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PHINIA Inc. - PHIN STOCK NEWS

Welcome to our dedicated page for PHINIA news (Ticker: PHIN), a resource for investors and traders seeking the latest updates and insights on PHINIA stock.

PHINIA Inc. (NYSE: PHIN) is a global leader in the development, design, and manufacture of integrated components and systems that enhance performance, improve efficiency, and reduce emissions in combustion and hybrid propulsion systems. The company's diverse product portfolio serves commercial vehicles, industrial applications, and light vehicles. PHINIA is a trusted supplier to major original equipment manufacturers (OEMs) worldwide, offering a broad range of original equipment service (OES) solutions and aftermarket products.

PHINIA's extensive original equipment portfolio includes advanced fuel injection systems, fuel delivery modules, canisters, starters, alternators, sensors, electronic control modules, and associated software. These products are crucial in ensuring optimal performance and reducing environmental impact. The company is committed to innovation, continuously working on projects that advance the efficiency and sustainability of vehicle and industrial systems.

Recently, PHINIA successfully spun off from BorgWarner Inc., positioning itself as a standalone, publicly traded entity. This strategic move allows both companies to focus on their core strengths and pursue their respective goals more effectively. The spin-off is part of BorgWarner's 'Charging Forward' strategy, which aims to accelerate the transition to electrification and enhance the value of its foundational portfolio.

PHINIA's commitment to excellence is evident in its partnerships with leading automotive and industrial brands, ensuring the delivery of high-quality, reliable components and systems. Financially, the company is well-positioned, with a strong foundation built on years of industry experience and innovation.

For investors and stakeholders, PHINIA represents a solid investment opportunity with a clear focus on sustainability and technological advancement. As the automotive and industrial sectors continue to evolve, PHINIA is poised to play a significant role in shaping the future of propulsion systems.

News

PHINIA Declares Quarterly Dividend of $0.25 per Common Share

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PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket products, declared a quarterly cash dividend of $0.25 per common share. The dividend is payable on June 14, 2024, to shareholders of record as of May 24, 2024.

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PHINIA Reports Strong First Quarter 2024 Results and Reaffirms 2024 Outlook

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PHINIA Inc. (NYSE: PHIN) reported strong first-quarter results for 2024, with U.S. GAAP net sales of $863 million, a 3.4% increase from Q1 2023. Operating income was $71 million, adjusted operating income was $97 million, and adjusted EBITDA was $131 million. The company reaffirmed its 2024 outlook with expectations of net sales between $3.42 billion to $3.58 billion, adjusted EBITDA of $470 million to $510 million, and adjusted free cash flow of $160 million to $200 million.
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PHINIA Inc. to Report Q1 2024 Earnings

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PHINIA Inc. (NYSE: PHIN) will release its first quarter 2024 results on April 25, 2024, and host a webcast to discuss the earnings. Investors can access the materials on the company's website and participate in the webcast to gain insights into PHINIA's performance.
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PHINIA Announces Pricing of Private Offering of $525,000,000 of Senior Secured Notes due 2029

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PHINIA Inc. (PHIN) announces the pricing of $525 million aggregate principal amount of its 6.75% senior secured notes due 2029 in a private offering. The Offering size was increased from $425 million, with the notes being sold at 100.00% plus accrued interest. The closing is expected on or before April 4, 2024.
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PHINIA Announces Proposed Private Offering of $425,000,000 of Senior Secured Notes Due 2029

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PHINIA Inc. announces a private offering of $425 million senior secured notes due 2029 to repay existing borrowings and cover expenses.
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PHINIA Reports Solid Q4 and Full Year 2023 Results, Introduces 2024 Outlook

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PHINIA Inc. (NYSE: PHIN) reported Q4 and full year 2023 results with net sales of $882 million in Q4, a 3.6% increase YoY. Operating income was $81 million in Q4, with net earnings of $0.70 per diluted share. Full year net sales were $3,500 million, a 4.5% increase YoY. Operating income was $241 million, with net earnings of $2.17 per diluted share. PHINIA expects net sales of $3.42 billion to $3.57 billion in 2024.
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PHINIA Declares Quarterly Dividend of $0.25 per Common Share

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PHINIA Inc. declares a quarterly cash dividend of $0.25 per common share, payable on March 15, 2024, to shareholders of record at the close of business on February 26, 2024.
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PHINIA Inc. to Report Q4 2023 Earnings

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PHINIA Inc. (NYSE: PHIN) will report fourth quarter 2023 results and provide its full year 2024 outlook on February 21, 2024. The company is a leader in premium fuel systems, electrical systems, and aftermarket parts. PHINIA's earnings press release, earnings presentation, and other materials will be available on the 'Investors' section of PHINIA's website. A webcast to review fourth quarter 2023 results and full year 2023 outlook will be hosted at 8:30 AM Eastern Time on February 21, 2024, with a replay available after the presentation.
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PHINIA Declares Quarterly Dividend of $0.25 per Common Share

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PHINIA Inc. (NYSE: PHIN) Declares Quarterly Cash Dividend of $0.25 per Share
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PHINIA Reports Solid Third Quarter 2023 Results and Updates Full Year Guidance

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PHINIA Inc. reported its Q3 2023 results, with net sales of $896 million, a 4.3% increase compared to Q3 2022. Operating income was $58 million, resulting in an operating margin of 6.5%. The company also announced new business wins in strategic growth markets. However, adjusted operating margin and adjusted EBITDA margin decreased year-over-year. The company revised its FY 2023 outlook due to lower commercial vehicle sales in China and strikes in North America.
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FAQ

What is the current stock price of PHINIA (PHIN)?

The current stock price of PHINIA (PHIN) is $50.84 as of January 21, 2025.

What is the market cap of PHINIA (PHIN)?

The market cap of PHINIA (PHIN) is approximately 2.2B.

What does PHINIA Inc. specialize in?

PHINIA Inc. specializes in the development, design, and manufacture of integrated components and systems that optimize performance, increase efficiency, and reduce emissions in combustion and hybrid propulsion systems.

Who are PHINIA's primary customers?

PHINIA's primary customers include major original equipment manufacturers (OEMs) in the automotive and industrial sectors.

What products does PHINIA offer?

PHINIA offers a range of products including advanced fuel injection systems, fuel delivery modules, canisters, starters, alternators, sensors, electronic control modules, and associated software.

Has PHINIA recently achieved any significant milestones?

Yes, PHINIA recently completed its spin-off from BorgWarner Inc., becoming a standalone, publicly traded company. This strategic move allows both companies to focus on their respective goals.

How does PHINIA contribute to sustainability?

PHINIA contributes to sustainability by developing and manufacturing components and systems that reduce emissions and increase efficiency in combustion and hybrid propulsion systems.

What is PHINIA's relationship with BorgWarner Inc.?

PHINIA was previously a part of BorgWarner Inc. but recently completed a spin-off, allowing it to operate as a separate, publicly traded entity.

What is the significance of PHINIA's original equipment service (OES) solutions?

PHINIA's original equipment service (OES) solutions ensure the delivery of high-quality, reliable components and systems to OEMs, which are crucial for the performance and sustainability of vehicles and industrial applications.

What markets does PHINIA serve?

PHINIA serves the automotive market, including light vehicles, as well as commercial vehicles and industrial applications.

What differentiates PHINIA from its competitors?

PHINIA's commitment to innovation, extensive product portfolio, and strong partnerships with leading OEMs differentiate it from its competitors.

Where can I find more information about PHINIA's financial performance?

More information about PHINIA's financial performance can be found in their investor relations section on their official website and in their filings with the Securities and Exchange Commission (SEC).
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PHINIA Inc.

NYSE:PHIN

PHIN Rankings

#1938 Ranked by Market Cap
#1409 Ranked by Dividends

PHIN Stock Data

2.15B
41.30M
1.87%
105.68%
7.16%
Auto Parts
Motor Vehicle Parts & Accessories
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