PCI previously reported on Axalta’s full-year and fourth-quarter 2025 financial results here.

Axalta Coating Systems reported declines in key finishing-related segments as part of its fourth-quarter and full-year 2025 financial results, with volume softness most visible in refinish and industrial coatings.

In its Performance Coatings segment, fourth-quarter net sales decreased 6% year over year, driven in part by lower volumes in North America and Europe. Refinish net sales declined 7% year over year to $509 million, which the company attributed primarily to reduced claims activity and customer inventory dynamics in North America.

Industrial coatings also reflected weaker finishing demand. Fourth-quarter industrial net sales decreased 5% year over year to $282 million, as lower industry activity outweighed favorable foreign currency impacts.

Overall, Axalta reported that lower volumes and unfavorable price-mix contributed to a decline in Performance Coatings adjusted EBITDA compared to the prior year period.

At the company level, fourth-quarter net sales decreased 4% year over year, primarily reflecting lower volumes in a challenging economic environment.

The results point to softer activity across core finishing markets, particularly in automotive refinish and industrial applications, where demand is closely tied to collision frequency, manufacturing output and customer inventory trends.

Read the full results here.