Stock Track | Axalta Coating Soars 5.51% in Pre-market Trading on Q2 Earnings Beat and Acquisitions Boost

Stock Track07-28

Shares of Axalta Coating Systems (AXTA) surged 5.51% in pre-market trading on Tuesday, following the release of its second-quarter financial results that surpassed analyst expectations.

The coatings manufacturer reported adjusted earnings per share of $0.72, exceeding the consensus estimate of $0.65. Net sales rose 3.1% to $1.35 billion, beating the $1.31 billion forecast. The company attributed the sales growth to favorable price mix, foreign currency translation, and contributions from acquisitions.

For the third quarter, Axalta expects adjusted diluted EPS of approximately $0.70, with low single-digit year-over-year net sales growth. Full-year 2026 adjusted EPS guidance was set at $2.55 to $2.70, compared to analyst expectations of $2.61.

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