PHINIA Inc. ( (PHIN) ) has released its Q1 earnings. Here is a breakdown of the information PHINIA Inc. presented to its investors.
PHINIA Inc., headquartered in Auburn Hills, Michigan, is a prominent provider of premium fuel systems, electrical systems, and aftermarket solutions, catering to a wide range of vehicles and industrial applications. In its first quarter of 2025, PHINIA reported net sales of $796 million, marking a 7.8% decline compared to the same period in 2024. The decrease was mainly attributed to lower sales to original equipment manufacturers across all regions. Net earnings stood at $26 million, with a net margin of 3.3%, reflecting a slight year-over-year decrease. The company also returned $111 million to shareholders through share repurchases and dividends.
PHINIA’s strategic growth markets saw significant new business wins, including a 350bar Gas Direct Injection system for an alternative fuel application in Brazil, and high-volume Fuel Delivery Module wins in the Americas. Additionally, the company secured a Selective Catalytic Reduction pump win in China and expanded its aftermarket business in Scandinavia and Canada. These developments underscore PHINIA’s commitment to leveraging its technology for lower carbon emissions and expanding its market presence.
The company’s adjusted EBITDA for the quarter was $103 million, with a margin of 12.9%, down from the previous year due to decreased sales and increased costs. PHINIA ended the quarter with $373 million in cash and cash equivalents, and a total debt of $989 million. Despite the challenges, the company reaffirmed its full-year 2025 guidance, projecting net sales between $3.23 billion and $3.43 billion, and adjusted EBITDA between $450 million and $490 million.
Looking ahead, PHINIA remains focused on its long-term strategies of strategic growth, disciplined investment, and sustainable margin and cash flow generation. The management continues to balance capital allocation between growth initiatives and returning value to shareholders, as evidenced by the significant shareholder returns in the first quarter.