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

09:32 AM EDT, 10/29/2026 (MT Newswires) -- 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.