Quarterly ResultApr 30, 2026, 07:37 AM
PHIN Q1 Net Sales +10.3% to $878M; EPS $0.96; Adj. EPS $1.29
AI Summary
PHINIA Inc. reported strong first-quarter 2026 financial results, with net sales increasing 10.3% to $878 million and net earnings rising to $37 million. The company achieved a record adjusted free cash flow for the first quarter and saw adjusted diluted EPS grow by over 37% year-over-year. PHINIA also highlighted significant strategic business wins across diversified end markets and alternative fuels, while reaffirming its full-year 2026 guidance.
Key Highlights
- Net sales of $878 million, up 10.3% YoY; 3.6% excluding FX and acquisition impacts.
- Net earnings of $37 million, up $11 million YoY; diluted EPS of $0.96.
- Adjusted EBITDA of $115 million, up $12 million YoY; Adjusted EBITDA margin 13.1%.
- Adjusted diluted EPS of $1.29, reflecting over 37% increase compared to Q1 2025.
- Returned $67 million to shareholders ($56 million share repurchases, $11 million dividends).
- Record Q1 adjusted free cash flow of $42 million, an increase of $45 million YoY.
- Secured strategic business wins in alternative fuels, commercial vehicles, and aerospace & defense.
- Reaffirmed 2026 full-year guidance for net sales, net earnings, and adjusted EBITDA.