Earnings call transcript: Impact Coatings posts stronger margins in Q2 2026

Impact Coatings issued a mixed second-quarter earnings report for 2026, with improved margins but uneven revenue and continued losses. The Swedish company reported a higher gross margin of 62%, up from 48% a year ago, as well as a reduced operating loss of 13.0 million SEK. However, total revenue fell to 10.5 million SEK, down from 14.7 million SEK a year earlier.

The Coating Services unit, which drives growth, more than doubled compared to the previous year, benefiting from demand in energy, electronics, and luxury goods. In contrast, aftermarket sales fell to 0.6 million SEK from 2.1 million SEK, due to lower customer site activity. Despite the earnings decline, the company's gross profit margin of 68% over the past year ranks among its strongest metrics.

Management pointed to a strong order backlog of 29.4 million SEK and ongoing searches for an industrial investor, while highlighting progress in Europe's hydrogen and energy markets. The company's focus remains on its platform model and the IC500 and IC2000 coating systems, which cater to smaller batches and higher-volume energy applications, respectively.