Axalta Highlights Operating Discipline in Q1 Update
Image courtesy of Axalta.
Axalta Coating Systems Ltd. announced its financial results for the first quarter ended March 31, 2025.
Net income rose sharply compared to the prior-year period, reaching $99 million. The company reported record first quarter adjusted EBITDA of $270 million, with adjusted EBITDA margin expanding to 21.4%. First quarter net sales totaled $1.26 billion, down slightly year over year due to foreign currency headwinds and lower volumes, particularly in the Performance Coatings segment.
The Performance Coatings business posted $822 million in net sales and generated adjusted EBITDA of $197 million, driven by lower operating and variable costs. Mobility Coatings reported $440 million in sales and $73 million in adjusted EBITDA, with growth in Light Vehicle coatings partially offset by declines in Commercial Vehicle sales.
Axalta also provided forward-looking guidance for 2025, projecting full-year net sales between $5.3 billion and $5.375 billion and adjusted diluted EPS between $2.50 and $2.60.
CEO and President Chris Villavarayan credited the company's operating discipline and progress under its "One Axalta" strategy for the improved performance.
Learn more: https://ir.axalta.com.
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