PHINIA Inc.

Earnings data Q2 2023

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PHINIA, Inc. engages in the development, design, and manufacture of integrated components and systems that optimize performance, increase efficiency and reduce emissions in combustion and hybrid propulsion for commercial vehicles, industrial applications, and light vehicles. It operates through Fuel Systems and Aftermarket segments. The Fuel Systems segment provides advanced fuel injection systems, fuel delivery modules, canisters, sensors, electronic control modules, and associated software. The Aftermarket segment sells products to independent aftermarket customers and OES customers. Its product portfolio includes a wide range of solutions covering the fuel injection, starters, alternators, electronics, engine management, maintenance, test equipment, and vehicle diagnostics categories. The company was founded in 2023 and is headquartered in Auburn Hills, MI.

AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems and aftermarket parts, will report first quarter 2024 results on Thursday, April 25, 2024. PHINIA's earnings press release, earnings presentation and other materials will be available on the “Investors” section of PHINIA's website, PHINIA - Investor Relations. PHINIA will host a webcast to review first quarter 2024 results and take questions from the investment community at 8:30.

PHINIA Inc. to Report Q1 2024 Earnings

AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA Inc. (“PHINIA” or the “Company”) (NYSE: PHIN) announced today that it has priced its previously announced offering (the “Offering”) and has agreed to issue and sell $525 million aggregate principal amount of its 6.75% senior secured notes due 2029 (the “notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The aggregate principal amount of the Offering of the.

PHINIA Announces Pricing of Private Offering of $525,000,000 of Senior Secured Notes due 2029

AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA Inc. (“PHINIA” or the “Company”) (NYSE: PHIN) announced today that it is planning, subject to market and other customary conditions, to offer (the “Offering”) $425 million aggregate principal amount of its senior secured notes due 2029 (the “notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The notes will be guaranteed by each of the Company's subsidiaries.

PHINIA Announces Proposed Private Offering of $425,000,000 of Senior Secured Notes Due 2029

Phinia has shown consistent revenue growth over the past three years, with a slight contraction in margins in 2023 due to inflation and decreased CV volume in China. Strong business wins in 2023, including supplying fuel systems to leading OEMs, are expected to support long-term revenue growth. PHIN's strategic shift to focus on the CV and AFM segments, reducing exposure to the LV segment, is expected to ensure business robustness and resilience.

Phinia: Strong Business Wins And Strategic Focus On Aftermarket Segment

PHINIA Inc. (PHIN) Q4 2023 Earnings Call Transcript

AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket products, today reported its fourth quarter and full year ended December 31, 2023 results. Fourth Quarter Highlights: U.S. GAAP net sales of $882 million, an increase of 3.6% compared with Q4 2022. Excluding $24 million of contract manufacturing sales, sales were up slightly compared to Q4 2022. Positive customer pricing, positive FX and growth in light vehicle o.

PHINIA Reports Solid Q4 and Full Year 2023 Results, Introduces 2024 Outlook

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New Year, New Income: 5 Fresh-Faced Dividend Payers

AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems and aftermarket parts will report fourth quarter 2023 results and provide its full year 2024 outlook on Wednesday, February 21, 2024. PHINIA's earnings press release, earnings presentation and other materials will be available on the “Investors” section of PHINIA's website, PHINIA - Investor Relations. PHINIA will host a webcast to review fourth quarter 2023 results, full year 20.

PHINIA Inc. to Report Q4 2023 Earnings

Phinia Inc. recently reported lower-than-expected EPS GAAP, but the stock is undervalued and trades at close to 4x EBITDA. The company's recent spinoff from a larger corporation, BorgWarner, may be overlooked by investors. Further improvements in the commercial vehicle market and adoption of hydrogen solutions could drive significant free cash flow and net sales growth.

Phinia: Guidance Improvements, Very Cheap, And BorgWarner Spinoff

AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket products, today reported its third quarter ended September 30, 2023 results and updated full year 2023 guidance. Third Quarter Highlights: U.S. GAAP net sales of $896 million, an increase of 4.3% compared with Q3 2022. Excluding $26 million of contract manufacturing sales, sales were up slightly compared to Q3 2022. Including currency and pricing tailwinds, growt.

PHINIA Reports Solid Third Quarter 2023 Results and Updates Full Year Guidance

PHINIA was spun off from BorgWarner to remain focused on fuel-combustion engines. Shares of PHIN trade at a significant discount to the market at 3.25x EV/EBITDA. Hydrogen might be a leading market opportunity for PHINIA as McKinsey anticipates 850,000 hydrogen-fueled commercial vehicles on the road by 2035.

Phinia: On Cruise Control For The Next Year, Moving To The Fast Lane In 2025

AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems and aftermarket parts will report third quarter results on Monday, November 6, 2023. PHINIA's earnings press release, earnings presentation and other materials will be available on the “Investors” section of PHINIA's website, PHINIA - Investor Relations. PHINIA will host a webcast to review third quarter 2023 results, full year 2023 outlook and take questions from the investment.

PHINIA Inc. to Report Q3 2023 Earnings

AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA Inc. (“PHINIA” or the “Company”) (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket products, today announced that its Board of Directors has declared a quarterly cash dividend in the amount of $0.25 per common share, payable on September 22, 2023 to shareholders of record at the close of business on September 12, 2023. Going forward, the Company expects to pay dividends on a quarterly basis, however any subsequent de.

PHINIA Announces Return of Capital to Shareholders

BorgWarner

PHINIA, a recent spinoff from BorgWarner, the market's response to the spin-off seems to have created an undervalued opportunity as the stock has experienced a notable decline of 26%. As the auto sector shifts toward EVs, PHINIA's expertise in enhancing fuel efficiency and reducing carbon footprint remains relevant. The impending capital allocation decisions by PHINIA's board, encompassing dividends, share buybacks, debt reduction, and growth investments are poised to be the pivotal catalysts.

Phinia: Unraveling The Tale Of A Recent BorgWarner Spinoff

PHINIA Inc. (NYSE:PHIN ) Q2 2023 Earnings Conference Call August 7, 2023 8:30 AM ET Company Participants Michael Heifler - Vice President, Investor Relations Brady Ericson - Chief Executive Officer Chris Gropp - Vice President and Chief Financial Officer Conference Call Participants Thomas Scholl - BNP Paribas Douglas Dethy - DC Partners Operator Ladies and gentlemen, good morning. My name is Abby and I will be your conference operator today.

PHINIA Inc. (PHIN) Q2 2023 Earnings Call Transcript

AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket products, today reported its second quarter 2023 results and reaffirmed its full-year outlook. PHINIA operated as part of BorgWarner Inc. for the entire second quarter of 2023 prior to the spin-off on July 3rd, and the historical financial measures presented in this release were derived from BorgWarner Inc.'s accounting records and are presented on a carve-out ba.

PHINIA Reports Strong Second Quarter 2023 Results and Reaffirms Full Year Guidance

PHINIA, a manufacturer of fuel systems and aftermarket parts, is trading at a low valuation of 3.5x EV/EBITDA and a 20%+ free cash flow yield. Closing half the valuation gap between PHIN and their peers would drive a material uplift in the stock. Four major catalysts are expected to drive a rerating of PHIN's stock and generate 100%+ upside in the near-term.

PHINIA: Highly Catalyzed Spin-Off At 3.5x EBITDA - 100%+ Upside

PHINIA was recently spun-off from BorgWarner. We believe the indiscriminate selling from BorgWarner existing shareholders and low valuation created a great opportunity to buy the stock. It is trading at 3.6X EV/EBITDA while peers are trading at +6x, and our DCF model suggests shares should increase +60% from current levels.

Phinia: Great Opportunity After Spin-Off

AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems and aftermarket parts will report second quarter results on Monday, August 7, 2023. PHINIA's earnings press release, earnings presentation and other materials will be available on the “Investors” section of PHINIA's website, PHINIA - Investor Relations. PHINIA will host a webcast to review second quarter 2023 results, full year 2023 outlook and take questions from the investment.

PHINIA Inc. to Report Q2 2023 Earnings

Phinia emerged as parent BorgWarner shifts to electrification. Automakers globally are transitioning to electric vehicles.

Phinia Stock Debuts With Strong Gain. Don't Count Out Combustion Vehicles Yet.

Phinia Inc.'s stock PHIN.WI, -4.57% is set to debut on the New York Stock Exchange (NYSE) on Wednesday, following the completion of the company's separation from BorgWarner Inc. BWA, +2.35% on Monday. Phinia makes fuel and electric systems and aftermarket products for vehicles, with brands including Delphi and Delco.

Phinia stock to debut on NYSE, after spinning off from BorgWarner

AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA completes spin-off from BorgWarner and launches as independent entity with freedom to focus on sustainable solutions for a carbon-free tomorrow.

PHINIA Inc. Completes Separation from BorgWarner, Starts Trading on New York Stock Exchange

AUBURN HILLS, Mich. , July 3, 2023 /PRNewswire/ -- BorgWarner Inc. (NYSE: BWA) today announced the successful completion of the spin-off of its Fuel Systems and Aftermarket segments into a separate, publicly-traded company named PHINIA (NYSE: PHIN).

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