Every 10-Q that PHINIA Inc. (PHIN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow PHIN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PHIN filings page.
PHINIA Inc. reported Q2 2026 net sales of $940 million, up 6% year over year, with net earnings of $40 million and diluted EPS of $1.05. For the first half of 2026, net sales were $1,818 million and net earnings $77 million, or $2.01 diluted EPS. Gross margin improved modestly, while higher SG&A and restructuring costs reduced operating margin.
Segment Adjusted Operating Income was $125 million in Q2, with Fuel Systems margin at 11.0% and Aftermarket at 17.1%. Net cash from operating activities increased to $144 million in the first half. Cash totaled $370 million and total debt $1,019 million, providing total liquidity of $820 million including the $500 million revolving facility.
PHINIA has recognized $20 million of an anticipated $40 million restructuring program expected to deliver about $30 million in annual savings. It completed the SEM acquisition and agreed to acquire the stoba Group for approximately $150 million, expected to close in Q4 2026. Management expects improved 2026 earnings and cash generation compared with 2025.
PHINIA Inc. reported higher sales and earnings for the quarter ended March 31, 2026. Net sales rose to $878 million from $796 million, driven by growth in both Fuel Systems and Aftermarket and contributions from the SEM acquisition.
Net earnings increased to $37 million from $26 million, with diluted earnings per share improving to $0.96 from $0.63. Gross margin held roughly steady at about 21%, while restructuring and separation-related costs remained modest.
Operating cash flow improved to $53 million from $40 million, while capital expenditures were $32 million. PHINIA ended the quarter with $328 million in cash and cash equivalents, total debt near $993 million at fair value, and liquidity of about $808 million including its revolving credit facility.
PHINIA Inc. (PHIN) reported higher sales but lower profit in Q3 2025. Net sales rose to $908 million (up 8% year over year), while operating income fell to $34 million as separation-related costs lifted other operating expense to $57 million, including a $39 million loss tied to a settlement with its former parent. Net earnings were $13 million and diluted EPS was $0.33 versus $0.70 a year ago.
For the first nine months, sales were $2.594 billion, net earnings $85 million, and diluted EPS $2.10. Operating cash flow was strong at $216 million, funding $95 million of capex, dividends of $32 million, and $172 million of share repurchases; cash ended at $349 million. Long-term debt was $966 million with $499 million available on the revolver.
PHINIA acquired Swedish Electromagnet Invest AB (SEM) for $47 million, expected to add about $50 million annual revenue and $10 million adjusted EBITDA. A subsequent settlement schedules payments of $31 million in Q4 2025, $21 million in Q1 2026, and $26 million during 2026, partly offset by $7 million to be received and potential $29 million of R&D credits.
PHINIA (NYSE: PHIN) Q2 2025 highlights
- Revenue: $890 m, +3% YoY; six-month sales $1.69 bn (-3% YoY).
- Profitability: Gross margin rose to 22.1% (21.7%); operating income $89 m vs $71 m; net earnings jumped to $46 m from $14 m.
- EPS: Diluted EPS $1.14 vs $0.31; YTD EPS $1.76 vs $0.93.
- Segment performance: Fuel Systems AOI $62 m (+19%); Aftermarket AOI $57 m (+8%).
- Cash & liquidity: June-end cash $347 m (-$137 m YTD); operating cash flow $97 m (-31% YoY); no borrowings on $500 m revolver; total debt $990 m.
- Capital deployment: $142 m share buybacks, $21 m dividends, $69 m capex.
- Balance sheet: Equity $1.63 bn, up $53 m; AOCI loss narrowed to $-76 m from $-217 m on FX gains.
- Tax: Effective rate 39% (62%); uncertain-tax reserves up $11 m.
- Guidance comments: Management expects CV & LV volumes to decline (mid-single & low-single-digit respectively) and projects flat to modestly higher 2025 sales, citing tariff headwinds and macro softness.
- M&A: Definitive deal to acquire Swedish Electromagnet Invest AB (SEM) for ~$47 m (close Q3 2025; adds ~$50 m revenue & ~$10 m EBITDA).
- Risks: BorgWarner tax dispute, potential tariff inflation, soft OEM demand.