Axalta changes non-GAAP metrics, recasts prior periods; 2026 targets unchanged

Axalta Coating Systems Ltd.

Will cease adjusting for step-up depreciation from DuPont acquisition; instead adjusts for amortization of all acquired intangibles.
SEC comment letter resolved; changes effective with Q4 and full-year 2024 results.
Recast tables provided for all quarters in 2023 and 2024 for Adjusted EBIT, Net Income, ROIC, and EPS.
2026 A Plan targets unchanged; 2023 Adjusted EPS baseline updated to $1.68, implying 2026 target ~$2.69.
No change to 2026 ROIC target of approximately 15% or >60% Adjusted EPS growth from 2023 baseline.

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