PHINIA (NYSE:PHIN) Announces Earnings Results, Misses Expectations By $0.04 EPS

PHINIA (NYSE:PHIN) issued its quarterly earnings data on Thursday. The company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.04), FiscalAI reports. PHINIA had a return on equity of 13.86% and a net margin of 3.73%.The firm had revenue of $940.00 million for the quarter, compared to the consensus estimate of $918.83 million.

Here are the key takeaways from PHINIA’s conference call:

• Second-quarter results exceeded the prior year: sales rose 5.6% to $940 million, adjusted EBITDA increased 3% to $130 million, and adjusted EPS climbed 20.5% to $1.53. Both Fuel Systems and Aftermarket delivered year-over-year revenue growth.
• PHINIA agreed to acquire Stoba Group for approximately six times EBITDA, adding about $80 million in third-party revenue and $25 million in adjusted EBITDA on a run-rate basis. Management expects the deal to expand exposure to off-highway, industrial, aerospace and defense, and semiconductor equipment markets, with closing expected in the fourth quarter.
• Strong cash generation and leverage support continued capital returns and M&A flexibility. The company generated $74 million of adjusted free cash flow in the quarter, ended with $820 million of liquidity and 1.3x net leverage, and returned $53 million through dividends and share repurchases.
• PHINIA narrowed its 2026 revenue outlook while maintaining the midpoint, but reduced adjusted EBITDA guidance to $485 million-$515 million and adjusted free cash flow guidance to $210 million-$250 million. Management cited foreign-exchange effects, tariff recoveries, product mix and higher incentive compensation as margin pressures, while light-vehicle weakness in China remains a concern.

PHINIA Trading Up 0.7%

PHIN opened at $73.56 on Friday. PHINIA has a twelve month low of $48.94 and a twelve month high of $86.93. The company has a quick ratio of 1.32, a current ratio of 1.81 and a debt-to-equity ratio of 0.63. The company has a fifty day moving average of $79.45 and a 200-day moving average of $74.30. The stock has a market cap of $2.72 billion, a PE ratio of 21.08 and a beta of 1.13.

PHINIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Tuesday, June 9th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, June 9th. PHINIA’s dividend payout ratio is currently 33.52%.

Insider Buying and Selling at PHINIA

In other news, VP Samantha Pombier sold 2,227 shares of PHINIA stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $82.36, for a total value of $183,415.72. Following the completion of the transaction, the vice president directly owned 6,637 shares of the company’s stock, valued at approximately $546,623.32. This trade represents a 25.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Michael Coetzee sold 1,250 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $80.61, for a total value of $100,762.50. Following the completion of the transaction, the vice president directly owned 27,009 shares in the company, valued at $2,177,195.49. This represents a 4.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.20% of the stock is owned by insiders.

Institutional Investors Weigh In On PHINIA

Several large investors have recently added to or reduced their stakes in PHIN. Vanguard Personalized Indexing Management LLC grew its stake in PHINIA by 2.4% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 8,748 shares of the company’s stock valued at $548,000 after acquiring an additional 207 shares during the period. Hancock Whitney Corp lifted its holdings in shares of PHINIA by 0.5% in the third quarter. Hancock Whitney Corp now owns 62,643 shares of the company’s stock valued at $3,601,000 after purchasing an additional 311 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of PHINIA by 0.8% during the second quarter. California State Teachers Retirement System now owns 40,101 shares of the company’s stock valued at $1,784,000 after buying an additional 327 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of PHINIA by 6.1% during the fourth quarter. Advisors Asset Management Inc. now owns 5,932 shares of the company’s stock valued at $372,000 after buying an additional 343 shares during the last quarter. Finally, SkyView Investment Advisors LLC grew its holdings in PHINIA by 2.6% during the second quarter. SkyView Investment Advisors LLC now owns 15,523 shares of the company’s stock worth $692,000 after buying an additional 387 shares in the last quarter. Institutional investors and hedge funds own 90.94% of the company’s stock.

Key PHINIA News

Here are the key news stories impacting PHINIA this week:

• Positive Sentiment: Second-quarter revenue rose 5.6% year over year to $940 million, exceeding the analyst consensus of approximately $919 million. Management highlighted continued growth, cash generation, and business momentum. PHINIA Reports Second Quarter 2026 Results
• Positive Sentiment: PHINIA agreed to acquire the stoba Group, a specialist in high-precision components and customized manufacturing solutions. The transaction is expected to close in the fourth quarter of 2026 and could expand PHINIA’s technology and manufacturing capabilities. PHINIA Inc. Earnings Call: Growth, Cash and Deals
• Positive Sentiment: The company returned $53 million to shareholders during the quarter, including $42 million in share repurchases and $11 million in dividends. PHINIA ended the period with $370 million in cash, supporting financial flexibility for capital returns and strategic investments.
• Neutral Sentiment: Management maintained 2026 revenue guidance of approximately $3.57 billion to $3.67 billion. The midpoint is slightly below the roughly $3.7 billion analyst consensus, suggesting expectations for moderate growth but limited near-term upside to estimates. PHINIA Q2 2026 Earnings Call Transcript
• Negative Sentiment: Quarterly earnings of $1.53 per share missed the $1.58 consensus estimate, despite improving from $1.27 a year earlier. Net earnings were reported at $40 million, down from $46 million in the prior-year quarter, reflecting pressure on profitability. Phinia Misses Q2 Earnings Estimates
• Negative Sentiment: The stoba acquisition will require regulatory approvals and closing conditions, while PHINIA carries approximately $1.02 billion of debt. These factors may temper the benefits of the deal if integration costs or leverage increase.

Analyst Ratings Changes

A number of brokerages have recently commented on PHIN. Zacks Research lowered PHINIA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. UBS Group lowered their price objective on PHINIA from $81.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday. Wall Street Zen lowered shares of PHINIA from a “strong-buy” rating to a “buy” rating in a report on Saturday. KeyCorp initiated coverage on shares of PHINIA in a research report on Friday, June 12th. They set an “overweight” rating and a $105.00 target price on the stock. Finally, Northland Securities set a $98.00 target price on shares of PHINIA in a report on Friday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $76.33.

About PHINIA

PHINIA Inc engages in the development, design, and manufacture of integrated components and systems that optimize performance, increase efficiency, and reduce emissions in combustion and hybrid propulsion for commercial and light vehicles, and industrial applications. The company operates through Fuel Systems and Aftermarket segments. The Fuel Systems segment provides advanced fuel injection systems, including pumps, injectors, fuel rail assemblies, and engine control modules; fuel delivery modules; canisters; sensors; and electronic control modules.