PHINIA Inc. delivered third quarter 2026 results that exceeded analyst estimates, driven by a resilient Aftermarket segment and stable industrial demand. The company raised its full-year 2026 guidance for sales and EBITDA, reflecting strong new business awards in methanol and CNG technologies and the inclusion of the recently closed stoba Group acquisition.
Key Highlights
- Aftermarket Solutions net sales grew 4.2% to $351 million, significantly outperforming expectations and offsetting a 1.8% decline in the Power Systems segment.
- Adjusted EBITDA margin expanded 20 basis points to 14.8% through disciplined financial execution, despite increased R&D spending on alternative fuel programs.
- Capital returns remained a priority with $76 million returned to shareholders in the quarter, representing 104% of adjusted free cash flow.