Business
PHINIA Reports Fourth Quarter and Full Year 2025 Results
AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, today reported
About this update from Phinia Inc.
[{"type":"text","content":" AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, today reported results for the fourth quarter and full year ended December 31, 2025. Fourth Quarter Highlights: Net sales of $889 million, an increase of 6.7% compared with Q4 2024. Excluding the impacts of foreign currency and acquisitions, increases of $25 million and $12 million, respectively, net sales increased $19 million or 2.3%, primarily driven by tariff recoveries and increased volumes in Asia and Americas, partially offset by reduced volumes in Europe. Net earnings of $45 million and net margin of 5.1%, representing a year-over-year increase of $40 million and 450 bps, respectively. Adjusted EBITDA of $116 million, representing a year-over-year increase of $6 million primarily driven by research and development and supply chain savings and tariff recoveries, partially offset by unfavorable product mix. Adjusted EBITDA margin of 13.0%, a year-over-year decrease of 20 bps primarily driven by unfavorable product mix and foreign currency, partially offset by research and development and supply chain savings. Net earnings per diluted share of $1.15. Adjusted net earnings per diluted share of $1.18 (excluding $0.03 per diluted share related to non-comparable items detailed in the non-GAAP appendix below), primarily driven by a lower provision for income taxes, the operational increases detailed above and a reduction in share count. Returned $40 million to shareholders through $30 million of share repurchases and $10 million in dividends. Full Year 2025 Highlights: Net sales of $3.48 billion, an increase of 2.4% compared with full year 2024. Excluding the impacts of contract manufacturing arrangements that ended in 2024, a decrease of $23 million, and foreign currency and the acquisition of SEM, increases of $45 million and $20 million, respectively, sales increased $38 million or 1.1%, primarily driven by tariff recoveries. Net earnings of $130 million and net margin of 3.7%, representing a year-over-year increase of $51 million and 140 bps, respectively. Adjusted EBITDA of $478 million was flat year-over-year, with adjusted EBITDA margin of 13.7%, lower by 40 bps, primarily due to the dilutive effect of tariff recoveries. Excluding the impacts of the tariff dilution and foreign c...