PHINIA Reaffirms 2024 Outlook For Net Sales Of $3.42B-$3.58B, Adjusted Sales Of $3.40B-$3.55B Vs. $3.48B Consensus; Expects To Generate $160M-$200M In Adjusted Free Cash Flow

4/25/24 7:45:41 AM ET

Auto Parts:O.E.M.

Consumer Discretionary

Get the next $PHIN alert in real time by email

2024 Full Year Guidance:

The Company reaffirms its FY 2024 outlook for net sales of $3.42 billion to $3.58 billion, adjusted sales of $3.40 billion to $3.55 billion, net earnings and margin of $125 million to $160 million and 3.7% to 4.5%, respectively, adjusted EBITDA of $470 million to $510 million, and adjusted EBITDA margin of 13.8% to 14.4%. PHINIA expects to generate $160 million to $200 million in adjusted free cash flow. Adjusted tax rate is expected to be in the range of 28% to 32%.

Get the next $PHIN alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$PHIN

Date	Price Target	Rating	Analyst
9/25/2024	$50.00	Overweight → Equal-Weight	Morgan Stanley
9/4/2024	$55.00	Buy	UBS
3/11/2024	$50.00	Overweight	Morgan Stanley
9/5/2023	$36.00	Outperform	Exane BNP Paribas

More analyst ratings

$PHIN
Financials

Live finance-specific insights

PHINIA Declares Quarterly Dividend of $0.25 per Common Share
PHINIA Inc. ("PHINIA" or the "Company") (NYSE:PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, today announced that its Board of Directors has declared a quarterly cash dividend in the amount of $0.25 per common share, payable on December 13, 2024, to shareholders of record at the close of business on November 25, 2024. About PHINIA PHINIA is an independent, market-leading, premium solutions and components provider with over 100 years of manufacturing expertise and industry relationships, with a strong brand portfolio that includes DELPHI®, DELCO REMY® and HARTRIDGE™. With over 13,000 employees across 44 locations in 20 countries, PHINIA is headqua
11/14/24 4:15:00 PM ET
$PHIN
Auto Parts:O.E.M.
Consumer Discretionary
PHINIA Reports Third Quarter 2024 Results
PHINIA Inc. (NYSE:PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, today reported results for the third quarter ended September 30, 2024. Third Quarter Highlights: Net sales of $839 million, a decrease of 6.4% compared with Q3 2023. Lower Fuel Systems (FS) sales in Europe and China partially offset by strong Aftermarket segment sales in Europe led to lower net sales compared to Q3 2023. Excluding the effects of contract manufacturing that ended in the quarter, adjusted sales were $838 million, down 3.7% year-over-year. Operating income of $66 million and operating margin of 7.9%, representing a year-over-year increase of $20 million and 280
10/31/24 7:30:00 AM ET
$PHIN
Auto Parts:O.E.M.
Consumer Discretionary
PHINIA Board Declares Quarterly Dividend of $0.25 per Common Share and Authorizes $250 Million Increase to Share Repurchase Program
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 13, 2024, to shareholders of record at the close of business on August 23, 2024. The Board of Directors also authorized a $250 million increase to its previously approved $150 million share repurchase program. Including the $250 million increase announced today, approximately $263 million is available under the Company's repurchase program. Under the share repurchase program, the Company's common shares may be r
8/1/24 4:46:00 PM ET
$PHIN
Auto Parts:O.E.M.
Consumer Discretionary

$PHIN
Press Releases

Fastest customizable press release news feed in the world

PHINIA to Present and Host 1x1's at Barclays' 15th Annual Automotive and Mobility Tech Conference
PHINIA Inc. ("PHINIA" or the "Company") (NYSE:PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, will present and host a question & answer session at Barclays' 15th Annual Automotive and Mobility Tech conference, in New York, NY, on November 20, 2024, at 9:20am Eastern Time. PHINIA's presentation and other materials will be available on the "Investors" section of PHINIA's website, PHINIA - Investor Relations. PHINIA's President and CEO, Brady Ericson will take part in a fireside chat with Barclays' auto analysts, Dan Levy and Trevor "TL" Young. The event will be webcast and available on PHINIA's Investor Relations website. Event information can be foun
11/18/24 9:00:00 AM ET
$PHIN
Auto Parts:O.E.M.
Consumer Discretionary
PHINIA Declares Quarterly Dividend of $0.25 per Common Share
PHINIA Inc. ("PHINIA" or the "Company") (NYSE:PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, today announced that its Board of Directors has declared a quarterly cash dividend in the amount of $0.25 per common share, payable on December 13, 2024, to shareholders of record at the close of business on November 25, 2024. About PHINIA PHINIA is an independent, market-leading, premium solutions and components provider with over 100 years of manufacturing expertise and industry relationships, with a strong brand portfolio that includes DELPHI®, DELCO REMY® and HARTRIDGE™. With over 13,000 employees across 44 locations in 20 countries, PHINIA is headqua
11/14/24 4:15:00 PM ET
$PHIN
Auto Parts:O.E.M.
Consumer Discretionary
PHINIA Reports Third Quarter 2024 Results
PHINIA Inc. (NYSE:PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, today reported results for the third quarter ended September 30, 2024. Third Quarter Highlights: Net sales of $839 million, a decrease of 6.4% compared with Q3 2023. Lower Fuel Systems (FS) sales in Europe and China partially offset by strong Aftermarket segment sales in Europe led to lower net sales compared to Q3 2023. Excluding the effects of contract manufacturing that ended in the quarter, adjusted sales were $838 million, down 3.7% year-over-year. Operating income of $66 million and operating margin of 7.9%, representing a year-over-year increase of $20 million and 280
10/31/24 7:30:00 AM ET
$PHIN
Auto Parts:O.E.M.
Consumer Discretionary

$PHIN
Market Insights

Live Market Insights

PHINIA Added U.S. Small-Cap Russell 2000 Index
PHINIA will be joining Russell 2000® Index in the wake of its annual reconstitutionThe Russell 2000® Index reconstitution reflects the current state of the US equity market and its market segmentsPHINIA Inc. ((PHIN), a leader in premium fuel systems, electrical systems, and aftermarket parts, today announced that the Company was added as a member of the US small-cap Russell 2000 Index, effective as of US market open on July 1, as part of the 2024 Russell Index's reconstitution.Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of December 2023, about $10.5 trill
7/2/24 3:00:53 PM ET
$PHIN
Auto Parts:O.E.M.
Consumer Discretionary
PHINIA Reaffirms 2024 Outlook For Net Sales Of $3.42B-$3.58B, Adjusted Sales Of $3.40B-$3.55B Vs. $3.48B Consensus; Expects To Generate $160M-$200M In Adjusted Free Cash Flow
2024 Full Year Guidance: The Company reaffirms its FY 2024 outlook for net sales of $3.42 billion to $3.58 billion, adjusted sales of $3.40 billion to $3.55 billion, net earnings and margin of $125 million to $160 million and 3.7% to 4.5%, respectively, adjusted EBITDA of $470 million to $510 million, and adjusted EBITDA margin of 13.8% to 14.4%. PHINIA expects to generate $160 million to $200 million in adjusted free cash flow. Adjusted tax rate is expected to be in the range of 28% to 32%.
4/25/24 7:45:41 AM ET
$PHIN
Auto Parts:O.E.M.
Consumer Discretionary
Phinia Q1 2024 Adj EPS $1.08 Beats $0.74 Estimate, Sales $863.000M Up From $835.000M YoY
Phinia (NYSE:PHIN) reported quarterly earnings of $1.08 per share which beat the analyst consensus estimate of $0.74 by 45.95 percent. This is a 9.24 percent decrease over earnings of $1.19 per share from the same period last year. The company reported $863.000 million in sales this quarter. This is a 3.35 percent increase over sales of $835.000 million the same period last year.
4/25/24 7:40:22 AM ET
$PHIN
Auto Parts:O.E.M.
Consumer Discretionary

PHINIA Reaffirms 2024 Outlook For Net Sales Of $3.42B-$3.58B, Adjusted Sales Of $3.40B-$3.55B Vs. $3.48B Consensus; Expects To Generate $160M-$200M In Adjusted Free Cash Flow

Chat with this insight

Recent Analyst Ratings for $PHIN

$PHIN Financials

Live finance-specific insights

PHINIA Declares Quarterly Dividend of $0.25 per Common Share

PHINIA Reports Third Quarter 2024 Results

PHINIA Board Declares Quarterly Dividend of $0.25 per Common Share and Authorizes $250 Million Increase to Share Repurchase Program

$PHIN Large Ownership Changes

This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13G/A filed by PHINIA Inc.

Amendment: SEC Form SC 13G/A filed by PHINIA Inc.

SEC Form SC 13G filed by PHINIA Inc.

$PHIN SEC Filings

SEC Form 10-Q filed by PHINIA Inc.

PHINIA Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

PHINIA Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits

$PHIN Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

President and CEO Ericson Brady D gifted 5,000 shares, decreasing direct ownership by 1% to 432,800 units (SEC Form 4)

Vice President and CFO Gropp Chris P was granted 3,666 shares and received a gift of 8 shares, increasing direct ownership by 0.49% to 64,002 units (SEC Form 4)

Vice President and Controller Pombier Samantha was granted 45 shares, increasing direct ownership by 0.40% to 11,350 units (SEC Form 4)

$PHIN Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Director Kendrick Robin bought $3,929 worth of shares (86 units at $45.68) and was granted 18 shares, increasing direct ownership by 0.11% to 16,519 units (SEC Form 4)

Director Kendrick Robin bought $3,885 worth of shares (94 units at $41.12) and was granted 20 shares, increasing direct ownership by 0.12% to 16,501 units (SEC Form 4)

Fryer Neil was granted 208 shares, covered exercise/tax liability with 21 shares and bought $127 worth of shares (3 units at $37.70), increasing direct ownership by 0.68% to 28,046 units (SEC Form 4)

$PHIN Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

PHINIA downgraded by Morgan Stanley with a new price target

UBS initiated coverage on PHINIA with a new price target

Morgan Stanley initiated coverage on PHINIA with a new price target

$PHIN Press Releases

Fastest customizable press release news feed in the world

PHINIA to Present and Host 1x1's at Barclays' 15th Annual Automotive and Mobility Tech Conference

PHINIA Declares Quarterly Dividend of $0.25 per Common Share

PHINIA Reports Third Quarter 2024 Results

$PHIN Market Insights

Live Market Insights

PHINIA Added U.S. Small-Cap Russell 2000 Index