PHIN

AUBURN HILLS, Mich., May 22, 2026--(BUSINESS WIRE)--PHINIA Inc. (NYSE: PHIN), a diversified, industrial supplier and global leader in the development of fuel systems, electrical systems, and aftermarket solutions, today announced that its Board of Directors has declared a quarterly cash dividend in the amount of $0.30 per common share, payable on June 23, 2026, to shareholders of record at the close of business on June 9, 2026. About PHINIA PHINIA is a diversified industrial supplier and global leader in the development of fuel systems, electrical systems, and aftermarket solutions, with a strong portfolio of trusted brands that includes DELPHI®, DELCO REMY® and HARTRIDGETM. With over 100 years of manufacturing expertise and industry relationships, PHINIA has approximately 12,500 talented employees and over 40 locations in 20 countries and is headquartered in Auburn Hills, Michigan, USA. Our systems and solutions are designed to keep combustion engines operating at peak performance across a variety of applications: medium- and heavy-duty commercial vehicle (on-road vehicles used for commercial transport classified class 4-8, 14,001 pounds or heavier), light commercial vehicle (on-road vehicles used for commercial transport classified as class 1-3, 14,000 pounds or lighter), light passenger vehicle (on-road vehicles used primarily for carrying passengers), and off-highway, industrial, and other (including construction and agricultural machinery, vocational vehicles, marine, industrial applications, power generation, and aerospace and defense). PHINIA’s service solutions include vehicle repair and replacement parts, offering both new and remanufactured products through the original equipment manufacturer dealer network and the independent aftermarket channel. By delivering high-performance solutions today and investing in advanced technologies to unlock the potential of alternative fuels in contributing to lower carbon mobility, PHINIA is shaping a more efficient and sustainable future. © 2026 PHINIA Inc. All Rights Reserved. (DELCO REMY is a registered trademark of General Motors LLC, licensed to PHINIA Technologies Inc.) View source version on businesswire.com: https://www.businesswire.com/news/home/20260522580625/en/ Contacts IR contact: Kellen FerrisVice President of Investor [email protected] +1 947-262-5256Media contact: Kevin PriceGlobal Bra...

Aeva Technologies, Inc. AEVA develops FMCW (Frequency Modulated Continuous Wave) 4D LiDAR-on-chip sensing systems and related perception software for automotive, industrial, smart infrastructure, consumer device and security uses. It posted an adjusted loss of 41 cents per share in the first quarter of 2026, which improved 8.9% from a loss of 45 cents a year ago. Revenues came in at $6 million, up 76.5% from $3.4 million in the year-ago quarter. Despite delayed automotive ramps, ongoing losses, scaling challenges and competitive pressures, it benefits from FMCW LiDAR adoption, NVIDIA integration and expanding commercial applications. Aeva is positioned to benefit from growing adoption of FMCW LiDAR as automakers prepare for Level 3 autonomy later this decade. The company remains the exclusive LiDAR supplier outside China for a major European OEM’s next-generation Level 3 program, with production targeted for 2028 across multiple vehicle models. In the first quarter of 2026, Aeva integrated its Atlas Ultra sensors into the OEM’s development vehicles and began joint AV stack development with the OEM and its software partner. Additional sensor deliveries are planned in 2026 to support testing and fleet expansion, while progress with another top-5 passenger OEM strengthens its broader ADAS pipeline. Aeva is the reference LiDAR sensor globally outside of China for NVIDIA’s DRIVE Hyperion platform for Level 3 and higher driving. Because leading OEMs and AV companies use Hyperion, a single sensor integration can create repeatable design-in opportunities across multiple customers using the same stack. In the first quarter of 2026, Aeva and NVIDIA reported progress on a common platform that integrates Atlas Ultra and its velocity data into the DRIVE Hyperion AV stack, including implementing the velocity data path. This deeper integration can raise switching costs over time and supports Aeva’s goal of expanding LiDAR usage with additional OEMs on the platform. The company doubled revenues in 2025 and is guiding for 70-100% growth in 2026, driven by rising shipments and program ramp-ups. For 2026, AEVA targets four or more new commercial wins across automotive and non-automotive end markets. In trucks, Daimler Truck completed on-road validation of Atlas B-samples, and Aeva is on schedule to deliver C-samples in 2026 as the exclusive long-range LiDAR and primary detecti...

Even though PHINIA Inc.'s (NYSE:PHIN) recent earnings release was robust, the market didn't seem to notice. We think that investors have missed some encouraging factors underlying the profit figures. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. To properly understand PHINIA's profit results, we need to consider the US$69m expense attributed to unusual items. While deductions due to unusual items are disappointing in the first instance, there is a silver lining. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And, after all, that's exactly what the accounting terminology implies. Assuming those unusual expenses don't come up again, we'd therefore expect PHINIA to produce a higher profit next year, all else being equal. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Unusual items (expenses) detracted from PHINIA's earnings over the last year, but we might see an improvement next year. Based on this observation, we consider it likely that PHINIA's statutory profit actually understates its earnings potential! And on top of that, its earnings per share have grown at an extremely impressive rate over the last year. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. Keep in mind, when it comes to analysing a stock it's worth noting the risks involved. Case in point: We've spotted 3 warning signs for PHINIA you should be aware of. Today we've zoomed in on a single data point to better understand the nature of PHINIA's profit. But there are plenty of other ways to inform your opinion of a company. Some people consider a high return on equity to be a good sign of a quality business. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature....

BorgWarner Inc. BWA delivered adjusted earnings of $1.24 per share in the first quarter of 2026, beating the Zacks Consensus Estimate of $1.16 by 6.83%. Revenues of $3.53 billion topped the Zacks Consensus Estimate of $3.47 billion by 1.74% and increased 0.5% year over year. While reported sales benefited from stronger foreign currencies, organic net sales fell 4.2% from the year-ago quarter’s level. Disciplined cost controls and the exit of the charging business helped support profitability in a softer production environment. BorgWarner Inc. price-consensus-eps-surprise-chart | BorgWarner Inc. Quote Profits improved even though sales volumes were weak. On a U.S. GAAP basis, operating margin increased to 9.5% from 6.7% a year ago, while operating income rose from $237 million to $336 million. Gross margin also improved to 19.2% from 18.2%, aided by higher gross profit. On an adjusted basis, operating margin reached 10.5%, up 50 basis points year over year, while adjusted operating income increased to $372 million from $352 million. Favorable currency movements, along with ongoing productivity gains and restructuring efforts, helped boost adjusted operating income compared with last year. Turbos & Thermal Technologies revenues declined 1.4% year over year to $1.43 billion, while segment adjusted operating income dropped to $214 million from $235 million. The decline was mainly due to weaker demand for some core thermal products, partially offset by currency tailwinds. Drivetrain & Morse Systems continued to be a steadier contributor, with sales rising 4.5% to $1.42 billion and segment adjusted operating income improving to $260 million from $243 million. PowerDrive Systems posted revenues of $587 million, up 4.6%. However, the segment still posted a loss, though it narrowed to $36 million from $43 million last year. Battery Energy Systems sales dropped to $102 million from $150 million. However, the segment’s loss improved significantly, narrowing to $2 million from $22 million last year. The company won 12 new business deals across different regions and products, including turbochargers, dual-clutch, variable cam timing systems, controllers for off-highway vehicles, electric motors and thermal systems for commercial vehicles. Many of these projects are expected to start production between 2026 and 2029, which should help support its long-term growth and prof...

Magna International Inc. MGA reported first-quarter 2026 adjusted earnings of $1.38 per share, which increased 76.9% year over year and beat the Zacks Consensus Estimate of $1.01 by 36.19%. Net sales rose 3.1% year over year to $10.38 billion and topped the Zacks Consensus Estimate of $10.08 billion by 3.03%. The quarter’s backdrop remained challenging, as global light vehicle production fell 7%, yet strong execution supported profitability gains and solid cash generation. Magna International Inc. price-consensus-eps-surprise-chart | Magna International Inc. Quote MGA’s top line reflected a mix of tailwinds and offsets. A stronger foreign currency environment against the U.S. dollar helped boost results. At the same time, growth was supported by new program launches compared to last year, including complete vehicle programs with higher value-added contracts. These positives were partly offset by a few challenges. Some programs ended, vehicle production declined in North America, Europe and China, and volumes in complete vehicle assembly dropped under certain contracts. The company also saw lower engineering revenues in its Complete Vehicles segment. Customer price concessions added further pressure compared to last year. Magna’s margin profile improved meaningfully in the quarter. Adjusted EBIT increased 57.6% year over year to $558 million, and adjusted EBIT margin expanded 190 basis points to 5.4%, reflecting productivity and efficiency improvements and benefits from prior restructuring actions. Higher equity income, lower warranty costs, net transactional foreign exchange gains (versus losses last year) and favorable net commercial items supported performance. These drivers were partly offset by higher net tariff costs, reduced earnings on lower local currency sales (including engineering revenue) and an unfavorable product mix. Body Exteriors & Structures generated sales of $4.08 billion, up from $3.97 billion in the year-ago quarter, while adjusted EBIT rose to $274 million from $230 million. Power & Vision posted sales of $3.88 billion versus $3.65 billion a year ago, and adjusted EBIT jumped to $252 million from $124 million. Seating Systems sales increased to $1.34 billion from $1.31 billion, with the segment swinging to adjusted EBIT of $25 million from a loss of $30 million a year ago. The Complete Vehicles segment was the main drag on revenues, wi...

Allison Transmission Holdings Inc. ALSN reported first-quarter 2026 adjusted earnings of $2.57 per share, which beat the Zacks Consensus Estimate of $2.54 by 1.38% and increased 6% year over year. Quarterly revenues of $1.41 billion rose 84% from the year-ago quarter’s level and topped the Zacks Consensus Estimate of $1.38 billion by 2.15%. The quarter marked the first to include the Allison Off-Highway business, acquired on Jan. 1, 2026, from Dana Incorporated. Integration efforts are progressing, with approximately $120 million in expected annual cost savings. Adjusted EBITDA margin for the quarter was 26%. Allison Transmission Holdings, Inc. price-consensus-eps-surprise-chart | Allison Transmission Holdings, Inc. Quote Profitability was impacted by one-time costs tied to the Off-Highway acquisition. Results were weighed down by approximately $76 million in acquisition-related expenses, primarily caused by higher inventory costs and incremental depreciation from revalued assets such as property, plant and equipment. These factors weighed on the bottom line. Net income was $112 million, with diluted earnings of $1.33 per share. The year-over-year decline in net income was largely attributable to acquisition-related costs and higher interest expenses, partially offset by lower income taxes. Operating expenses rose as the company integrated the new business. Selling, general and administrative expenses amounted to $157 million, up $70 million from the prior-year period’s level. The increase was mainly due to the addition of the Off-Highway unit, including $21 million in amortization related to intangible assets and about $17 million in one-time acquisition-related integration costs. Engineering, research and development expense totaled $54 million, up $12 million year over year. The increase was mainly due to the addition of the Off-Highway business, partly offset by lower spending on product-initiatives in the legacy Allison Transmission unit. The legacy Allison Transmission business reported net sales of $733 million, down 4% year over year, mainly due to lower volumes and higher material costs. This was partly offset by price increases on certain products. Segment operating profit amounted to $252 million, representing a strong 34% of net sales. Within the Transmission unit, results were mixed across different markets. North America on-highway sales totale...

Lear Corporation LEA delivered first-quarter 2026 adjusted earnings of $3.87 per share, which increased 24% year over year and came above the Zacks Consensus Estimate of $3.44 by 12.55%. Net sales were $5.82 billion, which rose 4.7% from the year-ago quarter but slightly missed the Zacks Consensus Estimate of $5.86 billion by 0.61%. The results reflected improving profitability across both segments despite a softer production backdrop. Global vehicle production declined 3% year over year in the quarter, with the sharpest weakness seen in China. Lear Corporation price-consensus-eps-surprise-chart | Lear Corporation Quote Profitability improved meaningfully year over year, led by increased volume on the Lear platform. Core operating earnings increased to $297.3 million, lifting core operating margin to 5.1% of sales from 4.9% in the prior-year quarter. Special items had a smaller negative impact compared to last year, which helped boost earnings growth. Net income attributable to Lear jumped to $172.3 million from $80.7 million, while adjusted net income rose to $199.5 million from $169.3 million. Seating remained the larger business, with sales of $4.4 billion compared with $4.15 billion in the year-ago quarter. Higher volumes on key platforms and contributions from new business helped drive the year-over-year increase. Adjusted segment earnings amounted to $304.8 million, up from $279.9 million reported in the corresponding quarter of 2025. Margins improved alongside the revenue gain. Seating segment margin expanded to 6.3% from 5.2% a year ago, while adjusted segment margin improved to 6.9% from 6.7%, reflecting better operating performance. E-Systems revenues came in at $1.42 billion, slightly up from $1.41 billion a year earlier, indicating steady demand and ongoing program activity. The business continues to see traction in its core E-Systems products, along with new wins across wire and electronics content. Adjusted segment earnings amounted to $86.5 million, up from $73.8 million reported in the corresponding quarter of 2025. The bigger upside came through margins. The E-Systems segment margin increased to 5.2% from 3.9% in the prior-year quarter, and adjusted segment margin improved to 6.1% from 5.2%, signaling better execution and operating leverage. Europe and Africa led regional performance, with sales rising to $2.3 billion from $2.06 billion a ye...

PHINIA Inc. has reported its first-quarter 2026 results, with sales rising to US$878 million from US$796 million a year earlier and net income increasing to US$37 million from US$26 million, supported by stronger volumes and cost control across Fuel Systems and Aftermarket. The quarter also brought new contract wins in alternative fuel and aerospace applications, while management kept full-year guidance intact and highlighted progress in expanding the Aftermarket business across multiple regions. With this backdrop and Q1’s stronger volumes, we will now examine how these results influence PHINIA’s investment narrative and outlook. Outshine the giants: these 18 early-stage AI stocks could fund your retirement. To own PHINIA, you need to believe its ICE-heavy base can throw off enough cash while the company builds meaningful positions in alternative fuels, aerospace and a larger aftermarket. Q1 2026’s higher sales and earnings support that transition story and keep the key near term catalyst in focus: execution on volume growth in Fuel Systems and Aftermarket. The biggest current risk, in my view, remains the company’s exposure to ICE demand and major OEM programs. The most relevant recent development here is PHINIA’s Q1 2026 contract wins in compressed natural gas fuel rails in India and jet fuel injectors for unmanned drones, which tie directly into the push to diversify beyond legacy automotive. These wins speak to the same catalyst investors are watching: whether new programs in alternative fuels and aerospace can gradually offset long term ICE headwinds and reduce reliance on a few large auto customers. Yet investors should also be aware that PHINIA’s reliance on ICE platforms and a handful of large OEM customers leaves the story vulnerable if... Read the full narrative on PHINIA (it's free!) PHINIA's narrative projects $3.7 billion revenue and $251.4 million earnings by 2029. Uncover how PHINIA's forecasts yield a $86.75 fair value, a 17% upside to its current price. Some of the most optimistic analysts were already assuming PHINIA could lift margins and reach about US$3.7 billion in revenue and roughly US$308 million in earnings by 2029, which is a much more upbeat story than the consensus view, especially when you factor in the added upside they see from SEM’s natural gas and hydrogen systems and broader end market exposure. Explore 2 other fair value...

First-quarter results: PHINIA reported net sales of $878 million (up 10.3% YoY), adjusted EBITDA of $115 million (13.1% margin) and adjusted EPS of $1.29 (up 37%), and reiterated 2026 guidance of $3.5–$3.7 billion in revenue, $485–$525 million adjusted EBITDA and $200–$240 million adjusted free cash flow. Revenue and EBITDA benefited from foreign-exchange (+$39M), tariff recoveries and SEM contributions (excluding FX and SEM, sales rose 3.6%), but Fuel Systems mix from new program ramps in Europe and Asia‑Pacific weighed on near‑term flow‑through and should improve within about a quarter. New business wins span aerospace & defense (a GDI injector program for an unmanned drone), alternative‑fuel programs including a CNG rail in India and a China luxury SUV fuel rail, and PHINIA finished the quarter with strong liquidity (~$808–$818M), 1.4x net leverage and $67M returned to shareholders. Interested in PHINIA Inc.? Here are five stocks we like better. PHINIA (NYSE:PHIN) reported first-quarter 2026 results that management said were largely in line with expectations, as the company posted growth in both its Fuel Systems and Aftermarket segments and reiterated its full-year outlook amid ongoing geopolitical and trade uncertainty. CEO Brady Ericson said the quarter “developed largely as we expected,” citing “solid revenue growth from both Fuel Systems and Aftermarket” and continued progress toward full-year guidance. PHINIA reported first-quarter net sales of $878 million, up 10.3% from the prior-year period. Excluding foreign exchange impacts and the contribution from SEM, Ericson said revenue increased 3.6%. → Meta Posted Its Best Sales Growth Since 2021—So Why Did Shares Fall? Adjusted EBITDA was $115 million, up $12 million year over year, with a 13.1% margin, according to Ericson. Total segment adjusted operating income was $107 million, representing a 12.2% margin. Adjusted earnings per diluted share, excluding non-operating items, were $1.29 compared with $0.94 a year earlier, a 37% increase, Ericson said. By segment, Ericson said Fuel Systems sales rose 12% to $549 million, with an adjusted operating margin of 9.3%. Aftermarket sales increased 7.5% to $329 million, with an adjusted operating margin of 17%. → Verizon’s Signal Strength: The Turnaround Call Is Loud and Clear CFO Chris Gropp detailed key revenue drivers, noting net sales increased 10.3% year ov...

Performance was underpinned by diversification across regions and end markets, which successfully offset production variability in specific geographies. Revenue growth of 10.3% was primarily driven by favorable foreign exchange impacts and solid demand in the Aftermarket and Fuel Systems segments. The Aftermarket segment benefited from durable replacement cycle fundamentals as an aging global vehicle fleet keeps vehicles on the road longer. Fuel Systems growth was supported by traction in alternative fuel programs, particularly in India and South America, where markets are leaning into natural gas and ethanol over battery electric solutions. Management attributed the 37% increase in adjusted EPS to strong operational execution and disciplined cost management despite geopolitical and trade-related uncertainties. Strategic expansion into Aerospace and Defense is gaining traction, evidenced by a new program win for unmanned aerial drones using existing GDi injector technology. Full-year 2026 guidance assumes mid-single-digit net sales growth, though this moderates to low single-digits when excluding expected foreign exchange tailwinds. Management anticipates 'green shoots' in the commercial vehicle market to provide a back-end weighted tailwind, particularly in North America and China. The margin outlook for the remainder of the year assumes that negative product mix from new program launches will improve as the year progresses, though it will take approximately one year for these programs to reach full capacity. Capital allocation will remain balanced between organic growth investments, strategic M&A, and a commitment to returning cash to shareholders via dividends and buybacks. Guidance excludes potential impacts from future government policy changes, such as additional tariffs or tax reforms, though current Section 232 clarifications are not expected to be material. The quarter included a $12 million benefit from tariff recoveries, though management expects this to become immaterial on a year-over-year basis starting in Q2. Approximately $40 million in IEEPA-related tariffs are expected to be refunded and subsequently passed through to OE customers, impacting revenue but remaining EBITDA neutral. SG&A expenses saw a sequential step-up due to the vesting of the third tranche of performance-based compensation, which is expected to remain flattish moving forwar...

PHINIA Inc. PHIN delivered first-quarter 2026 adjusted earnings of $1.29 per share, up 37.2% year over year and above the Zacks Consensus Estimate of 92 cents by 40.2%. The upside was driven by higher volumes and disciplined cost control. Net sales were $878 million, increasing 10.3% from the year-ago quarter and topping the consensus mark of $840 million by 4.5%. Adjusted EBITDA margin held firm at 13.1%, supported by supplier savings, overhead controls and tariff recoveries. PHINIA currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. PHINIA Inc. price-consensus-eps-surprise-chart | PHINIA Inc. Quote Fuel Systems unit led the top-line advance, with segment sales of $549 million compared with $490 million a year ago. The Aftermarket business remained a steady contributor, generating $329 million versus $306 million in the prior-year period. PHINIA highlighted that foreign currency and the acquisition of SEM added to the quarter’s growth, while underlying demand also improved. Excluding those factors, net sales still advanced 3.6%, aided by stronger volumes in Asia and the Americas alongside tariff recoveries. Operating income improved to $69 million from $62 million, translating to an operating margin of 7.9% versus 7.8% a year ago. Higher sales helped lift gross profit to $188 million from $172 million, though gross margin edged down to 21.4% from 21.6%. Selling, general and administrative expenses increased to $115 million from $107 million, while restructuring expenses declined to $3 million from $5 million. Segment profitability remained differentiated, with an adjusted EBITDA margin of 9.3% in Fuel Systems versus 17% in Aftermarket, underscoring the value of the service-oriented mix. PHINIA continues to target strategic growth markets that diversify end-market exposure and fuel technologies. In Fuel Systems, the company won a compressed natural gas fuel rail assembly contract with a leading global OEM, marking its third consecutive quarter of a major alternative-fuel program win in India. PHINIA also secured a jet fuel direct injector program for unmanned aerial drone engines with a new customer, leveraging its gasoline direct injector technology. Another quarter win included a direct injection fuel rail assembly with a major Chinese OEM, supporting a luxury SUV platform equipped with a d...

AUBURN HILLS, Mich. (AP) — AUBURN HILLS, Mich. (AP) — Phinia Inc. (PHIN) on Thursday reported earnings of $37 million in its first quarter. On a per-share basis, the Auburn Hills, Michigan-based company said it had net income of 96 cents. Earnings, adjusted for one-time gains and costs, came to $1.29 per share. The maker of gas and diesel fuel systems posted revenue of $878 million in the period. Phinia expects full-year revenue in the range of $3.52 billion to $3.72 billion. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PHIN at https://www.zacks.com/ap/PHIN