PHINIA Inc. ( (PHIN) ) has released its Q3 earnings. Here is a breakdown of the information PHINIA Inc. presented to its investors.
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PHINIA Inc., headquartered in Auburn Hills, Michigan, is a leading provider of premium fuel and electrical systems, as well as aftermarket solutions, catering to a diverse range of vehicles and industrial applications worldwide.
In its third-quarter 2025 earnings report, PHINIA Inc. highlighted a significant acquisition and an increase in net sales, despite a decrease in net earnings due to one-time losses. The company continues to focus on strategic growth and operational excellence.
PHINIA reported net sales of $908 million, marking an 8.2% increase from the previous year, driven by customer pricing, tariff recoveries, and increased volumes in Asia and the Americas. The acquisition of Swedish Electromagnet Invest AB for $47 million is a strategic move to enhance its alternative fuel ignition systems portfolio. However, net earnings decreased by $18 million to $13 million, primarily due to a settlement-related loss. Adjusted EBITDA rose to $133 million, reflecting operational improvements.
The company secured several new business wins, including contracts for next-generation technologies and components across various regions, reinforcing its market position. PHINIA also returned $41 million to shareholders through share repurchases and dividends.
Looking ahead, PHINIA remains committed to its growth strategy, with an updated full-year guidance reflecting the integration of SEM and anticipated sales between $3.39 billion and $3.45 billion. The company aims to maintain its focus on innovation and market expansion to drive long-term value creation.