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Phinia Inc
F:3A6

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Phinia Inc
F:3A6
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Price: 65.5 EUR -3.68% Market Closed
Market Cap: €2.5B

Phinia Inc
Investor Relations

Phinia makes parts that help engines run more efficiently and cleanly. Its main products are fuel systems, injectors, pumps, and engine-management components used in gasoline, diesel, and alternative-fuel vehicles and industrial engines. It also sells replacement parts and service products through the aftermarket. The company sells to vehicle and engine makers, as well as distributors, repair shops, and fleet customers that need replacement parts over time. It makes money by supplying original equipment parts to manufacturers and by selling branded replacement parts and systems for maintenance and repair. This gives it two demand sources: new vehicles and the much longer aftermarket cycle. What sets Phinia apart is its focus on the fuel-delivery side of the powertrain, which sits in the middle of the value chain between engine design and final vehicle assembly. It does not build complete vehicles or engines; it supplies the specialized hardware that makes them work. That makes the business more like a critical component provider than a finished-goods manufacturer.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Apr 30, 2026
AI Summary
Q1 2026

Strong start: PHINIA said first-quarter results came in line with expectations, with net sales of $878 million, up 10.3%, and adjusted EPS of $1.29, up 37% year over year.

Broad-based growth: Both Fuel Systems and Aftermarket posted year-over-year growth for the fourth straight quarter, helped by steady demand, replacement-cycle strength, and some early signs of improvement in commercial vehicles.

Margins mixed: EBITDA improved to $115 million, but management said some Fuel Systems programs are still ramping and creating temporary mix pressure that should ease as the year progresses.

Guidance reaffirmed: The company reiterated full-year 2026 guidance for revenue of $3.5 billion to $3.7 billion, adjusted EBITDA of $485 million to $525 million, and adjusted free cash flow of $200 million to $240 million.

Cash returns: PHINIA highlighted strong liquidity, a 1.4x net leverage ratio, and $67 million returned to shareholders in the quarter through buybacks and dividends.

New wins: Management pointed to new business in aerospace and defense, alternative fuels, and the independent aftermarket as signs that diversification is continuing to gain traction.

Key Financials
Net sales
$878 million
Adjusted EBITDA
$115 million
Adjusted EBITDA margin
13.1%
Adjusted earnings per diluted share
$1.29
Fuel Systems sales
$549 million
Fuel Systems adjusted operating margin
9.3%
Aftermarket sales
$329 million
Aftermarket adjusted operating margin
17%
Cash and cash equivalents
$328 million
Total liquidity
$808 million
Net leverage ratio
1.4x
Cash from operations
$53 million
Adjusted free cash flow
$42 million
Share repurchases
$56 million
Dividends
$11 million
Remaining share repurchase authorization
$258 million
IEEPA-related tariffs
about $40 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Brady D. Ericson
President, CEO & Director
No Bio Available
Ms. Chris P. Gropp
Executive VP & CFO
No Bio Available
Mr. Todd L. Anderson
VP & CTO
No Bio Available
Mr. Robert Boyle
VP, General Counsel & Secretary
No Bio Available
Ms. Alisa Di Beasi
VP & Chief Human Resource Officer
No Bio Available
Ms. Samantha M. Pombier
VP, Controller & Chief Accounting Officer
No Bio Available
Mr. Matthew Logar
VP & CIO
No Bio Available
Mr. Michael Heifler
Vice President of Investor Relations
No Bio Available
Mr. Sebastian Dori
VP & Chief Purchasing Officer
No Bio Available
Gordon Muir
VP & Treasurer
No Bio Available

Contacts

Address
MICHIGAN
Auburn Hills
3000 University Drive
Contacts
+12487549200
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