Phinia (PHIN) reported Q1 adjusted earnings Friday of $0.94 per diluted share, down from $1.08 a year earlier.

Analysts polled by FactSet expected $1.

Net sales for the quarter ended March 31 were $796 million, down from $863 million a year earlier.

Analysts surveyed by FactSet expected $820.1 million.

The company reaffirmed its 2025 net sales outlook range of $3.23 billion to $3.43 billion. Analysts polled by FactSet expect $3.35 billion.

Phinia shares were down 3.3% in recent premarket activity.