Axalta (AXTA) · wyniki II kw. 2026 i wycena

Przy wzroście 1,6% rocznie (3-letni wzrost przychodów) wartość godziwa z modelu to $14.92 na akcję — kurs jest o 140% powyżej niej. Obecna cena zakłada wzrost o 9,4% rocznie.

1. Prognoza

   Third-quarter net sales expected to rise a low single-digit percentage year over year.

   Cytat ze źródła

   “Specifically, for the third quarter, we expect net sales to increase by low single-digit percent compared to the prior year period, with adjusted EBITDA in the range of $295...”

2. Liczba

   Net sales increased 3% year-over-year to just under $1.35 billion, marking the highest quarterly sales performance over the past several quarters.

   Cytat ze źródła

   “Net sales were up 3% year-over-year, coming in at just under $1.35 billion, the highest quarterly sales performance over the past...”

3. Słabnie

   Per-share profit beat the outlook by 12% thanks to lower interest expense, yet adjusted EBITDA and margin both declined year over year.

   Cytat ze źródła

   “Adjusted diluted earnings per share was $0.56, exceeding our outlook by 12%, supported by lower interest expense and stronger overall... Adjusted EBITDA in the quarter was $259 million, resulting in an adjusted EBITDA margin of 20.6%, while both metrics were lower year-on-year, we did perform above expectations as reductions in operating expenses and variable costs helped to offset lower volumes in Performance Coatings. Our momentum in cash generation remains strong.”

Management sounded noticeably less positive answering analysts than in its prepared script — a bigger drop than in 93% of calls. Scripts are polished in advance; a drop under questioning often marks the topics analysts pressed on, so the answers deserve a closer read than the script.

Zdania, które wpłynęły na ton

“Because of your efforts, we're well positioned to capitalize on growth opportunities, maintain industry-leading profitability and maximize the value of our proposed combination with AkzoNobel for our shareholders.”

“Well-defined a plan targets that put our customers first, purpose-driven innovation and profitable growth, fueled by outstanding operational performance and a global team that is second to none put us...”

“In Industrial, we're far outperforming our expectations for profitability with 13 quarters of adjusted EBITDA margin expansion, despite the choppy macro environment in North America.”