PHINIA Q2 sales rise 5.6%, beat estimates
PHIN•What drove the quarter
The company said higher sales volumes in the Americas were the main driver of underlying net sales growth, partly offset by tariff recoveries.
Integration of Swedish Electromagnet Invest AB (SEM) contributed to sales and adjusted EBITDA growth.
PHINIA also said increased employee-related costs, mainly variable and stock-based compensation, and an unfavorable product mix reduced margins.
Outlook and acquisition
PHINIA expects 2026 net sales of $3.57 billion to $3.67 billion.
The company projects 2026 net earnings of $155 million to $180 million and 2026 adjusted EBITDA of $485 million to $515 million.
PHINIA also agreed to acquire stoba Group, expanding its manufacturing capabilities.
Q2 sales and earnings results
PHINIA said second-quarter sales rose 5.6% to $940 million, beating analyst expectations of $926.81 million.
Adjusted earnings per share for the quarter were , missing the consensus estimate of . Net income was .
