PHINIA Inc. Reports First Quarter 2026 Financial Results

PHINIA Inc. announced its first quarter 2026 financial results, reporting net sales of $878 million, a 10.3% increase compared to Q1 2025. Net earnings were $37 million, with a net margin of 4.2%, an increase of $11 million year-over-year. Adjusted EBITDA was $115 million, with an adjusted EBITDA margin of 13.1%. The company reported net earnings per diluted share of $0.96, and adjusted net earnings per diluted share of $1.29. PHINIA returned $67 million to shareholders through share repurchases and dividends. The company secured several key wins in strategic growth markets, including contracts for Compressed Natural Gas Fuel Rail Assembly, a jet fuel direct injector program, and a direct injection fuel rail assembly contract. PHINIA ended the quarter with $328 million in cash and cash equivalents and expects 2026 net sales between $3.52 billion and $3.72 billion.