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.
Net sales decreased by 7.8% to $796 million compared to Q1 2024, primarily driven by lower OEM sales across all regions.
Net earnings were $26 million with a net margin of 3.3%, representing a year-over-year decrease of $3 million and 10 bps.
Adjusted EBITDA was $103 million with an adjusted EBITDA margin of 12.9%, a decrease of $28 million and 260 bps year-over-year.
The company returned $111 million to shareholders, including $100 million in share repurchases and $11 million in dividends.
PHINIA reaffirms its full-year 2025 guidance, expecting net sales between $3.23 billion and $3.43 billion, net earnings between $140 million and $170 million, and adjusted EBITDA between $450 million and $490 million.
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