PHINIA (US:PHIN)2025-10-28 11:32Financial Performance - Net sales for Q3 2025 reached $908 million, an increase of 8.2% compared to Q3 2024, with adjusted sales increasing by 5.1% after excluding foreign currency impacts and the SEM acquisition[4] - Net earnings for Q3 2025 were $13 million, a decrease of $18 million year-over-year, resulting in a net margin of 1.4%, down 230 basis points[4] - Adjusted EBITDA for Q3 2025 was $133 million, reflecting a year-over-year increase of $13 million, with an adjusted EBITDA margin of 14.6%[4] - Adjusted sales for the three months ended September 30, 2025, were $908 million, representing a 8.4% increase from $838 million in the same period of 2024[33] - Adjusted EBITDA for the three months ended September 30, 2025, was $133 million, up 10.8% from $120 million in the same period of 2024[34] - Net earnings for the three months ended September 30, 2025, were $13 million, a decrease of 58.1% compared to $31 million in the same period of 2024[35] - Adjusted free cash flow for Q3 2025 was $104 million, compared to $60 million in Q3 2024, primarily due to higher earnings adjusted for non-cash charges[7] - Adjusted free cash flow for the three months ended September 30, 2025, was $104 million, an increase of 73.3% from $60 million in the same period of 2024[37] Debt and Cash Position - Cash and cash equivalents at the end of Q3 2025 were $349 million, with total debt at $992 million[6] - Total debt as of September 30, 2025, was $992 million, slightly up from $988 million as of December 31, 2024[23] - Net debt increased to $643 million as of September 30, 2025, compared to $504 million as of December 31, 2024[23] - Cash and cash equivalents at the end of the period were $349 million, down from $477 million at the end of the previous quarter[22] Acquisitions and Investments - The company completed the acquisition of Swedish Electromagnet Invest AB for approximately $47 million, enhancing its capabilities in alternative fuel ignition systems[4] - The company reported capital expenditures of $26 million for the three months ended September 30, 2025, compared to $25 million in the same period of 2024[22] Shareholder Returns - The company returned $41 million to shareholders through share repurchases and dividends[4] New Business and Product Development - New product developments include next-generation canister technology for PHEVs and a brushless alternator for industrial applications[4] - The company secured new business with a leading Chinese OEM for gasoline direct injection fuel rail assembly and controller[4] Guidance - Full year 2025 guidance projects net sales between $3.39 billion and $3.45 billion, with net earnings expected to be $100 million to $110 million[8] Operating Activities - For the three months ended September 30, 2025, net cash provided by operating activities was $119 million, an increase of 25.3% compared to $95 million in the same period of 2024[22]