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Industrial supplier PHINIA Q3 sales rise on aftermarket momentum

By Reuters News


Overview

  • US industrial supplier's Q3 net sales rose 0.4% but missed analyst expectations

  • Adjusted EPS for Q3 increased year-over-year

  • Company repurchased $65 mln of shares in the quarter


Outlook

  • PHINIA raises 2026 net sales outlook to $3.63 bln-$3.68 bln

  • Company expects 2026 adjusted EBITDA of $500 mln-$520 mln

  • PHINIA sees 2026 adjusted free cash flow of $220 mln-$250 mln


Result Drivers

  • AFTERMARKET MOMENTUM - Co said higher sales in the Americas drove growth in Aftermarket Solutions

  • POWER SYSTEMS DECLINE - Co attributed Power Systems sales drop to absence of prior-year pricing actions and timing of tariff recovery mechanisms

  • TARIFF RECOVERY MECHANISMS - Co said favorable timing of tariff recovery mechanisms contributed to higher Adjusted EBITDA


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

Miss

$912 mln

$930.77 mln (4 Analysts)

Q3 Net Income

$67 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "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 $95.00, about 64.7% above its October 28 closing price of $57.68

  • The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 13 three months ago


Reuters Recommended Reads

  • Oct 29 - BorgWarner beats Q3 adjusted EPS estimates, lifts 2026 outlook

  • Oct 29 - Garrett Motion Q3 sales rise on commercial vehicle demand

  • Oct 28 - Dana Q3 sales rise 6%, beat analyst expectations


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.)

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