PHINIA Inc. - PHIN STOCK NEWS

PHINIA (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, has announced its participation in Barclays' 15th Annual Automotive and Mobility Tech Conference. The event will take place in New York on November 20, 2024, at 9:20 AM Eastern Time. President and CEO Brady Ericson will engage in a fireside chat with Barclays' auto analysts Dan Levy and Trevor 'TL' Young. The presentation will be available via webcast on PHINIA's Investor Relations website, offering investors and interested parties remote access to the company's insights and strategic updates.

PHINIA (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, has announced a quarterly cash dividend of $0.25 per common share. The dividend will be payable on December 13, 2024, to shareholders of record as of the close of business on November 25, 2024.

PHINIA reported Q3 2024 results with net sales of $839 million, down 6.4% year-over-year due to lower Fuel Systems sales in Europe and China, partially offset by strong Aftermarket segment sales. Operating income reached $66 million with a 7.9% margin, up $20 million from Q3 2023. The company achieved net earnings of $31 million with earnings per share of $0.70. Key financial metrics include adjusted EBITDA of $120 million and $60 million in adjusted free cash flow. PHINIA revised its full-year 2024 guidance, now expecting net sales between $3.36-3.41 billion and adjusted EBITDA of $470-490 million.

PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket parts, will report its third quarter 2024 results on Thursday, October 31, 2024. The company will host a webcast to review the results and take questions from the investment community at 8:30 AM Eastern Time on the same day.

Investors can access the earnings press release, presentation, and other materials on the 'Investors' section of PHINIA's website. The webcast will be available under the 'Events & Presentations' heading, with a replay accessible after the presentation concludes.

For those unable to join the webcast, teleconferencing options are available, including toll-free numbers for USA/Canada and international lines. A 14-day telephone replay will be available until November 14, 2024.

PHINIA Inc. (NYSE: PHIN), a global leader in fuel systems, electrical systems, and aftermarket products, has published its 2024/25 Emission Standards Booklet for heavy-duty and off-road vehicles, engines, and machinery. This comprehensive guide, originally developed by Delphi in 1993, is the only globally comprehensive emissions booklet available, detailing current, historical, and future standards.

The booklet covers key emission standards from major regions including the EU, USA, Japan, China, South Korea, and India. It aims to help vehicle and engine manufacturers stay updated with evolving emission regulations, supporting the industry's transition to cleaner technologies. This publication aligns with PHINIA's commitment to developing more fuel-efficient combustion technologies and lower- and zero-carbon alternatives.

PHINIA Inc. (NYSE:PHIN) has launched the CR350, the first electronically-controlled, low pressure common rail injection system for compact diesel engines in off-highway applications, in partnership with Kohler Engines. This cost-effective solution is designed to reduce emissions and improve fuel efficiency by up to 7% for small diesel engines (<19kW). The CR350 system, which can run up to 350 bar fuel pressure, complies with EU Stage V, EPA Tier 4, and China Stage 4 emissions regulations.

Developed in just 14 months, the CR350 integrates seamlessly with Kohler's KSD diesel engine, optimizing fuel delivery through advanced electronic control. Its compact design makes it suitable for various off-highway applications, including forklifts, generators, tractors, and belt loaders. This technology offers a sustainable alternative to electric engines in applications where they may not be suitable.

PHINIA Inc. (NYSE: PHIN) has successfully priced its private offering of $450 million in unsecured 6.625% senior notes due 2032. This represents an increase from the previously announced $400 million offering. The notes, priced at 100.00% plus accrued interest, are set to close around September 17, 2024. They will be guaranteed by PHINIA's subsidiaries that guarantee its credit facilities and 6.75% senior secured notes due 2029.

The company plans to use the net proceeds to repay all outstanding borrowings under its term loan A facility, cover offering-related fees and expenses, and for general corporate purposes. The notes are being offered only to qualified institutional buyers and certain non-U.S. persons, in compliance with Securities Act exemptions.

PHINIA Inc. (NYSE: PHIN) has announced plans for a private offering of $400 million in unsecured senior notes due 2032, subject to market conditions. The notes will be guaranteed by PHINIA's subsidiaries that guarantee its credit facilities and 6.75% senior secured notes due 2029. The net proceeds will be used to repay outstanding borrowings under the company's term loan A facility, cover offering-related expenses, and for general corporate purposes. The notes are being offered only to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S, as they are not registered under the Securities Act or state securities laws.

PHINIA Inc. (NYSE: PHIN), a global market leader in premium solutions and components, will participate in Morgan Stanley's 12th Annual Laguna Conference on September 12, 2024. The event, held in Dana Point, CA, will feature a presentation and Q&A session at 2:00 PM Pacific Time.

PHINIA's President and CEO Brady Ericson and CFO Chris Gropp will engage in a fireside chat with Morgan Stanley's auto analysts, Adam Jonas and William Tackett. The presentation will be accessible via webcast on PHINIA's Investor Relations website.

With over 100 years of manufacturing expertise, PHINIA boasts a strong brand portfolio including DELPHI®, DELCO REMY®, and HARTRIDGETM. Investors and interested parties can access the audio webcast through the provided link.