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.