PHINIA delivered a strong third quarter in 2025 with net sales increasing by 8.2% to $908 million and adjusted EBITDA rising by $13 million to $133 million. However, net earnings decreased to $13 million, primarily due to a one-time loss from a separation-related claims settlement. The company also completed the acquisition of Swedish Electromagnet Invest AB (SEM) for approximately $47 million, expanding its presence in alternative fuel ignition systems.
PHINIA Inc. reported first-quarter 2025 net sales of $796 million, a decrease of 7.8% year-over-year. Net earnings were $26 million, down $3 million, and adjusted EBITDA was $103 million, a decrease of $28 million. The company returned $111 million to shareholders through share repurchases and dividends.
Phinia reported Q4 2024 results with net sales of $833 million, a decrease of 5.6% compared to Q4 2023. Operating income was $51 million, a decrease of $30 million year-over-year. Net earnings were $5 million, a decrease of $28 million year-over-year. Adjusted free cash flow was $72 million, compared to $55 million in Q4 2023.
PHINIA Inc. reported a decrease in net sales but an increase in operating income, net earnings, and adjusted EBITDA for the third quarter of 2024. The company is revising its full-year 2024 guidance due to softening end vehicle markets.
PHINIA reported net sales of $868 million, a decrease of 2.1% compared to Q2 2023. The company's operating income was $71 million with a margin of 8.2%. Adjusted free cash flow was $108 million for the quarter.
PHINIA reported a 3.4% increase in net sales to $863 million, with operating income at $71 million and adjusted operating income at $97 million. Adjusted net earnings per diluted share were $1.08. The company reaffirmed its full year 2024 outlook.
Phinia Inc. reported a 3.6% increase in U.S. GAAP net sales for Q4 2023, reaching $882 million. Operating income was $81 million, with adjusted operating income at $89 million. The company's net earnings were $0.70 per diluted share, with an adjusted net earnings of $0.71 per diluted share. The company expects net sales of $3.42 billion to $3.57 billion and adjusted free cash flow of $160 to $200 million for 2024.
PHINIA reported a 4.3% increase in net sales to $896 million compared to Q3 2022. The company's operating income was $58 million, with an adjusted operating income of $82 million. Net earnings were $0.24 per diluted share, with an adjusted net earnings of $0.53 per diluted share.
Phinia reported an 11.4% year-over-year sales growth to $887 million in Q2 2023. The company's operating income was $56 million, and net earnings reached $35 million.