Axalta Coating Systems Ltd. (AXTA) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you. I'm Colleen Lubick, Vice President of Investor Relations. With me today are Chris Villavarayan, our CEO and President, and Carl Anderson, our Chief Financial Officer. We posted our fourth quarter and full year 2025 financial results this morning. You can find today's presentation and supporting materials on the Investor Relations section of our website at Exalta.com, which we will be referring to on this call. Our remarks today and the slide presentation may include forward-looking statements, reflecting our current views of future events and their potential impact on Exalta's performance with respect to the proposed merger of equals between Exalta and AxoNovell. These statements involve risks and uncertainties, and actual results and outcomes may differ materially. We are under no obligation to update these statements. Our remarks in this slide presentation also contain various non-GAAP financial measures. We included reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures. Refer to our filings with the SEC for more information. With that, I'll turn the call over to Chris. Thank you, Colleen, and good morning, everyone. In the fourth quarter, Exalta delivered another period of strong operational execution, solid margin performance, and record cash generation. We generated net sales of approximately $1.3 billion, despite ongoing macro headwinds in North America with year-over-year growth in three of our four regions. Adjusted EBITDA was $272 million, with a margin remaining strong at 21.5% and improvement of 50 basis points versus last year. This marks our seventh consecutive quarter at or above our A-Plan margin target of 21%, underscoring the strength of our commercial discipline, pricing actions, and ...