Exhibit 99.1 PHINIA REPORTS THIRD QUARTER 2024 RESULTS Auburn Hills, Michigan, October 31, 2024 – 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 c ...

The Company manufactures and sells products and solutions, primarily to OEMs of commercial vehicle, industrial applications and light vehicles, to certain Tier One vehicle systems suppliers and into the aftermarket. The Company's payment terms are based on customary business practices and vary by customer type and products offered. The Company has evaluated the terms of its arrangements and determined that they do not contain significant financing components. | --- | --- | --- | --- | --- | --- | --- | --- ...

Exhibit 99.1 PHINIA REPORTS SECOND QUARTER 2024 RESULTS Auburn Hills, Michigan, July 30, 2024 – PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, today reported results for the second quarter ended June 30, 2024. • Contract extension for gasoline fuel delivery modules for a 2-wheeler with a leading global Original Equipment Manufacturer (OEM), supporting the customer mostly in the Indian market. • Conquest business win to supply fuel delivery modules ...

A Healthy First Quarter GDI Growth Should Offset EV Penetration PHINIA also has what I believe to be an underrated opportunity in commercial vehicles through its diesel injection systems. Components for commercial vehicles and industrial applications (including diesel fuel injection, starters, and alternators) make up about 25% of the business today and management is looking to grow this to over one-third of the business in 2030. Relative to passenger vehicles, the transition to electrification is likely to ...

Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it. Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. - ...

PHINIA Inc. (NYSE:PHIN) Q1 2024 Earnings Conference Call April 25, 2024 8:30 AM ET Company Participants Gordon Muir - Vice President and Treasurer Brady Ericson - Chief Executive Officer Chris Gropp - Chief Financial Officer Conference Call Participants Jake Scholl - BNP Paribas Exane Operator Thank you for standing by, and welcome to the Phinia Q1 2024 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers remarks, there will be a question-and-answer session. ...

Q1 2024 EARNINGS 2 We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date they are made. We undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Non-GAAP financial measures are not and should not be considered a substitute for any GAAP measure. Additionally, because not all companies use identical calculations, the non-GAAP financi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 001-41708 PHINIA INC. (Exact name of registrant as specified in its charter) Delaware 92-2483604 (State or other jurisdiction of inc ...

Financial Performance - U.S. GAAP net sales for Q1 2024 were $863 million, a 3.4% increase compared to Q1 2023[4] - Adjusted operating income for Q1 2024 was $97 million, with an adjusted operating margin of 11.5%, reflecting a year-over-year increase of 170 basis points[4] - Net earnings for Q1 2024 were $29 million, resulting in a net margin of 3.4%, a decrease of 80 basis points year-over-year[4] - Adjusted EBITDA for Q1 2024 was $131 million, with an adjusted EBITDA margin of 15.5%, an increase of 160 basis points compared to the previous year[4] - Adjusted sales for Q1 2024 were $846 million, a slight increase from $835 million in Q1 2023, reflecting a growth of 1.3%[31] - Adjusted operating income for Q1 2024 was $97 million, up from $82 million in Q1 2023, representing a 18.3% increase[32] - Adjusted EBITDA for Q1 2024 reached $131 million, compared to $116 million in Q1 2023, marking a 12.9% growth[35] - Adjusted net earnings for Q1 2024 were $51 million, down from $56 million in Q1 2023, indicating a decrease of 8.9%[36] - Adjusted net earnings per diluted share for Q1 2024 were $1.08, compared to $1.19 in Q1 2023, reflecting a decline of 9.2%[37] - Operating margin for Q1 2024 improved to 8.2%, up from 6.9% in Q1 2023[32] - Adjusted operating margin for Q1 2024 was 11.5%, compared to 9.8% in Q1 2023, showing an increase of 17.3%[32] - Segment adjusted operating income for Fuel Systems in Q1 2024 was $55 million, up from $43 million in Q1 2023, representing a 27.9% increase[33] Cash Flow and Capital Management - Cash and cash equivalents at the end of Q1 2024 were $325 million, with long-term debt at $706 million[6] - Capital expenditures during Q1 2024 were $43 million, primarily for new machinery and equipment[7] - The company paid $12 million in dividends and repurchased $23 million of its outstanding shares during the quarter[5] - Net cash generated by operating activities was $31 million, with adjusted free cash flow of $13 million[4] - Adjusted free cash flow for Q1 2024 was $13 million, a significant improvement from a negative $52 million in Q1 2023[38] Guidance and Future Outlook - The company reaffirms its FY 2024 guidance for net sales between $3.42 billion and $3.58 billion, and adjusted EBITDA between $470 million and $510 million[8] - Full year 2024 adjusted sales guidance is set between $3,400 million and $3,550 million, with a spin-off agreement adjustment of $20 million to $25 million[39] Business Development - The company secured important contract extensions to supply fuel injectors and GDi fuel systems to leading global OEMs in the commercial vehicle and light vehicle segments[4]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41708 PHINIA Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of Incorporation or organizatio ...