PHINIA INC. — Form 8-K
Filed October 29, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 52/100
What the filing says
PHINIA reported Q3 2026 net sales of $912M (flat YoY excluding FX), net earnings $67M ($1.80 EPS), and adjusted EBITDA of $135M with 14.8% margin (+20 bps). The company raised full-year 2026 guidance: net sales to $3.625–$3.675B (from $3.565–$3.665B), adjusted EBITDA to $500–$520M (from $485–$515M), and adjusted free cash flow to $220–$250M (from $210–$250M). Notably, PHINIA closed the acquisition of stoba Group on October 1, 2026 (contribution included in revised guidance). The company returned $76M to shareholders in Q3 (representing 104% of adjusted free cash flow through $65M share repurchase and $11M dividends). Net debt stood at $657M with 1.3x leverage; operating cash flow declined $32M YoY to $87M due to working capital and repatriation taxes.
Why this rating
Guidance raise and margin expansion are positive; stoba acquisition adds strategic capability but size/integration details unclear. Relative to $1.7B market cap, guidance midpoint implies ~$510M EBITDA (~30% of company value), a material but not transformational shift. Modest organic growth offset by M&A optionality.
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