---
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"
generated_at: "2026-06-16T03:35:06.537099+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Axalta Q1 net sales +9.4% YoY to $1.28B; adj. EBIT +25% to $149M; EPS $0.27 above guidance

## Summary
- 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

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001616862-23-000016
- JSON: https://secwatch.observer/filing/0001616862-23-000016.json
- Plain text: https://secwatch.observer/filing/0001616862-23-000016.txt

## Key facts
- Earnings Releases
  Axalta Coating Systems Ltd. reported first quarter ended March 31, 2023 results: revenue $1,283.9, net income $60.5 million, EPS $0.27.
  - Period: first quarter ended March 31, 2023
  - Revenue: $1,283.9
  - Net income: $60.5 million
  - EPS: $0.27
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1616862/000161686223000016/0001616862-23-000016-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.