PHINIA Q1 sales beat estimates on Asia and Americas growth

PHINIA

30/04/2026 12:50

Overview

US industrial supplier's Q1 net sales rose 10% yr/yr, beating analyst expectations

Adjusted net earnings per diluted share rose to $1.29 from $0.94 yr/yr

Growth driven by higher volumes in Asia and Americas and tariff recoveries

Outlook

PHINIA maintains 2026 net sales guidance of $3.52 bln to $3.72 bln

Company projects 2026 net earnings of $165 mln to $195 mln and adjusted EBITDA of $485 mln to $525 mln

PHINIA expects 2026 adjusted free cash flow of $200 mln to $240 mln

Result Drivers

COST CONTROLS - Supplier savings and overhead cost controls contributed to higher adjusted EBITDA margin

TARIFF RECOVERIES - Net sales and adjusted EBITDA benefited from tariff recoveries

RECORD FREE CASH FLOW - Adjusted free cash flow reached a record Q1 level due to higher earnings, improved working capital and lower capital expenditures

Company press release: ID:nBw5n3Y24a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$878 mln
$852.33 mln (3 Analysts)
Q1 EPS
$0.96
Q1 Net Income
$37 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "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 $89.00, about 23.4% above its April 29 closing price of $72.11

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)