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PHINIA Board Declares Quarterly Dividend of $0.27 per Common Share
Businesswire· 2025-10-30 20:30
AUBURN HILLS, Mich.--(BUSINESS WIRE)--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 $0.27 per common share, payable on December 12, 2025, to shareholders of record at the close of business on November 24, 2025. About PHINIA PHINIA is an independent, market-leading, premium solutions and components provider wi. ...
PHINIA to Participate in the Baird 2025 Global Industrial Conference
Businesswire· 2025-10-29 20:30
Core Viewpoint - PHINIA Inc. will participate in Baird's 2025 Global Industrial Conference on November 13, 2025, focusing on industry dynamics and the company's business [1] Company Participation - The participation will be in-person and will include a Q&A session [1] - Key executives attending include President and CEO Brady Ericson and Vice President and CFO Chris Gropp [1]
PHINIA Reports Third Quarter 2025 Results
Businesswire· 2025-10-28 11:30
Core Insights - PHINIA Inc. reported strong third-quarter results for 2025, highlighting the effectiveness of its strategic growth initiatives and the dedication of its workforce [3][4]. Financial Performance - Net sales reached $908 million, marking an 8.2% increase compared to Q3 2024. Adjusted sales increased by $43 million or 5.1% when excluding foreign currency impacts and the SEM acquisition [4][27]. - Net earnings were $13 million with a net margin of 1.4%, a decrease of $18 million and 230 basis points year-over-year, primarily due to a one-time loss related to separation claims [4][16]. - Adjusted EBITDA was $133 million, with an adjusted EBITDA margin of 14.6%, reflecting a year-over-year increase of $13 million and 30 basis points [4][28]. - The company returned $41 million to shareholders through share repurchases and dividends [4]. Strategic Developments - The acquisition of Swedish Electromagnet Invest AB (SEM) for approximately $47 million was completed, enhancing PHINIA's capabilities in alternative fuel ignition systems [4][5]. - New business wins included contracts with leading OEMs in North America and Asia, expanding PHINIA's market presence [4][5]. Balance Sheet and Cash Flow - The company ended the quarter with cash and cash equivalents of $349 million and total debt of $992 million [6][7]. - Net cash generated by operating activities was $119 million, a year-over-year increase of $24 million, while adjusted free cash flow was $104 million compared to $60 million in Q3 2024 [7][30]. 2025 Full Year Guidance - PHINIA updated its full-year guidance, projecting net sales between $3.39 billion and $3.45 billion, with net earnings expected to be $100 million to $110 million [8]. - Adjusted EBITDA is projected to be between $465 million and $480 million, with an adjusted free cash flow forecast of $175 million to $205 million [8].
PHINIA to Participate in Gabelli's 49th Annual Automotive Symposium
Businesswire· 2025-10-22 20:30
Core Viewpoint - PHINIA Inc. will participate in Gabelli's 49th Annual Automotive Symposium on November 4, 2025, focusing on industry dynamics and the company's business [1] Company Participation - The participation will be in-person and will include a Q&A session [1] - PHINIA's President and CEO, Brady Ericson, will engage in the Q&A session alongside Gabelli's Brian Sponheimer [1] Industry Dynamics - The event will provide insights into the automotive industry dynamics [1] - The discussion will likely cover trends and challenges facing the automotive sector [1]