Earnings ·
PHINIA Inc. reported second quarter 2026 financial results, announcing net sales of $940 million, a 5.6% increase…
PHINPhinia Inc.
PHINIA Inc. reported second quarter 2026 financial results, announcing net sales of $940 million, a 5.6% increase year-over-year, and net earnings of $40 million with an adjusted EBITDA of $130 million. The company entered into a definitive agreement to acquire the stoba Group, expected to close in Q4 2026, subject to regulatory approvals. PHINIA refined its full-year 2026 guidance, projecting net sales between $3.57 billion and $3.67 billion, with adjusted EBITDA of $485 million to $515 million and adjusted free cash flow of $210 million to $250 million. The company returned $53 million to shareholders through $42 million in share repurchases and $11 million in dividends. PHINIA Inc. is a diversified industrial supplier and global leader in the development of fuel systems, electrical systems, and aftermarket solutions.