---
schema_version: "secwatch.filing_event.v1"
accession: "0001616862-23-000071"
form_type: "8-K"
ticker: "AXTA"
cik: "0001616862"
company_name: "Axalta Coating Systems Ltd."
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T02:42:06.317309+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Axalta Q3 net sales up 5.7% to $1.3B; raises FY 2023 earnings outlook

## Summary
- Net sales $1.3B, up 5.7% YoY; income from operations $163M, up 32% YoY.
- Adjusted EBIT $188M, margin 14.3% up 240 bps; adjusted EPS $0.45 vs $0.39.
- Free cash flow $182M, up from $51M; repurchased $50M in shares at avg $27.79.
- Performance Coatings net sales $856M (+2.2%); Mobility Coatings $453M (+13%).
- FY 2023 guidance: Adj. EBIT ~$670M, Adj. EBITDA ~$950M, FCF ~$400M.

## SEC filing metadata
- accession: 0001616862-23-000071
- form_type: 8-K
- ticker: AXTA
- cik: 0001616862
- company_name: Axalta Coating Systems Ltd.
- filed_at: 2023-11-01T23:59:59+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/1616862/000161686223000071/0001616862-23-000071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1616862/000161686223000071/axta-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001616862-23-000071
- JSON: https://secwatch.observer/filing/0001616862-23-000071.json
- Plain text: https://secwatch.observer/filing/0001616862-23-000071.txt

## Key facts
- Earnings Releases
  Axalta Coating Systems Ltd. reported the third quarter ended September 30, 2023 results: revenue $1.3 billion, net income $73 million, EPS $0.33 per diluted share. Guidance raised.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $1.3 billion
  - Net income: $73 million
  - EPS: $0.33 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: coatings company, announced its financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Highlights: ▪ Net sales increased 5.7% year-over-year to $1.3 billion ▪ Income from operations increased $40 million year-over-year to $163 million and Adjusted EBIT increased $40 million year over year to $188 million ▪ Operating margins increased
  evidence_url: https://www.sec.gov/Archives/edgar/data/1616862/000161686223000071/0001616862-23-000071-index.htm

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