Record Adjusted EBITDA and EPS
Axalta achieved a record for adjusted EBITDA at $270 million, a 4% increase year-over-year, and adjusted diluted EPS grew by 16% to $0.59.
Innovation Recognition
Axalta received two Edison Awards and a Big Innovation Award for its products, Irus Scan and MyColor, marking the seventh consecutive year of receiving an Edison Award.
Operational Efficiency Improvements
Operating expenses decreased by 4% from last year due to savings from transformation initiatives, and EBITDA margin grew by 140 basis points.
Strong Performance in Mobility Coatings
Mobility Coatings segment achieved a 230 basis point margin expansion to 16.5%, driven by strong performance in Light Vehicle and price/cost stability.
Successful New Body Shop Additions
Axalta added approximately 900 net new body shops, outperforming the industry in Refinish.