{"schema_version":"secwatch.filing_event.v1","accession":"0001616862-23-000016","form_type":"8-K","ticker":"AXTA","cik":"0001616862","company_name":"Axalta Coating Systems Ltd.","filed_at":"2023-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.679408+00:00","generated_at":"2026-06-16T03:35:06.537099+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Axalta Q1 net sales +9.4% YoY to $1.28B; adj. EBIT +25% to $149M; EPS $0.27 above guidance","bullets":["Q1 net sales $1.28B, up 9.4% YoY (12.1% ex-FX); price/mix +9.4%, volume +2.7%, FX -2.7%","Income from operations $125.3M vs $86.3M; adj. EBIT $149.3M (+25% YoY); margins improved 140bps to 11.6%","Diluted EPS $0.27 (adj. $0.35) vs $0.18 ($0.31) in Q1 2022; net income $60.5M vs $41.5M","Mobility Coatings net sales +21.4% (volume +16.5%); adj. EBIT $23.5M vs $0.5M, margin 5.4% vs 0.1%","Paid down $75M on term loan; net debt/LTM EBITDA 3.7x; free cash flow -$87.6M vs -$80.2M"],"urls":{"canonical":"https://secwatch.observer/filing/0001616862-23-000016","json":"https://secwatch.observer/filing/0001616862-23-000016.json","markdown":"https://secwatch.observer/filing/0001616862-23-000016.md","text":"https://secwatch.observer/filing/0001616862-23-000016.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1616862/000161686223000016/0001616862-23-000016-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1616862/000161686223000016/axta-20230502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T03:35:06.537099+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"23a564c92fbcb886c06ddc595c8a9b384d362551","claim":"Axalta Coating Systems Ltd. reported first quarter ended March 31, 2023 results: revenue $1,283.9, net income $60.5 million, EPS $0.27.","evidence_excerpt":"Price/Mix FX Performance Coatings Net Sales $847.1 $814.4 4.0% (3.4%) 10.3% (2.9%) Mobility Coatings Net Sales $436.8 $359.7 21.4% 16.5% 7.2% (2.3%) Total Axalta Net Sales $1,283.9 $1,174.1 9.4% 2.7% 9.4% (2.7%) Income from operations $125.3 $86.3 45.2% Adjusted EBIT $149.3 $119.5 24.9% % margin 11.6% 10.2% 1 Performance Coatings Results ($ in millions) Q1","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1616862/000161686223000016/0001616862-23-000016-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$1,283.9"},{"label":"Net income","value":"$60.5 million"},{"label":"EPS","value":"$0.27"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}