Axalta Coating Systems Ltd.

Ladies and gentlemen, thank you for standing by. Welcome to Axalta Coating Systems' second quarter 2026 earnings call. All participants will be in a listen-only mode. A question and answer session will follow the presentation by management. Today's call is being recorded and a replay will be available through May 7th. Those listening after today's call should please note that the information provided in the recording will not be updated and therefore may no longer be current. I will now turn the call over to Colleen Lubic, Vice President of Investor Relations.

Good morning, everyone, and thank you for joining us today to discuss Axalta's second quarter 2026 financial results. I'm Colleen Lubic, Vice President of Investor Relations. Joining me today are Chris Villavarayan, our Chief Executive Officer, and Carl Anderson, our Chief Financial Officer. Before we begin, Please turn to slide two for our forward-looking statements and non-GAAP disclosures. We posted our second quarter of 2026 financial results this morning. You can find today's presentation and supporting materials on the investor relations section of our website at Axalta.com. Our remarks today in the slide presentation may include forward-looking statements reflecting our current views of future events, and their potential impact on Axalta's performance and with respect to the proposed mergers of equals between Axalta and Axa Novell. 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 and 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. I will now turn the call over to Chris.

Thank you, Colleen, and good morning, everyone. Let's turn to slide three. I want to begin the call by congratulating our team on an exceptional quarter. We set records for adjusted EBITDA, which increased 5% from the prior period to $305 million. Adjusted Diluted ETFs, which improved 13% year-over-year to 72 cents, exceeding our expectations, and we have the lowest net leverage in Ataxalta's history. Also notable is net sales growth of 3% year-over-year and an excellent adjusted EBITDA margin of 22.7%. Up 30 basis points, from the prior year period and the highest second quarter in many years. We are clearly on track to achieve the key milestones set as part of our aid plan that we will close out this year. Cash was again a great story this quarter. We delivered 152 million in cash from operations and 107 million in free cash flow, an improvement of 6% year-over-year. Based on our first half performance, we remain well positioned to deliver another year of excellent cash generation. The Axalta team has driven growth, controlled the controllables, and significantly improved the balance sheet. Let's turn to slide four. Across the portfolio, the disciplined execution and operational excellence we have worked on perfecting over the last several years has paid off. Investments in technology within all businesses, substantial operational enhancements, and cultural changes that include accelerated decision-making and accountability has elevated our product and service offerings. These offerings have translated into meaningful business wins across all end markets. Starting with refinish, net sales increased 6% year-over-year. and many more. In addition, in July, we won approximately 800 new North American locations associated with leading MSOs. This represents excellent wins for Axalta and further reinforced our growth momentum. As I've told you before, 90% of our 95,000 refinished customers are small businesses. Time in a body shop is money, and we optimize this for them by creating productivity and efficiency improvements. 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. In Asia, we have delivered six consecutive quarters of net sales growth driven by higher demand for energy solutions, and in Europe, we've posted another quarter of volume growth. While North America remains challenged, The business is not standing still. When demand recovers, and we certainly expect that it will, we're positioned to capitalize on volumes as we enter the next upcycle with record levels of profitability driven by a cost structure that is significantly more efficient than in prior cycles. In mobility, we delivered a record quarter in net sales of $474 million, including record quarterly sales in commercial vehicles. Our commercial transportation solutions business continues to perform exceptionally well at record levels, and we're benefiting from the ramp-up in Class 8 production in North America. We are equally pleased with the consistency and profitability of the mobility segment, which delivered an adjusted EBITDA margin of 18.4%. The combination of flawless execution and disciplined cost and productivity initiatives differentiate Axalta. This represents our eighth consecutive quarter of lower operating expenses on a constant currency basis. In addition, variable input costs declined this quarter by nearly 2%. These actions contribute to record quarterly adjusted EBITDA and the highest second quarter margin in the last 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 an excellent position for our next chapter with Axel Nobel. With that, I'll turn the call over to Carl to go through the financials.