For the quarter ended March 2025, Phinia (PHIN) reported revenue of $796 million, down 7.8% over the same period last year. EPS came in at $0.94, compared to $1.08 in the year-ago quarter.The reported revenue represents a surprise of -2.94% over the Zacks Consensus Estimate of $820.13 million. With the consensus EPS estimate being $1.04, the EPS surprise was -9.62%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectat ...

Q1 2025 EARNINGS This presentation This press release contains forward-looking statements within the meaning of U.S. federal securities laws. Forward-looking statements are statements other than historical fact that provide current expectations or forecasts of future events based on certain assumptions and are not guarantees of future performance. Forward-looking statements use words such as "anticipate," "believe," "continue," "could," "designed," "effect," "estimate," "evaluate," "expect," "forecast," "go ...

PHINIA Inc. (NYSE:PHIN) Q1 2025 Earnings Conference Call April 25, 2025 8:30 AM ET Company Participants Kellen Ferris - Vice President of Investor Relations Brady Ericson - Chief Executive Officer Chris Gropp - Chief Financial Officer Conference Call Participants Jake Scholl - BNP Paribas Joseph Spak - UBS Bobby Brooks - Northland Capital Markets David Silver - C.L. King Federico Merendi - Bank of America Operator Ladies and gentlemen, thank you for standing by. My name is Christa, and I will be your confer ...

Financial Performance - PHINIA's net sales for Q1 2025 were $796 million, a decrease of $67 million, or 8%, compared to $863 million in Q1 2024[96] - Cost of sales for Q1 2025 was $624 million, representing 78% of net sales, compared to $671 million and 78% in Q1 2024[97] - Gross profit for Q1 2025 was $172 million, or 21.6% of net sales, down from $192 million, or 22.2%, in Q1 2024[96] - Operating income for Q1 2025 was $62 million, or 7.8% of net sales, compared to $71 million, or 8.1%, in Q1 2024[96] - Net earnings for Q1 2025 were $26 million, consistent at 3.3% of net sales, compared to $29 million in Q1 2024[96] - SG&A expenses for Q1 2025 were $107 million, up from $104 million in Q1 2024, representing 13% of net sales compared to 12%[99] Market Outlook - PHINIA expects mid-single digit percentage declines in light vehicle volumes in key markets for 2025[93] - The company anticipates flat to modest sales increases in 2025, impacted by foreign currency and macroeconomic challenges[93] - PHINIA maintains a positive long-term outlook, focusing on new product development and market share expansion in the commercial vehicle market[94] Segment Performance - For the three months ended March 31, 2025, net sales for the Fuel Systems segment were $473 million, a decrease of 10.2% from $527 million in the same period of 2024[117] - The Aftermarket segment reported net sales of $323 million for the three months ended March 31, 2025, down from $336 million in the same period of 2024, reflecting a decrease of 3.9%[117] - The Fuel Systems segment's Adjusted Operating margin decreased to 9.5% in Q1 2025 from 10.4% in Q1 2024, primarily due to unfavorable mix and tariff impacts[117][118] - The Aftermarket segment's Adjusted Operating margin also decreased to 16.1% in Q1 2025 from 17.9% in Q1 2024, attributed to unfavorable mix and tariff impacts on OEM sales[118] Liquidity and Cash Flow - As of March 31, 2025, the company had total liquidity of $872 million, consisting of $373 million in cash and cash equivalents and $499 million available on its revolving credit facility[119] - Net cash provided by operating activities increased to $40 million in Q1 2025 from $31 million in Q1 2024, mainly due to lower interest payments[123] - Net cash used in investing activities was $35 million in Q1 2025, down from $42 million in Q1 2024, with capital expenditures representing 4.4% of sales[124] - Net cash used in financing activities increased to $117 million in Q1 2025 from $41 million in Q1 2024, primarily due to increased stock repurchases[125] Currency Impact - The company deferred a pre-tax loss of $10 million as of March 31, 2025, related to a net investment hedge for currency translation risk[130] - The company experienced a 5% increase in the Euro against the U.S. dollar, resulting in a $26 million impact on other comprehensive income for the three months ended March 31, 2025[132] Taxation - The effective tax rate for Q1 2025 was 48%, with an expected full-year effective tax rate between 38% and 42%[106]

Phinia (PHIN) came out with quarterly earnings of $0.94 per share, missing the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $1.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -9.62%. A quarter ago, it was expected that this maker of gas and diesel fuel systems would post earnings of $0.80 per share when it actually produced earnings of $0.71, delivering a surprise of -11.25%.Over the last four q ...

Exhibit 99.1 PHINIA REPORTS FIRST QUARTER 2025 RESULTS Auburn Hills, Michigan, April 25, 2025 – PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, today reported results for the first quarter ended March 31, 2025. First Quarter Highlights: 2025 Full Year Guidance: Key Wins in Strategic Growth Markets: New business wins remained strong across all end markets. A few examples of new business awards in Q1 are: 1 • Net sales of $796 million, a decrease of 7 ...

Company Overview - Phinia (PHIN) is expected to report a year-over-year decline in earnings, with a projected EPS of $1.06, reflecting a decrease of 1.9% compared to the previous year [3] - Revenues are anticipated to be $820.13 million, down 5% from the same quarter last year [3] Earnings Expectations - The consensus EPS estimate has been revised 0.74% higher in the last 30 days, indicating a slight bullish sentiment among analysts [4] - The Most Accurate Estimate for Phinia is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +1.66%, suggesting a likelihood of beating the consensus EPS estimate [10][11] Earnings Surprise History - In the last reported quarter, Phinia was expected to post earnings of $0.80 per share but delivered only $0.71, resulting in a surprise of -11.25% [12] - Over the last four quarters, Phinia has beaten consensus EPS estimates two times [13] Industry Context - Allison Transmission (ALSN), a peer in the Zacks Automotive - Original Equipment industry, is expected to report an EPS of $1.97, which represents a year-over-year increase of 3.7% [17] - Revenues for Allison Transmission are projected to be $786.38 million, down 0.3% from the previous year [17] - The consensus EPS estimate for Allison has been revised 6.5% lower in the last 30 days, resulting in a negative Earnings ESP of -6.41%, making it challenging to predict an earnings beat [18]

Core Insights - Phinia reported revenue of $833 million for the quarter ended December 2024, a decrease of 5.6% year-over-year, with EPS remaining unchanged at $0.71 compared to the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $811.94 million by 2.59%, while the EPS fell short of the consensus estimate of $0.80 by 11.25% [1] Financial Performance - The company’s stock has returned -5.7% over the past month, contrasting with the Zacks S&P 500 composite's increase of 3.9% [3] - Phinia holds a Zacks Rank 2 (Buy), suggesting potential outperformance against the broader market in the near term [3] Geographic Revenue Breakdown - Revenue from the Americas was $343 million, slightly below the average estimate of $351.98 million from two analysts [4] - Revenue from Asia reached $152 million, surpassing the average estimate of $124.71 million [4] - Revenue from Europe was $338 million, slightly above the average estimate of $334.86 million [4]

Financial Data and Key Metrics Changes - Net sales for Q4 2024 were $833 million, down 5.6% year-over-year, impacted by lower fuel system sales and the absence of contract manufacturing revenues [7][20] - Adjusted EBITDA was $110 million with a margin of 13.2%, a decrease of 160 basis points year-over-year [8][23] - Adjusted free cash flow was $72 million for Q4 and $253 million for the full year, reflecting disciplined working capital management [9][30] - The company ended 2024 with cash and cash equivalents of $484 million, up from $365 million at year-end 2023, and total liquidity of approximately $1 billion [9][29] Business Line Data and Key Metrics Changes - The aftermarket segment saw a year-over-year sales increase of 4.9%, while fuel systems segment sales decreased by 11.7% [21] - Adjusted operating income for Q4 was $78 million with a 9.4% adjusted operating margin, down from the previous year [22] - The aftermarket segment margin decreased to 14.9%, while fuel systems segment margins improved to 11.4%, up 110 basis points year-over-year [25] Market Data and Key Metrics Changes - Combined commercial vehicle markets accounted for 39% of revenues, with the independent aftermarket at 34% and light passenger vehicle OE at 27% [12][13] - The company expects light vehicle ICE sales to decline in the low single-digit range globally, while commercial vehicle sales are anticipated to increase in the low to mid-single-digit range [31][32] Company Strategy and Development Direction - The company aims to continue focusing on financial discipline, growing its aftermarket, commercial, and industrial OE business, and leveraging human and manufacturing capital efficiently [15][17] - Strategic actions are expected to drive meaningful cash flow generation and sustainable growth, with a strong balance sheet providing financial flexibility [35] Management's Comments on Operating Environment and Future Outlook - Management noted that the macro and industry environment remained soft, with expectations for continued challenges in the light vehicle market but potential recovery in commercial vehicles in the second half of 2025 [6][32] - The company anticipates headwinds related to exchange rates, particularly with a stronger US dollar impacting sales [33] Other Important Information - The company returned $256 million to shareholders through dividends and share buybacks in 2024, reflecting confidence in cash flow generation [15][17] - The board approved an increase in the share repurchase program by $200 million and declared a quarterly dividend of $0.27 per share, an 8% increase year-over-year [17] Q&A Session Summary Question: CapEx details and margin impact - The full-year CapEx was $105 million, primarily for new machinery and program launches, with expectations that these investments will help lift margins going forward [38][39] Question: Aerospace and defense market entry - The second product win in aerospace and defense is with the same customer, utilizing the same facility and equipment, with quality certification expected by Q1/Q2 [42][43] Question: High tax rate explanation - The high effective tax rate of 41.5% was due to legacy structure inefficiencies and is expected to take time to resolve [24][54] Question: Segment expectations - The Fuel Systems segment is expected to face volume and revenue pressures, while the Aftermarket segment is anticipated to continue performing well [58][60] Question: M&A opportunities - The company is looking for specific assets to expand its commercial vehicle and aftermarket exposures, remaining disciplined in capital allocation [66][68] Question: GDI market penetration - GDI global penetration rates are around 60%-65%, with the company maintaining a mid-teen market share and expecting to gain more with new program launches [71][72] Question: Guidance for the coming year - The biggest downside risk is the rebound of commercial vehicle sales, while upside potential includes stronger global markets and a weaker US dollar [79][83]

Q4 2024 EARNINGS February 13, 2024 Forward-Looking Statements This presentation This press release contains forward-looking statements within the meaning of U.S. federal securities laws. Forward-looking statements are statements other than historical fact that provide current expectations or forecasts of future events based on certain assumptions and are not guarantees of future performance. Forward-looking statements use words such as "anticipate," "believe," "continue," "could," "designed," "effect," "est ...