Filing Flows › Axalta Coating Systems (AXTA) › Q1 2026
Axalta Coating Systems (AXTA) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Axalta Coating Systems (AXTA) reported revenue of $1.3B for the first quarter 2026 (Q1 2026), -0.6% from a year earlier and -0.6% from the quarter before. Operating margin was 11.6%, net earnings $91.0M (7.3% of revenue).
Axalta Coating Systems, Q1 2026: revenue $1.3B (-0.6% year over year), operating margin 11.6%, net earnings $91.0M, operating cash flow $68.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | -0.6% | -0.6% |
| Operating profit | $146M | -10% | -17% |
| Net earnings | $91.0M | +52% | -8% |
| Operating cash flow | $68.0M | -80% | +162% |
| Free cash flow | $21.0M | — | — |
What changed
Revenue was $1.3B in Q1 2026, down 1% year over year and down 1% from the previous quarter. Performance Coatings was the largest line at 64% of revenue. Performance Coatings lost $0.02B year over year (down 2%), 250% of the total change.
Operating profit was $0.15B, a 11.6% margin (down 2.3 points year over year). Total costs grew 2% against a revenue fall of 1%. The fastest-growing cost line was Other operating costs (+37%). Net earnings were $0.09B, down 9% year over year. The effective tax rate was 13.3%.
Operating cash flow was $0.07B (up 162% year over year), 75% of net earnings. Non-cash charges added back $0.08B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.11B. After purchase of property, plant and equipment, net ($0.05B), free cash flow as the company reports it was $0.02B.
Questions
What was Axalta Coating Systems' revenue in the first quarter 2026?
Axalta Coating Systems (AXTA) reported revenue of $1.3B for the first quarter 2026 (Q1 2026), -0.6% from a year earlier and -0.6% from the quarter before.
Was Axalta Coating Systems profitable in the first quarter 2026?
Operating profit was $146M (11.6% of revenue) and net earnings $91.0M.