Axalta (AXTA) Q1: $1.25B sales, $259M EBITDA; $600M synergies from AkzoNobel deal
Axalta Coating Systems Ltd. reported strong Q1 2026 results with $1.254 billion in net sales and $259 million in adjusted EBITDA, exceeding expectations. The company also set a first-quarter record for cash provided by operations at $68 million and free cash flow at $21 million. Axalta maintained its full-year guidance and reiterated a $600 million annual run-rate synergy target for its proposed merger with AkzoNobel, with shareholder votes expected by early July.