PHINIA Reports Q3 2026 Results with Increased Full-Year Guidance and Stoba Group Acquisition
PHINIA Inc. (PHIN) reported third-quarter 2026 results characterized by steady net sales of $912 million and a significant 15.1% increase in adjusted EPS to $1.83. While Power Systems sales saw a slight decline due to non-recurring pricing actions, Aftermarket Solutions experienced growth driven by demand in the Americas. The company successfully completed the acquisition of Stoba Group on October 1, 2026, aimed at expanding its footprint in industrial and aerospace markets. Reflecting confidence in market demand for commercial vehicles in North America and Europe, management raised its full-year revenue guidance midpoint by $35 million. Despite facing geopolitical uncertainties, shipping challenges, and a negative tariff recovery impact of $21 million, PHINIA maintains a strong liquidity position of $813 million and continues to prioritize shareholder returns through dividends and share repurchases.
Tickers: $PHIN
Topics: adjusted eps ebitda free cash flow net sales revenue guidance shareholder returns