Axalta Coating Systems supports merger with AkzoNobel
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 17 2025
0mins
Axalta Coating Systems Ltd's stock rose by 4.07% as it reached a 20-day high. The increase comes amid AkzoNobel's decision to reject a cash takeover offer from Nippon Paint and Sherwin-Williams, choosing instead to support a merger with Axalta. This strategic move indicates confidence in the future collaboration between the two companies.
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Analyst Views on AXTA
Wall Street analysts forecast AXTA stock price to rise
11 Analyst Rating
5 Buy
6 Hold
0 Sell
Moderate Buy
Current: 30.190
Low
33.00
Averages
38.20
High
45.00
Current: 30.190
Low
33.00
Averages
38.20
High
45.00
About AXTA
Axalta Coating Systems Ltd. is a global coatings company. The Company is a manufacturer, marketer and distributor of coatings systems and products. Its segments include Performance Coatings and Mobility Coatings. Through its Performance Coatings segment, it provides sustainable liquid and powder coating solutions to both large regional and global customers and to a fragmented and local customer base. These customers comprise, among others, independent or multi-shop operator body shops as well as a wide variety of industrial manufacturers. Through its Mobility Coatings segment, it provides coatings technologies for light vehicle and commercial vehicle original equipment manufacturers (OEMs). Its key products consist of the four main coatings layers: electrocoat (AquaEC), primer (HyperDur), basecoat (ChromaDyne) and clearcoat (Lumeera). Its major industrial brands include Imron Industrial, Tufcote Industrial, Corlar Industrial, Strenex Industrial, PercoTop, Voltatex, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Merger Impact Analysis: Upon completion of the merger, Equity Residential shareholders will own approximately 48.8% of the combined entity, which may affect their voting rights and future earnings potential.
- Legal Service Commitment: Halper Sadeh LLC offers legal services with no upfront costs, promising to charge fees only upon successful outcomes, aimed at helping shareholders protect their rights and seek potential compensation.
- Additional Company Investigations: The firm is also investigating transactions involving Axalta Coating Systems Ltd. and Akzo Nobel N.V., as well as LivePerson, Inc. and SoundHound AI, Inc., which may involve violations of securities laws and fiduciary duties.
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Axalta (AXTA) Q1 2026 Earnings Call Transcript
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- Revenue and EBITDA Growth: The company reported Q1 revenue of $1.25 billion, exceeding estimates by $40 million, with adjusted EBITDA of $259 million and a margin of 20.6%, showcasing effective cost management and operational efficiency.
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- Revenue Decline Forecast: The expected revenue for Q1 is $1.21 billion, down 4.0% year-over-year, highlighting Axalta's struggles with sales growth amid increasing market competition and rising raw material costs.
- Historical Performance Review: Over the past two years, Axalta has exceeded EPS estimates 88% of the time, while only achieving a 38% success rate for revenue estimates, demonstrating volatility in its earnings performance.
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- Shareholder Rights Investigation: Halper Sadeh LLC is investigating the transaction between AvalonBay Communities, Inc. and Equity Residential, where the latter is acquiring AvalonBay shares for 2.793 shares of Equity Residential stock, potentially impacting shareholder rights.
- Merger Impact Analysis: Upon completion of the merger, Equity Residential shareholders will own approximately 48.8% of the combined entity, which may affect their voting rights and future earnings potential.
- Legal Service Commitment: Halper Sadeh LLC offers legal services with no upfront costs, promising to charge fees only upon successful outcomes, aimed at helping shareholders protect their rights and seek potential compensation.
- Additional Company Investigations: The firm is also investigating transactions involving Axalta Coating Systems Ltd. and Akzo Nobel N.V., as well as LivePerson, Inc. and SoundHound AI, Inc., which may involve violations of securities laws and fiduciary duties.
See More
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- Market Performance: On Wednesday, the pan-European Stoxx 600 index rose by 0.3%, reflecting investor reactions to the latest military operations and declining oil prices, while the UK's FTSE 100 index fluctuated, and Germany's DAX increased by 0.6%.
- Oil Price Decline: Global benchmark Brent crude futures fell by 2.3% to $97.30 per barrel, and West Texas Intermediate futures dropped by 2.8% to $91.23 per barrel, potentially impacting energy-related stocks.
- Automotive Sector Recovery: The European auto sector rose nearly 2%, bolstered by a 5.1% year-on-year increase in new car registrations in the EU, with Renault's stock jumping over 4% and Stellantis rising by 2.9%.
- AkzoNobel Stock Surge: AkzoNobel's shares surged by 15.1% after rejecting a cash takeover offer from Nippon Paint and Sherwin-Williams, opting instead to continue supporting a merger with Axalta.
See More
Axalta Coating Systems Q1 2026 Earnings Call Highlights
- Strong Financial Performance: Axalta reported net sales of $1.25 billion and adjusted EBITDA of $259 million for Q1 2026, exceeding expectations and demonstrating the company's execution capabilities amid volatility.
- Record Cash Flow: The company achieved a record operating cash flow of $68 million and free cash flow of $21 million in the first quarter, indicating effective cash management and capital allocation strategies.
- Debt Management Optimization: Axalta repaid $54 million of debt during the quarter, resulting in a net leverage ratio of 2.3x, with expectations to drop below 2x by year-end, reflecting proactive measures to reduce financial risk and strengthen capital structure.
- Cautious Market Outlook: While maintaining full-year guidance, management cautioned that EBITDA and EPS may track closer to the lower end due to demand signals, with global auto production expectations revised down from 92 million to 91 million units, highlighting market uncertainties.
See More
Axalta (AXTA) Q1 2026 Earnings Call Transcript
See More
Axalta Reports Q1 Earnings Exceeding Expectations
- Strong Earnings Performance: Axalta's Q1 non-GAAP EPS of $0.56 beats expectations by $0.06, indicating sustained profitability despite a 0.8% year-over-year revenue decline.
- Revenue and EBITDA Growth: The company reported Q1 revenue of $1.25 billion, exceeding estimates by $40 million, with adjusted EBITDA of $259 million and a margin of 20.6%, showcasing effective cost management and operational efficiency.
- Record Cash Flow: Axalta achieved record operating cash flow of $68 million in Q1, up $42 million year-over-year, and free cash flow of $21 million, an increase of $35 million, highlighting robust cash generation capabilities.
- Stable Future Outlook: The company maintains an optimistic outlook for Q2 and full-year 2026, projecting adjusted EPS of $0.65 and free cash flow exceeding $500 million, reflecting stability and growth potential in the market.
See More
Axalta Coating Systems Q1 Earnings Preview
- Earnings Announcement Date: Axalta Coating Systems (AXTA) is set to announce its Q1 2023 earnings on April 30 before market open, with a consensus EPS estimate of $0.50, reflecting a 15.3% year-over-year decline, indicating significant profitability challenges for the company.
- Revenue Decline Forecast: The expected revenue for Q1 is $1.21 billion, down 4.0% year-over-year, highlighting Axalta's struggles with sales growth amid increasing market competition and rising raw material costs.
- Historical Performance Review: Over the past two years, Axalta has exceeded EPS estimates 88% of the time, while only achieving a 38% success rate for revenue estimates, demonstrating volatility in its earnings performance.
- Expectation Revision Trends: In the last three months, there have been no upward revisions to EPS estimates and 10 downward revisions, while revenue estimates saw one upward revision and nine downward revisions, reflecting a lack of market confidence in Axalta's future performance.
See More
