PHINIA Q2 sales up 5.6% to $940M; announces acquisition of stoba Group

PHINIA INC.

Net sales $940M (+5.6% YoY); net earnings $40M ($1.05 diluted EPS); adjusted EPS $1.53.
Adjusted EBITDA $130M (+$4M YoY); margin 13.8% (-40 bps) due to higher employee costs and mix.
Entered agreement to acquire stoba Group, a high-precision components manufacturer; expected close Q4 2026.
Returned $53M to shareholders via $42M buybacks and $11M dividends.
FY 2026 guidance: net sales $3.57B-$3.67B (2-5% growth); adjusted EBITDA $485M-$515M; adjusted FCF $210M-$250M.

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