considered as alternatives to net sales, net income (loss), income (loss) from operations or any other financial measures derived in accordance with GAAP. These non-GAAP financial measures have important limitations as analytical tools and should be considered in conjunction with, and not as substitutes for, our results as reported under GAAP. This release includes a reconciliation of certain non-GAAP financial measures with the most directly comparable financial measures calculated in accordance with GAAP. Axalta does not provide a reconciliation for Adjusted EBITDA, Adjusted Diluted EPS, tax rate, as adjusted, or Free Cash Flow on a forward-looking basis because the information necessary to calculate a meaningful or accurate estimation of reconciling items is not available without unreasonable effort. For example, such reconciling items include the impact of foreign currency exchange gains or losses, gains or losses that are unusual or nonrecurring in nature, as well as discrete taxable events. These items are uncertain, depend on various factors and may have a substantial and unpredictable impact on our GAAP results.

Organic Net Sales

Organic net sales and related growth and decline measures are calculated by excluding (i) the impact of the change in average exchange rates between the current and comparable period by currency denomination exposure of the comparable period amount and (ii) net sales of businesses acquired within the last twelve months. We believe presenting organic net sales and related growth and decline measures assists investors with evaluating our sales performance without the impact of foreign exchange rates and recent acquisitions and divestitures of size, and management also routinely evaluates our sales in this manner.

Segment Financial Measures

The primary measure of segment operating performance is Adjusted EBITDA, which is a key metric that is used by management to evaluate business performance in comparison to budgets, forecasts and prior year financial results and that management believes reflects Axalta’s core operating performance. As we do not measure segment operating performance based on net income, a reconciliation of this non-GAAP financial measure with the most directly comparable financial measure calculated in accordance with GAAP is not available.

Defined Terms

All capitalized terms contained within this release that are not otherwise defined herein have been previously defined in our filings with the SEC.

Rounding

Certain amounts may not foot or crossfoot due to rounding. Additionally, certain percentages may not recalculate due to rounding.

General Restrictions

This communication is not for release, publication, or distribution, in whole or in part, in or into, directly or indirectly, any jurisdiction in which such release, publication, or distribution would be unlawful.

This communication is not a prospectus and the information in this communication is not intended to be complete. This communication is for informational purposes only and is not intended to be and shall not constitute a solicitation of any vote or approval, or an offer to buy or sell, or the solicitation of an offer to buy or sell, any securities, or an invitation or recommendation to subscribe for, acquire or buy securities of Axalta or AkzoNobel or any other financial products or securities, in any place or jurisdiction, nor shall there be any offer, solicitation or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended (the “Securities Act”).

Any decision to purchase, subscribe for, otherwise acquire, sell or otherwise dispose of any securities must be made only on the basis of the information contained in and incorporated by reference into the prospectus with respect to the shares to be allotted by AkzoNobel in the Proposed Merger, which was published on June 24, 2026 and supplemented on July 22, 2026.

The distribution of this communication may, in some countries, be restricted by law or regulation. Accordingly, persons who come into possession of this document should inform themselves of and observe these restrictions. To the fullest extent permitted by applicable law, Axalta and AkzoNobel disclaim any responsibility or liability for the violation of any such restrictions by any person. Neither Axalta, nor AkzoNobel, nor any of their advisors assume any responsibility for any violation by any person of any of these restrictions. Shareholders of Axalta and AkzoNobel, respectively, with any doubt as to their position should consult an appropriate professional advisor without delay.

This communication is addressed to and directed only at, persons who are outside the United Kingdom or, in the United Kingdom, at persons who are: (i) persons having professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”), (ii) persons falling within Article 49(2)(a) to (d) of the Order, or (iii) persons to whom it may otherwise lawfully be communicated pursuant to the Order (all such persons together being referred to as, “Relevant Persons”). This communication is directed only at Relevant Persons. Other persons should not act or rely on this communication or any of its contents. Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with such persons. Solicitations resulting from this communication will only be responded to if the person concerned is a Relevant Person.

Additional Information and Where to Find It

In connection with the Proposed Merger between Axalta and AkzoNobel, AkzoNobel filed with the SEC a registration statement on Form F-4 on May 27, 2026, as amended on June 18, 2026, which included a proxy statement of Axalta that also constitutes a prospectus with respect to the shares to be offered by AkzoNobel in the Proposed Merger. The registration statement was declared effective by the SEC on June 23, 2026. In connection with the proposed transaction, on June 24, 2026, Axalta filed with the SEC a definitive proxy statement and, on or about June 24, 2026, Axalta commenced mailing the definitive proxy statement to its holders of record as of June 11, 2026. Each of Axalta and AkzoNobel will also file other relevant documents in connection with the Proposed Merger. This communication is not a substitute for any registration statement, proxy statement/prospectus or other documents Axalta and/or AkzoNobel may file with the SEC or any other competent regulator in connection with the Proposed Merger. This communication does not contain all the information that should be considered concerning the Proposed Merger and is not intended to form the basis of any investment decision or any other decision in respect of the Proposed Merger. BEFORE MAKING ANY VOTING OR INVESTMENT DECISIONS, INVESTORS, STOCKHOLDERS AND SHAREHOLDERS OF AXALTA AND AKZONOBEL ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE PROXY STATEMENT/PROSPECTUS, AS APPLICABLE, AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, IN CONNECTION WITH THE PROPOSED TRANSACTION WHEN THEY BECOME AVAILABLE, AS THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT AXALTA, AKZONOBEL, THE PROPOSED TRANSACTION AND RELATED MATTERS. The registration statement and proxy statement/prospectus and other relevant documents filed by Axalta and AkzoNobel with the SEC are available free of charge at the SEC’s website at www.sec.gov. In addition, investors and shareholders will be able to obtain free copies of the proxy statement/prospectus and other documents filed with the SEC from Axalta’s investor relations webpage at https://ir.axalta.com/sec-filings/all-sec-filings or from AkzoNobel’s investor relations webpage at https://www.akzonobel.com/en/investors/all-sec-filings.

The contents of this communication should not be construed as financial, legal, business, investment, tax or other professional advice. Each recipient should consult with its own professional advisors for any such matter and advice

Participants in the Solicitation

This communication is not a solicitation of proxies in connection with the Proposed Merger. However, under SEC rules, Axalta, AkzoNobel and certain of their respective directors and executive officers and other members of their respective management and employees may be deemed to be participants in the solicitation of proxies in connection with the Proposed Merger. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of proxies in connection with the Proposed Merger, including a description of their direct or indirect interests in the Proposed Merger, by security holdings or otherwise, is set forth in the definitive proxy statement/prospectus relating to the Proposed Merger, which was filed with the SEC on June 24, 2026. Information about AkzoNobel’s supervisory board members and members of the board of management is set forth in AkzoNobel’s latest annual report, as filed with the AFM, the Dutch trade register and on its website at https://www.akzonobel.com/en/investors/results-center, and as updated from time to time via filings made by AkzoNobel with the AFM. Additional information regarding the interests of persons who may, under the rules of the SEC, be deemed participants in the solicitation of Axalta security holders in connection with the Proposed Merger, which may, in some cases, be different than those of Axalta’s shareholders generally, including a description of their direct or indirect interests, by security holdings or otherwise, will be set forth in the proxy statement/prospectus and other relevant materials when they are filed with the SEC. These documents can be obtained free of charge from the sources indicated above.

About Axalta Coating Systems

Axalta is a global leader in the coatings industry, providing customers with innovative, colorful, beautiful and sustainable coatings solutions. From light vehicles, commercial vehicles and refinish applications to electric motors, building facades and other industrial applications, our coatings are designed to prevent corrosion, increase productivity and enhance durability. With more than 150 years of experience in the coatings industry, the global team at Axalta continues to find ways to serve our more than 100,000 customers in over 140 countries better every day with the finest coatings, application systems and technology. For more information visit axalta.com and follow us @axalta on X.

Financial Statement Tables
AXALTA COATING SYSTEMS LTD.
Condensed Consolidated Statements of Operations (Unaudited)
(In millions, except per share data)
    Three Months Ended
June 30,
 Six Months Ended
June 30,
   2026   2025   2026   2025 Net sales $1,346  $1,305  $2,600  $2,567 Cost of goods sold  881   848   1,719   1,677 Selling, general and administrative expenses  213   208   413   410 Other operating charges  42   12   68   26 Research and development expenses  18   20   36   37 Amortization of acquired intangibles  25   24   51   48 Income from operations  167   193   313   369 Interest expense, net  37   45   75   89 Other (income) expense, net  (4)  5   (1)  8 Income before income taxes  134   143   239   272 Provision for income taxes  45   33   59   63 Net income  89   110   180   209 Less: Net income attributable to noncontrolling interests  —   1   1   1 Net income attributable to common shareholders $89  $109  $179  $208 Basic net income per share $0.42  $0.50  $0.84  $0.96 Diluted net income per share $0.41  $0.50  $0.84  $0.95 Basic weighted average shares outstanding  214.0   217.6   213.8   217.9 Diluted weighted average shares outstanding  214.7   218.3   214.7   218.9  AXALTA COATING SYSTEMS LTD.Condensed Consolidated Balance Sheets (Unaudited)(In millions, except per share data)   June 30, 2026 December 31, 2025Assets    Current assets:    Cash and cash equivalents $633  $657 Restricted cash  3   3 Accounts and notes receivable, net  1,345   1,229 Inventories  806   756 Prepaid expenses and other current assets  203   170 Total current assets  2,990   2,815 Property, plant and equipment, net  1,300   1,299 Goodwill  1,767   1,795 Identifiable intangibles, net  1,086   1,147 Other assets  556   543 Total assets $7,699  $7,599 Liabilities, Shareholders’ Equity    Current liabilities:    Accounts payable $769  $637 Current portion of borrowings  519   20 Other accrued liabilities  662   712 Total current liabilities  1,950   1,369 Long-term borrowings  2,549   3,179 Accrued pensions  228   238 Deferred income taxes  197   171 Other liabilities  206   249 Total liabilities  5,130   5,206 Shareholders’ equity:    Common shares, $1.00 par, 1,000.0 shares authorized, 255.7 and 255.1 shares issued at June 30, 2026 and December 31, 2025, respectively  256   255 Capital in excess of par  1,629   1,621 Retained earnings  2,234   2,055 Treasury shares, at cost, 41.7 shares at both June 30, 2026 and December 31, 2025  (1,202)  (1,202)Accumulated other comprehensive loss  (395)  (383)Total Axalta shareholders’ equity  2,522   2,346 Noncontrolling interests  47   47 Total shareholders’ equity  2,569   2,393 Total liabilities and shareholders’ equity $7,699  $7,599  AXALTA COATING SYSTEMS LTD.Condensed Consolidated Statements of Cash Flows (Unaudited)(In millions)   Six Months Ended
June 30,   2026   2025 Operating activities:    Net income $180  $209 Adjustment to reconcile net income to cash provided by operating activities:    Depreciation and amortization  152   144 Amortization of deferred financing costs and original issue discount  4   4 Deferred income taxes  25   11 Realized and unrealized foreign exchange (gains) losses, net  (5)  29 Stock-based compensation  15   13 Interest income on swaps designated as net investment hedges  (6)  (7)Other non-cash, net  3   6 Changes in operating assets and liabilities:    Trade accounts and notes receivable  (109)  (47)Inventories  (53)  (56)Prepaid expenses and other assets  (58)  (89)Accounts payable  139   65 Other accrued liabilities  (40)  (111)Other liabilities  (27)  (3)   Cash provided by operating activities  220   168 Investing activities:    Acquisitions, net of cash acquired  (8)  (6)Purchase of property, plant and equipment  (98)  (88)Interest proceeds on swaps designated as net investment hedges  6   7 Proceeds received on loans to customers  5   4 Other investing activities, net  (2)  —    Cash used for investing activities  (97)  (83)Financing activities:    Payments on long-term borrowings  (135)  (10)Purchases of common stock  —   (65)Net cash flows associated with stock-based awards  (6)  (2)Other financing activities, net  (2)  (1)   Cash used for financing activities  (143)  (78)   (Decrease) increase in cash  (20)  7 Effect of exchange rate changes on cash  (4)  25 Cash at beginning of period  660   596 Cash at end of period $636  $628      Cash at end of period reconciliation:    Cash and cash equivalents $633  $625 Restricted cash  3   3 Cash at end of period $636  $628 
The following table reconciles net income to EBITDA, Adjusted EBITDA and segment Adjusted EBITDA for the periods presented (in millions):

  Three Months Ended
June 30, Twelve Months Ended June 30, 2026
 Six Months Ended
June 30, Year Ended December 31, 2025
   2026   2025    2026   2025  Net income $89  $110  $350  $180  $209  $379 Interest expense, net  37   45   162   75   89   176 Provision for income taxes  45   33   163   59   63   167 Depreciation and amortization  76   74   303   152   144   295 EBITDA  247   262   978   466   505   1,017 Termination benefits and other employee-related costs (a)  2   9   9   6   20   23 Merger and acquisition-related costs (b)  35   4   83   57   6   32 Site closure costs (c)  4   2   5   4   5   6 Foreign exchange remeasurement losses (d)  3   4   13   5   7   15 Long-term employee benefit plan adjustments (e)  4   3   14   8   6   12 Stock-based compensation (f)  8   8   27   15   13   25 Gains on sales of assets (g)  —   —   (6)  —   —   (6)Environmental charges (h)  —   —   2   —   —   2 Other adjustments (i)  2   —   5   3   —   2 Adjusted EBITDA $305  $292  $1,130  $564  $562  $1,128 Net sales $1,346  $1,305  $5,150  $2,600  $2,567  $5,117 Net income margin  6.6%  8.4%  6.8%  6.9%  8.1%  7.4%Adjusted EBITDA margin  22.7%  22.4%  21.9%  21.7%  21.9%  22.0%             Segment Adjusted EBITDA:            Performance Coatings $218  $200  $789  $398  $397  $788 Mobility Coatings  87   92   341   166   165   340 Total $305  $292  $1,130  $564  $562  $1,128  (a)Represents expenses and associated changes to estimates related to employee termination benefits, consulting, legal and other employee-related costs associated with restructuring programs and other employee-related costs. We do not consider these amounts indicative of our ongoing operating performance.  (b)Represents merger and acquisition-related expenses, including costs related to financial, tax and legal advisory services, associated with both consummated and unconsummated transactions, all of which we do not consider indicative of our ongoing operating performance.  (c)Represents costs related to the closure of certain manufacturing sites, including impairment charges, which we do not consider indicative of our ongoing operating performance.  (d)Represents foreign exchange losses resulting from the remeasurement of assets and liabilities denominated in foreign currencies, net of the impacts of our foreign currency instruments used to hedge our balance sheet exposures.  (e)Represents the non-cash, non-service cost components of long-term employee benefit costs.  (f)Represents non-cash impacts associated with stock-based compensation.  (g)Represents non-recurring income related to the sales of certain fixed assets, which are not considered indicative of our ongoing performance.  (h)Represents costs related to certain environmental remediation activities, which are not considered indicative of our ongoing operating performance.  (i)Represents costs for certain non-operational or non-cash losses, net, unrelated to our core business and which we do not consider indicative of our ongoing operating performance.
The following table reconciles net income to adjusted net income for the periods presented (in millions, except per share data):

  Three Months Ended
June 30,
 Six Months Ended
June 30,
   2026   2025   2026   2025 Net income $89  $110  $180  $209 Less: Net income attributable to noncontrolling interests  —   1   1   1 Net income attributable to common shareholders  89   109   179   208 Termination benefits and other employee-related costs (a)  2   9   6   20 Merger and acquisition-related costs (b)  35   4   57   6 Accelerated depreciation and site closure costs (c)  4   3   4   7 Other adjustments (d)  3   2   4   1 Amortization of acquired intangibles (e)  25   24   51   48 Total adjustments  69   42   122   82 Income tax provision impacts (f)  5   12   28   22 Adjusted net income $153  $139  $273  $268 Adjusted diluted net income per share $0.72  $0.64  $1.27  $1.23 Diluted weighted average shares outstanding  214.7   218.3   214.7   218.9  (a)Represents expenses and associated changes to estimates related to employee termination benefits, consulting, legal and other employee-related costs associated with restructuring programs and other employee-related costs. We do not consider these amounts indicative of our ongoing operating performance.  (b)Represents merger and acquisition-related expenses, including costs related to financial, tax and legal advisory services, associated with both consummated and unconsummated transactions, all of which we do not consider indicative of our ongoing operating performance.  (c)Represents incremental depreciation expense resulting from truncated useful lives of the assets impacted by our manufacturing footprint assessments and costs related to the closure of certain manufacturing sites, including impairment charges, which we do not consider indicative of our ongoing operating performance.  (d)Represents costs for certain non-operational or non-cash losses, net, unrelated to our core business and which we do not consider indicative of our ongoing operating performance.  (e)Represents non-cash amortization expense for intangible assets acquired through business combinations or asset acquisitions.  (f)The income tax impacts are determined using the applicable rates in the taxing jurisdictions in which expense or income occurred and includes both current and deferred income tax expense (benefit) based on the nature of the non-GAAP performance measure. Additionally, the income tax impact includes the removal of discrete income tax impacts within our effective tax rate which were expenses of $3 million and benefits of $12 million and benefits of $3 million and $4 million for the three and six months ended June 30, 2026 and 2025, respectively.
The following table reconciles cash provided by operating activities to free cash flow for the periods presented (in millions):

  Three Months Ended
March 31, Three Months Ended
June 30, Six Months Ended
June 30,   2026   2025   2026   2025   2026   2025 Cash provided by operating activities $68  $26  $152  $142  $220  $168 Purchase of property, plant and equipment  (50)  (43)  (48)  (45)  (98)  (88)Interest proceeds on swaps designated as net investment hedges  3   3   3   4   6   7 Free cash flow $21  $(14) $107  $101  $128  $87 
The following table reconciles income from operations to adjusted EBIT for the periods presented (in millions):

  Three Months Ended
June 30,
 Six Months Ended
June 30,
   2026   2025   2026   2025 Income from operations $167  $193  $313  $369 Other (income) expense, net  (4)  5   (1)  8 Total  171   188   314   361 Termination benefits and other employee-related costs (a)  2   9   6   20 Merger and acquisition-related costs (b)  35   4   57   6 Accelerated depreciation and site closure costs (c)  4   3   4   7 Other adjustments (d)  4   2   4   1 Amortization of acquired intangibles (e)  25   24   51   48 Adjusted EBIT $241  $230  $436  $443  (a)Represents expenses and associated changes to estimates related to employee termination benefits, consulting, legal and other employee-related costs associated with restructuring programs and other employee-related costs. We do not consider these amounts indicative of our ongoing operating performance.  (b)Represents merger and acquisition-related expenses, including costs related to financial, tax and legal advisory services, associated with both consummated and unconsummated transactions, all of which we do not consider indicative of our ongoing operating performance.  (c)Represents incremental depreciation expense resulting from truncated useful lives of the assets impacted by our manufacturing footprint assessments and costs related to the closure of certain manufacturing sites, including impairment charges, which we do not consider indicative of our ongoing operating performance.  (d)Represents costs for certain non-operational or non-cash losses, net, unrelated to our core business and which we do not consider indicative of our ongoing operating performance.  (e)Represents non-cash amortization expense for intangible assets acquired through business combinations or asset acquisitions. Investor Contact
Colleen Lubic
D +1 610-999-9407
[email protected] [email protected]

AMSTERDAM and PHILADELPHIA, July 23, 2026 (GLOBE NEWSWIRE) -- Akzo Nobel N.V. (“AkzoNobel”) and Axalta Coating Systems Ltd. (“Axalta”) today announced enhancements to the proposed governance arrangements for the combined company following completion of their pending merger of equals.

Since announcing the proposed all-share merger of equals and convening of the AkzoNobel EGM and Axalta SGM, AkzoNobel and Axalta have engaged extensively with shareholders and other stakeholders on the governance of the combined company. That dialogue has led to the following refinements:

Annual re-election of all Directors following the initial three-year period after completion (previously contemplated following a five-year period after completion); andApproval threshold applicable during the initial three-year period after completion of two-thirds of Non-Executive Directors (previously contemplated as 75%) for (i) any proposal to the general meeting regarding the appointment and dismissal of Directors, (ii) the appointment and removal of the CEO, Deputy CEO and CFO, (iii) designation of the Chair and Vice Chair titles and (iv) amendments to the remuneration policy. Rakesh Sachdev, Chair of the Axalta Board of Directors, stated, “We are pleased to announce these governance enhancements following constructive engagement with our shareholders. We believe these changes reinforce our commitment to strong corporate governance and effective Board oversight while further strengthening the governance framework of the combined company. We appreciate the feedback we've received throughout this process and remain confident that this combination will create a premier global coatings company that delivers significant long-term value for all shareholders.”

Ben Noteboom, Chairman of the Supervisory Board of AkzoNobel, said: “We have listened thoughtfully to our shareholders and believe these changes reflect the spirit of partnership and accountability that will define the combined company from day one. We are grateful for the constructive engagement that has shaped these improvements, which further align the governance of the combined company with the interests of all shareholders and other stakeholders.”

These governance enhancements do not require any changes to the proposed Articles of Association of the combined company. As a result, the AkzoNobel EGM and Axalta SGM planned for August 5, 2026 are proceeding as planned, with the existing agenda items unaffected.

This is a public announcement by Akzo Nobel N.V. and Axalta pursuant to section 17 paragraph 1 of the European Market Abuse Regulation (596/2014).

About AkzoNobel
Since 1792, we’ve been supplying the innovative paints and coatings that help to color people’s lives and protect what matters most. Our world class portfolio of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. We’re active in more than 150 countries and use our expertise to sustain and enhance everyday life. Because we believe every surface is an opportunity. It’s what you’d expect from a pioneering and long-established paints company that’s dedicated to providing more sustainable solutions and preserving the best of what we have today – while creating an even better tomorrow. Let’s paint the future together.

About Axalta
Axalta is a global leader in the coatings industry, providing customers with innovative, colorful, beautiful and sustainable coatings solutions. From light vehicles, commercial vehicles and refinish applications to electric motors, building facades and other industrial applications, our coatings are designed to prevent corrosion, increase productivity and enhance durability. With more than 150 years of experience in the coatings industry, the global team at Axalta continues to find ways to serve our more than 100,000 customers in over 140 countries better every day with the finest coatings, application systems and technology. For more information visit axalta.com and follow us on LinkedIn.

Not for publication – for more information AkzoNobel Media Relations

AkzoNobel Investor RelationsT +31 (0)88 - 969 7833
Contact: Diana Abrahams
[email protected] +31 (0)88 - 969 0139
Contact: Jan Willem Enhus
[email protected]  Axalta Media RelationsAxalta Investor RelationsT +31 (0)88 - 969 7833
Contact: Patricia Morschel
[email protected] +1 (610) 999-9407
Contact: Colleen Lubic
[email protected]   Safe Harbor Statement

This media release contains statements which address such key issues as AkzoNobel’s growth strategy, future financial results, market positions, product development, products in the pipeline and product approvals. Such statements should be carefully considered, and it should be understood that many factors could cause forecast and actual results to differ from these statements. These factors include, but are not limited to, price fluctuations, currency fluctuations, developments in raw material and personnel costs, pensions, physical and environmental risks, legal issues, and legislative, fiscal, and other regulatory measures, as well as significant market disruptions. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies. For a more comprehensive discussion of the risk factors affecting our business, please see our latest annual report.

Important Information Regarding the Proposed Axalta Transaction
General Restrictions
This communication is not for release, publication, or distribution, in whole or in part, in or into, directly or indirectly, any jurisdiction in which such release, publication, or distribution would be unlawful.

This communication is not a prospectus and the information in this communication is not intended to be complete. This communication is for informational purposes only and is not intended to be and shall not constitute a solicitation of any vote or approval, or an offer to buy or sell, or the solicitation of an offer to buy or sell, any securities, or an invitation or recommendation to subscribe for, acquire or buy securities of AkzoNobel or Axalta or any other financial products or securities, in any place or jurisdiction, nor shall there be any offer, solicitation or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended (the “Securities Act”).

Any decision to purchase, subscribe for, otherwise acquire, sell or otherwise dispose of any securities must be made only on the basis of the information contained in and incorporated by reference into the prospectus with respect to the shares to be allotted by AkzoNobel in the proposed transaction, which was published on June 24, 2026. 

The distribution of this communication may, in some countries, be restricted by law or regulation. Accordingly, persons who come into possession of this document should inform themselves of and observe these restrictions. To the fullest extent permitted by applicable law, AkzoNobel and Axalta disclaim any responsibility or liability for the violation of any such restrictions by any person. Neither AkzoNobel, nor Axalta, nor any of their advisors assume any responsibility for any violation by any person of any of these restrictions. Shareholders of AkzoNobel and Axalta, respectively, with any doubt as to their position should consult an appropriate professional advisor without delay.

This communication is addressed to and directed only at, persons who are outside the United Kingdom or, in the United Kingdom, at persons who are: (i) persons having professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”), (ii) persons falling within Article 49(2)(a) to (d) of the Order, or (iii) persons to whom it may otherwise lawfully be communicated pursuant to the Order (all such persons together being referred to as, “Relevant Persons”). This communication is directed only at Relevant Persons. Other persons should not act or rely on this communication or any of its contents.   Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with such persons. Solicitations resulting from this communication will only be responded to if the person concerned is a Relevant Person.

Additional Information and Where To Find It
In connection with the proposed transaction between AkzoNobel and Axalta, AkzoNobel filed with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement on Form F-4 on May 27, 2026, as amended on June 18, 2026, which included a proxy statement of Axalta that also constitutes a prospectus with respect to the shares to be offered by AkzoNobel in the proposed transaction. The registration statement was declared effective by the SEC on June 23, 2026. In connection with the proposed transaction, on June 24, 2026, Axalta filed with the SEC a definitive proxy statement and, on or about June 24, 2026, Axalta commenced mailing the definitive proxy statement to its holders of record as of June 11, 2026. Each of AkzoNobel and Axalta will also file other relevant documents in connection with the proposed transaction. This communication is not a substitute for any registration statement, proxy statement/prospectus or other documents AkzoNobel and/or Axalta may file with the SEC or any other competent regulator in connection with the proposed transaction. This communication does not contain all the information that should be considered concerning the proposed transaction and is not intended to form the basis of any investment decision or any other decision in respect of the proposed transaction. BEFORE MAKING ANY VOTING OR INVESTMENT DECISIONS, INVESTORS, STOCKHOLDERS AND SHAREHOLDERS OF AKZONOBEL AND AXALTA ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE PROXY STATEMENT/PROSPECTUS, AS APPLICABLE, AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, IN CONNECTION WITH THE PROPOSED TRANSACTION WHEN THEY BECOME AVAILABLE, AS THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT AKZONOBEL, AXALTA, THE PROPOSED TRANSACTION AND RELATED MATTERS. The registration statement and proxy statement/prospectus and other relevant documents filed by AkzoNobel and Axalta with the SEC are available free of charge at the SEC’s website at www.sec.gov. In addition, investors and shareholders are able to obtain free copies of the proxy statement/prospectus and other documents filed with the SEC from Axalta’s investor relations webpage at https://ir.axalta.com/sec-filings/all-sec-filings or from AkzoNobel’s investor relations webpage at https://www.akzonobel.com/en/investors/all-sec-filings.

The contents of this communication should not be construed as financial, legal, business, investment, tax or other professional advice. Each recipient should consult with its own professional advisors for any such matter and advice.

Participants in the Solicitation
This communication is not a solicitation of proxies in connection with the proposed transaction. However, under SEC rules, AkzoNobel, Axalta and certain of their respective directors and executive officers and other members of their respective management and employees may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of proxies in connection with the proposed transaction, including a description of their direct or indirect interests in the proposed transaction, by security holdings or otherwise, is set forth in the definitive proxy statement/prospectus relating to the proposed transaction, which was filed with the SEC on June 24, 2026. Information about AkzoNobel’s supervisory board members and members of the board of management is set forth in AkzoNobel’s latest annual report, as filed with the AFM, the Dutch trade register and on its website at https://www.akzonobel.com/en/investors/results-center, and as updated from time to time via filings made by AkzoNobel with the AFM. Additional information regarding the interests of persons who may, under the rules of the SEC, be deemed participants in the solicitation of Axalta security holders in connection with the proposed transaction, which may, in some cases, be different than those of Axalta’s shareholders generally, including a description of their direct or indirect interests, by security holdings or otherwise, will be set forth in the proxy statement/prospectus and other relevant materials when they are filed with the SEC. These documents can be obtained free of charge from the sources indicated above.

Cautionary Statement Concerning Forward-Looking Statements
This communication contains forward-looking statements as that term is defined in Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995, regarding, among other things, statements about management’s expectations of AkzoNobel’s and Axalta’s future operating and financial performance, product development, market position, and business strategy. Such forward-looking statements can sometimes be identified by the use of forward-looking terms such as “believes,” “expects,” “may,” “will,” “shall,” “should,” “would,” “could,” “potential,” “seeks,” “aims,” “projects,” “predicts,” “is optimistic,” “intends,” “plans,” “estimates,” “targets,” “anticipates,” “continues” or other comparable terms or negatives of these terms, but not all forward-looking statements include such identifying words. You are cautioned not to rely on these forward-looking statements. Forward-looking statements are based upon current plans, estimates and expectations that are subject to risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. We can give no assurance that such plans, estimates or expectations will be achieved and therefore, actual results may differ materially from any plans, estimates or expectations in such forward-looking statements. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include: a condition to the closing of the proposed transaction may not be satisfied; the occurrence of any event that can give rise to termination of the proposed transaction; a regulatory approval that may be required for the proposed transaction is delayed, is not obtained or is obtained subject to conditions that are not anticipated; AkzoNobel and Axalta are unable to achieve the synergies and value creation contemplated by the proposed transaction; AkzoNobel and Axalta are unable to promptly and effectively integrate their businesses; management’s time and attention is diverted on transaction related issues; the possibility that competing offers or acquisition proposals may be made; disruption from the proposed transaction makes it more difficult to maintain business, contractual and operational relationships; the credit ratings of AkzoNobel or Axalta decline following the proposed transaction; legal proceedings are instituted against AkzoNobel or Axalta, including resulting expense or delay; AkzoNobel or Axalta is unable to retain or hire key personnel; the communication or the consummation of the proposed acquisition has a negative effect on the market price of the capital stock of AkzoNobel or Axalta or on AkzoNobel’s or Axalta’s operating results; evolving legal, regulatory and tax regimes; changes in economic, financial, political and regulatory conditions, in the Netherlands, the United States and elsewhere, and other factors that contribute to uncertainty and volatility, natural and man-made disasters, civil unrest, pandemics (e.g., the coronavirus (COVID-19) pandemic), geopolitical uncertainty, and conditions that may result from legislative, regulatory, trade and policy changes associated with the current or subsequent United States or Netherlands administration; the ability of AkzoNobel or Axalta to successfully recover from a disaster or other business continuity problem due to a hurricane, flood, earthquake, terrorist attack, war, pandemic, security breach, cyber-attack, power loss, telecommunications failure or other natural or man-made event, including the ability to function remotely during long-term disruptions; the impact of public health crises, such as pandemics and epidemics and any related company or governmental policies and actions to protect the health and safety of individuals or governmental policies or actions to maintain the functioning of national or global economies and markets, including any quarantine, “shelter in place,” “stay at home,” workforce reduction, social distancing, shut down or similar actions and policies; actions by third parties, including government agencies; the risk that disruptions from the proposed transaction will harm AkzoNobel’s or Axalta’s business, including current plans and operations and/or divert management’s attention from AkzoNobel’s or Axalta’s ongoing business operations; certain restrictions during the pendency of the acquisition that may impact AkzoNobel’s or Axalta’s ability to pursue certain business opportunities or strategic transactions; AkzoNobel’s or Axalta’s ability to meet expectations regarding the accounting and tax treatments of the proposed transaction; the risks and uncertainties discussed in AkzoNobel’s latest annual report as filed with the AFM, the Dutch trade register and on its website at https://www.akzonobel.com/en/investors/results-center; and the risks and uncertainties discussed in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections in Axalta’s reports filed with the SEC. These risks, as well as other risks associated with the proposed transaction, are more fully discussed in the proxy statement/prospectus. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. We caution you not to place undue reliance on any of these forward-looking statements as they are not guarantees of future performance or outcomes and that actual performance and outcomes, including, without limitation, our actual results of operations, financial condition and liquidity, and the development of new markets or market segments in which we operate, may differ materially from those made in or suggested by the forward-looking statements contained in this communication. Except as required by law, neither AkzoNobel nor Axalta assumes any obligation to update or revise the information contained herein, which speaks only as of the date hereof.

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of [url="]Kahn Swick and Foti[/url], LLC (“KSF”) are investigating the propo

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