PHINIA reports Q3 2026 earnings beat and raises full‑year outlook after Stoba acquisition
PHINIA Inc. posted third‑quarter 2026 net sales of $912 million, net income of $67 million and adjusted diluted EPS of $1.83, beating analyst expectations. Adjusted EBITDA rose to $135 million, a 14.8% margin, and the company lifted its full‑year 2026 revenue guidance to $3.625 billion‑$3.675 billion and adjusted EBITDA guidance to $500 million‑$520 million. The quarter also closed the acquisition of the Stoba Group on October 1, 2026, funded with cash, and returned $76 million to shareholders via share repurchases and dividends.
Why it matters
The raised revenue and EBITDA guidance expands the upside for investors, as the company now expects higher earnings for the full year (the company announced the new guidance). The acquisition of Stoba adds off‑highway industrial exposure and is expected to generate synergies, while the $76 million return to shareholders improves cash yield.
Key facts
- 1Q3 2026 net sales were $912 million, up 0.4% year‑over‑year. stocktitan.net
- 2Net income for the quarter was $67 million, or $1.80 per share. finance.yahoo.com
- 3Adjusted diluted EPS was $1.83, beating the consensus estimate of $1.33. investing.com
- 4Adjusted EBITDA was $135 million, a 14.8% margin, up 20 basis points from the prior year. stocktitan.net
- 5Full‑year 2026 revenue guidance was raised to $3.625 billion‑$3.675 billion. finance.yahoo.com
- 6Full‑year 2026 adjusted EBITDA guidance was set at $500 million‑$520 million. finance.yahoo.com
Summary written by AlphAI AI Desk from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.