Axalta Coating Systems (AXTA) reported Q1 adjusted net income Wednesday of $0.59 per diluted share, up from $0.51 a year earlier. Analysts polled by FactSet expected $0.55.

Sales for the quarter ended March 31 were $1.26 billion, down from $1.29 billion a year earlier. Analysts were expecting $1.29 billion. Shares were slipping pre-bell, down more than 4%.

For Q2, the industrial chemical coatings manufacturer expects adjusted diluted EPS of $0.60 to 0.63, while the Street expects $0.65.

For 2025, the company continues to expect adjusted diluted EPS of $2.50 to $2.60. Analysts polled by FactSet expect $2.49.