Phinia has reported its financial results for the third quarter (quarter ended 30 September 2026).

It said net sales increased 0.4% to $912 million; excluding the impact of foreign currency, net sales remained flat year over year.

Net earnings were reported at $67 million, or $1.80 per diluted share; Adjusted net earnings of $68 million, or $1.83 per adjusted diluted share, an increase from $1.59 last year.

Adjusted EBITDA increased $2 million to $135 million; Adjusted EBITDA margin rate was 14.8%, an increase of 20 basis points (bps).

“Our third quarter results were consistent with our expectations and reflect stable end market demand, continued aftermarket momentum, and strong financial discipline,” said Brady Ericson, President and Chief Executive Officer of PHINIA. “We generated another quarter of profitable growth, with Adjusted EBITDA increasing $2 million, or 20 bps, despite higher R&D spending and investments in customer relationships, demonstrating the resilience of our business and consistent execution. Based on our solid third quarter results and the continued business momentum, we are updating our fiscal 2026 financial guidance.

“We made further progress on our key strategic priorities during the quarter, highlighted by strong new award activity in targeted growth markets and consistent execution on our disciplined capital allocation strategy. Our business momentum continued into the third quarter, as we delivered strong new award activity, with awards focused on emerging growth industries. Importantly, we returned $76 million of capital to shareholders during the quarter, which represents 104% of adjusted free cash flow, and we remain committed to our balanced capital allocation strategy, which is focused on investments for growth, strategic acquisitions, and capital returns.

“We are focused on building a diversified growth business, driven by strong product leadership, expansion into growth markets, product innovation, and disciplined financial execution. Our strong new business momentum and consistent financial results are evidence our strategy is working. We remain committed to our strategic framework and confident in our ability to execute on our key priorities, all with a focus on delivering value for our shareholders,” added Ericson.

Phinia said it secured several new business awards and expanded its global distribution reach, including the following:

• First methanol engine program, extending PHINIA’s technology into alternative fuels and industrial off-highway applications in China.
• New compressed natural gas (CNG) injector program for the Indian light passenger vehicle market, strengthening PHINIA’s position across diverse fuels, applications, and regions.
• GDI pump award for a new range-extender application in North America, demonstrating the continued relevance of PHINIA technology across evolving powertrain architectures.
• New customer win for the North American fuel injector remanufacturing business, expanding the diesel customer base.
• Won competitive-conquest Aftermarket braking business in Spain and expanded Southeast Asian distribution, including increased penetration of steering & suspension products.
• Secured new business across diesel, vehicle electronics and engine management systems (EMS) in Saudi Arabia, Portugal and Spain, expanding customer and product penetration.

Phinia also raised its 2026 full-year guidance slightly: