Overview
PHINIA Q3 net sales rise 8.2% yr/yr, beating analyst expectations
Adjusted EPS for Q3 beats analyst estimates
Company completes $47 mln acquisition of SEM, enhancing alternative fuel systems
Outlook
Company expects 2025 net sales between $3.39 bln and $3.45 bln
PHINIA projects 2025 net earnings of $100 mln to $110 mln
Company forecasts 2025 adjusted free cash flow of $175 mln to $205 mln
Result Drivers
SEM ACQUISITION - Completion of SEM acquisition contributed to sales growth and aligns with strategic growth roadmap
PRICING AND TARIFF RECOVERIES - Adjusted sales increase driven by customer pricing, tariff recoveries, and increased volumes in Asia and the Americas
R&D SAVINGS - Adjusted EBITDA growth attributed to R&D savings, partially offset by increased employee costs and unfavorable product mix
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$908 mln
$871.15 mln (3 Analysts)
Q3 Adjusted EPS
Beat
$1.59
$1.18 (4 Analysts)
Q3 Net Income
$13 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"
Wall Street's median 12-month price target for Phinia Inc is $61.00, about 9.9% above its October 27 closing price of $54.95
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago
Press Release: ID:nBw7pk54la
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)