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PHINIA (PHIN) investor relations material
PHINIA Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Delivered strong Q4 and full-year 2025 results, meeting expectations despite macroeconomic and industry volatility, with $40M returned to shareholders and $24M in debt reduction in Q4.
Achieved significant milestones: first acquisition in August 2025, aerospace quality certification, and robust shareholder returns totaling 140% over 2024–2025.
Business resilience attributed to diversification across regions, customers, end markets, and products.
Secured key wins in aerospace, commercial vehicles, and alternative fuel systems, and expanded aftermarket SKUs.
Q4 net earnings rose to $45M, with net margin improving by 450 bps to 5.1% year-over-year.
Financial highlights
Q4 net sales: $889M, up 6.7% year-over-year; adjusted EBITDA: $116M (13% margin), up $6M; adjusted EPS: $1.18.
Full-year 2025 revenue: $3.48B, up 2.4% from 2024; adjusted EBITDA: $478M (13.7% margin), flat year-over-year.
Cash and equivalents: $359M; total liquidity: $859M; net leverage at 1.3x.
Returned $242M to shareholders in 2025 via $200M in share repurchases and $42M in dividends.
Net cash from operating activities for 2025 was $312M; adjusted free cash flow: $212M.
Outlook and guidance
2026 net sales outlook: $3.52B–$3.72B, mid-single digit growth including FX.
Adjusted EBITDA guidance: $485M–$525M (13.7%–14.3% margin); adjusted free cash flow: $200M–$240M.
Adjusted effective tax rate: 30%–34%; 2026 net earnings projected at $165M–$195M.
Industry volumes expected flat to slightly down globally; growth driven by share gains and new products.
Organic revenue CAGR targeted at 2–4% through the decade.
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