The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.

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 forward.

Ongoing geopolitical tensions in the Middle East and shipping disruptions are being monitored, though they have not yet caused material supply chain or revenue impacts.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.

Management clarified that negative mix was primarily in the Fuel Systems segment due to new programs in Europe and Asia-Pacific that are not yet at full volume.

The flow-through is expected to improve sequentially as these programs ramp up to full capacity by the third quarter of the year.

Brady Ericson noted positive signs in North American trucking order boards and an uptick in Chinese commercial vehicle revenues.

While the outlook remains back-end weighted, management will re-evaluate potential upside later in the summer as the second-half order board fills in.

PHINIA is in the process of filing for approximately $40 million in refunds, which will be returned to OE customers who previously reimbursed the company.

The accounting treatment will show an effect on revenue but will be accretive to margins as it has no impact on EBITDA dollars.

The recent drone engine win is for a defense application and is moving into commercial production, not just a testing phase.

This represents the company's second customer and fourth program in the sector, highlighting the ability to repurpose existing manufacturing capital for adjacent markets.

One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here.