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Investing.com -- Phinia Inc. (NYSE:PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, reported second-quarter earnings that significantly exceeded analyst expectations, sending shares up 2.2% following the announcement.
The company posted adjusted earnings per share of $1.27 for the quarter ended June 30, 2025, handily beating the analyst estimate of $0.93. Revenue came in at $890 million, a 2.5% increase compared to the same period last year and slightly above the consensus estimate. Excluding the impacts of foreign currency and ended contract manufacturing agreements, net sales increased 1.0% YoY, driven primarily by customer pricing related to tariff recoveries.
"Our team continues to navigate a dynamic landscape shaped by economic uncertainties, tariff impacts, and evolving customer demands," said Brady Ericson, President and CEO of Phinia. "As demonstrated by our second-quarter results, we remain focused on cost management and supply chain resilience."
The company reported net earnings of $46 million with a net margin of 5.2%, representing a substantial YoY increase of $32 million and 360 basis points. Adjusted EBITDA reached $126 million with a margin of 14.2%, up $9 million and 60 basis points from the year-ago period.
Phinia refined its full-year 2025 guidance, projecting revenue between $3.33 billion and $3.43 billion, which aligns with the analyst consensus of $3.34 billion. The company expects net earnings of $140-170 million and adjusted EBITDA of $455-485 million, with adjusted free cash flow projected at $160-200 million.
During the quarter, Phinia returned $50 million to shareholders through $40 million in share repurchases and $10 million in dividends. The company also announced plans to acquire Swedish Electromagnet Invest AB for approximately $47 million, a move expected to expand its footprint in commercial vehicle, industrial, and aftermarket sectors.
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