Phinia Reports Q2 2026 Earnings with Strong Sales Growth
Phinia (PHIN) reported second-quarter results for fiscal year 2026, showing net sales of $940 million, a 5.6% increase driven by growth in both the Fuel Systems and Aftermarket segments. The company's adjusted EBITDA rose to $130 million with an operating margin of 13.8%. Phinia also announced its acquisition of stoba Group for approximately six times EBITDA, expected to close in Q4 2026. The firm returned $53 million to shareholders through share repurchases and dividends during the quarter, bringing cumulative returns since July 2023 to $665 million. Phinia raised its full-year net sales guidance to between $3.57 billion and $3.67 billion while maintaining a strong liquidity position of $820 million. Despite overall growth, CEO Brady Ericson noted challenges in the Chinese light vehicle market, with CFO Chris Gropp highlighting that tariff pass-throughs reduced top-line results by about $7 million.
Topics: acquisition financial_performance shareholder_returns