PHINIA Inc. announced on August 6, 2026, that Pedro Abreu will transition from Vice President and Chief Strategy Officer to President of the newly named Power Systems segment, effective September 1, 2026. Concurrently, Daniel Griffin was appointed President of Aftermarket Solutions, following a renaming of the company's Fuel Systems and Aftermarket reportable segments. This leadership change reflects strategic realignment within the organization. PHINIA Inc. operates in the automotive industry, designing and manufacturing fuel systems and powertrain components.

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.