Phinia reported second-quarter 2026 net sales of $940 million, a 5.6% increase from the prior year, driven by volume growth in both the Fuel Systems and Aftermarket segments. Fuel Systems sales rose 5% to $584 million with an adjusted operating margin of 11%, while Aftermarket sales climbed 6.6% to $356 million with a 17.1% margin. Adjusted EBITDA reached $130 million, up $4 million, though the margin dipped 40 basis points to 13.8%, and adjusted earnings per share jumped 20.5% to $1.53. The company announced the acquisition of the stoba Group, which is expected to add $80 million in annual third-party revenue and $25 million in EBITDA, closing in the fourth quarter of 2026. CEO Brady Ericson noted weakness in China's light vehicle market, where the local market is down in the mid-teens, while CFO Chris Gropp said about half of booked tariff pass-throughs will be returned to customers, reducing sales by $7 million. Phinia tightened its full-year net sales guidance to $3.57 billion to $3.67 billion and raised its adjusted free cash flow outlook to $210 million to $250 million.
PHINIA Inc.Q2 earnings beat with EPS up 20.5%, raised FCF outlook, and announced accretive acquisition of stoba Group.
Acquired by Phinia, expected to add $80M revenue and $25M EBITDA, closing Q4 2026.