PHINIA Inc. reported first-quarter 2026 adjusted earnings of $1.29 per share on October 10, 2023, reflecting a 37.2% increase year over year and exceeding the Zacks Consensus Estimate of 92 cents by 40.2%. Net sales reached $878 million, up 10.3% from the previous year and surpassing the estimate of $840 million by 4.5%. The adjusted EBITDA margin remained stable at 13.1%, attributed to cost management and increased volumes.
Key sales drivers included the Fuel Systems unit, which generated $549 million, and the Aftermarket business, contributing $329 million. The company closed the quarter with $328 million in cash, and total debt stood at $992 million. For the full year 2026, PHINIA projects net sales between $3.52-$3.72 billion, with adjusted EBITDA expected at $485-$525 million.
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