Earnings Releases·Oct 29, 2026, 7:32 AM ET

PHINIA — Third Quarter 2026 Earnings Summary

Net earnings rose to $67 million ($1.80 per share) from $13 million ($0.33 per share) year-over-year, while adjusted net earnings increased to $68 million ($1.83 per share) from $63 million ($1.59 per share); net sales grew 0.4% to $912 million.
Full-year 2026 guidance was raised across all key metrics, including net sales ($3,625–$3,675 million), net earnings ($160–$182 million), and adjusted EBITDA ($500–$520 million), now incorporating the fourth-quarter contribution from the stoba Group acquisition.
Capital returned to shareholders totaled $76 million, comprising $65 million in equity repurchases and $11 million in dividends, representing 104% of adjusted free cash flow.
Adjusted free cash flow declined to $73 million from $104 million year-over-year due to unfavorable working capital impacts and tax payments, though core business sales increased $21 million excluding tariff volatility.
The company secured new business awards in China, India, and North America across alternative fuels and engine management systems, while maintaining a net leverage ratio of 1.3x with $813 million in total liquidity.