International. Axalta Coating Systems Ltd., a leading global coatings company, reported its financial results for the second quarter ended June 30, 2025, highlighting a positive performance in profitability despite a slight decline in sales.
The company reported net sales of $1.3 billion, representing a 3% year-over-year decline. Net income reached 110 million dollars, with a margin of 8.4%. Adjusted EBITDA posted a record $292 million, with a margin expanding 90 basis points to 22.4%. Diluted earnings per share fell 2% to $0.50, while adjusted diluted earnings per share increased 5% to $0.64.
By segments, the Performance Coatings business reported net sales of $836 million, compared to $887 million in the same period of 2024, mainly due to lower volumes, although the recent acquisition of CoverFlexx and the favorable impact of currencies mitigated part of the decline. In contrast, the Mobility Coatings segment grew 1% to $469 million, thanks to momentum in three of its four regions.
Strategically, Axalta executed $65 million in share buybacks and was recognized with the 2025 PACE Pilot Innovation Award from Automotive News. It also continued to advance restructuring programs that contributed to the reduction of operating expenses, interest and taxes.
Chris Villavarayan, CEO and President of the company, said: "We had another excellent quarter, setting new records for Adjusted EBITDA and Adjusted Diluted EPS. Our performance reflects Axalta's drive for operational excellence and our commitment to meeting financial targets and generating value through our Plan A objectives."
Regarding the projections for the 2025 financial year, Axalta expects net sales of between 5,200 and 5,275 million dollars. Adjusted EBITDA would be between $1.14 billion and $1.165 billion, while adjusted diluted EPS is projected in the range of $2.45 to $2.55. Free cash flow would reach between $475 million and $500 million.
