$68.650
+0.584 (+0.85%)At close
PHIN News
PHIN Events
Company Adjusts 2026 Sales Guidance to $3.57B-$3.67B
The Company is refining its guidance and now expects 2026 net sales of $3.57B-$3.67B. This implies a year-over-year growth of 2% to 5% in 2026. The Company's net earnings and adjusted EBITDA are projected to be $155M-$180M and $485M-$515M, respectively, with net earnings margin of 4.3% to 4.9% and adjusted EBITDA margin of 13.5% to 14.1%. The Company expects to generate $210M-$250M in adjusted free cash flow. Adjusted tax rate is expected to be in the range of 30% to 33%.
PHINIA to Acquire 100% Equity of stoba Group
PHINIA entered into a definitive agreement to acquire 100% of the equity interests of the stoba Group, a global technology partner specialized in high-precision components, systems, and customized manufacturing solutions. The proposed transaction is expected to close in the fourth quarter of 2026, subject to customary regulatory approvals and closing conditions. The company said, "The stoba Group's precision engineering and advanced manufacturing expertise is expected to complement PHINIA's current portfolio and enhance PHINIA's ability to deliver high-precision components, systems, and integrated solutions globally. PHINIA believes the acquisition will also strengthen supply continuity and resilience, while further expanding PHINIA's capabilities in complex component manufacturing, advanced engineering, and system integration. The acquisition of the stoba Group will broaden PHINIA's presence across a variety of strategic sectors, including passenger and commercial vehicles, off-highway, industrial, capital equipment, semiconductors, and aerospace and defense." Management expects to provide further details regarding the proposed transaction during the Company's second quarter 2026 earnings call on July 30, 2026.
Company Expects 2026 Net Sales of $3.52B to $3.72B
The Company continues to expect 2026 net sales of $3.52 billion to $3.72 billion. This implies a year-over-year growth of 1% to 7% in 2026. The Company's net earnings and adjusted EBITDA are projected to be $165 million to $195 million and $485 million to $525 million, respectively, with net earnings margin of 4.7% to 5.2% and adjusted EBITDA margin of 13.7% to 14.3%. The Company expects to generate $200 million to $240 million in adjusted free cash flow. Adjusted tax rate is expected to be in the range of 30% to 34%.
PHINIA Q1 Revenue of $878M Beats Expectations
Reports Q1 revenue $878M, consensus $850.75M. "I'm pleased with our first-quarter performance, which underscores our disciplined execution and continued focus on creating value for our shareholders. Adjusted earnings per diluted share increased by more than 37% compared with the first quarter of 2025. Building on the strong performance we delivered in 2025 and the confidence we shared at our 2026 Investor Day, we are seeing growing traction in attractive new markets and expanding our customer base, including new wins in alternative fuels, commercial vehicles and aerospace and defense," said Brady Ericson, President and Chief Executive Officer of PHINIA.
Dow Jones Falls 669.42 Points, Nasdaq Drops 469.32 Points
The major averages closed broadly lower amid concerns over technology profits after a tepid margin outlook from Cisco Systems, whose forecast underscored that higher memory-chip prices are taking a toll. Looking to commodities, gold scaled back after yesterday's gains, slipping over 2%. Oil was also sharply lower following the EIA natural gas storage data.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Ciscoprovided areport for Q2 and raised its quarterly dividendMcDonald'sreportedand provided its outlook for 2026FedExsaid it now sees itsof $3.99 and that its planned FedEx Freight spinoff is on track for June 1President Donald Trump ordered the Pentagon to buyAnthropic raised $30B in Series G funding at a2. WALL STREET CALLS:Shopifyto Outperform at Mizuho and to Buy at TD CowenDeutsche Bank upgraded BorgWarnerto Buy on "pivotal shift" to AIRBCHumanaon Medicare Advantage cost pressureKraft Heinzto Underweight at JPMorganCoinbaseto Sell at Monness Crespi ahead of Q4 report3. AROUND THE WEB:Italy's tax police have carried out searches of Amazon'sMilan offices, Reuters saysApple'slong-planned update of its Siri virtual assistant has run into some issues during recent testing, possibly delaying the release of several highly anticipated functions, Bloomberg reportsAdam Mosseri, the CEO of Meta'sInstagram, on Wednesday disputed claims that the platform prioritized making money over the mental health of young users in a landmark tech addiction case, saying social media is not "clinically addictive" and that Meta was careful to test features used by young people, NY Times saysAeroVironment'sLOCUST laser counter-drone weapon system was deployed by the U.S. Army on Wednesday near El Paso International Airport, Reuters reportsChina's ByteDance is in talks with Samsungto manufacture an AI chip, Reuters says4. MOVERS:Novocureincreases in New York after Optune Pax wasto treat pancreatic cancerCrocsgains afterand providing guidance for Q1 and FY26Fastlyand Cognexhigher afterIconfalls in New York after providing an update on itsinto accounting practices and withdrawing its previously issued FY25 guidanceEnergy Vaultlower after announcing aand providing guidance for Q45. EARNINGS/GUIDANCE:Baxterreportedand provided downbeat FY26 earnings guidanceIPG, with EPS and revenue beating consensusRestaurant Brands, with CEO Josh Kobza commenting, "As we enter 2026, I'm encouraged by the stronger, more focused foundation we've built for the long term"Phiniaand provided guidance for FY26Melco Resorts, with CEO Lawrence Ho commenting, "2025 was a year of growth and recovery"INDEXES:The Dow fell 669.42, or 1.34%, to 49,451.98, the Nasdaq lost 469.32, or 2.03%, to 22,597.15, and the S&P 500 declined 108.71, or 1.57%, to 6,832.76.
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