PHINIA (PHIN) - 2025 Q2 - Quarterly Results

• On June 10, 2025, PHINIA entered into a definitive agreement to acquire Swedish Electromagnet Invest AB (SEM), a prominent provider of advanced natural gas, hydrogen and other alternative fuel ignition systems, injector stators and linear position sensors for approximately $47 million. The transaction is expected to close in the third quarter of 2025. • Net sales of $890 million, an increase of 2.5% compared with Q2 2024. ◦ Excluding the impacts of foreign currency and contract manufacturing agreements th ...