Axalta Coating Systems Q3 Adjusted Earnings Fall, Revenue Rise; 2026 Adjusted EPS Outlook Lowered -- Shares Drop

MT Newswires Live10-29 21:32

Axalta Coating Systems (AXTA) reported Q3 adjusted earnings Thursday of $0.63 per adjusted diluted share, down from $0.67 a year earlier.

Analysts polled by FactSet expected $0.70.

Net sales for the quarter ended Sept. 30 were $1.31 billion, up from $1.29 billion a year earlier.

Analysts polled by FactSet expected $1.33 billion.

The company said it expects Q4 adjusted earnings of $0.55 per share. Analysts polled by FactSet expect $0.64.

Fiscal 2026 adjusted earnings are now expected to be $2.45 per share, the company said. That compares with the company's prior outlook of $2.55 to $2.70. Analysts are looking for $2.61.

The company forecast flat net sales growth for Q4 and low-single-digit year-over-year for the full year.

Axalta Coating Systems shares were down 2.4% in recent Thursday trading.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment