secwatch.observer — SEC 8-K summary
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Issuer:     PHINIA INC. (PHIN)
CIK:        0001968915
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0001968915-23-000002
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PHINIA Q2 sales $887M (+11.4% YoY), reaffirms FY2023 guidance
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- Net earnings $35M; adjusted EBITDA $130M (14.7% margin, +140 bps YoY).
- Operating income $56M; adjusted operating income $94M (adj. margin 10.6%, +180 bps).
- FY2023 guidance: sales $3.50-3.60B; adj. EBITDA $485-505M (13.8-14.3% margin).
- Secured Euro 7 injector award, DOE hydrogen project, Asian OEM PDCU contract.
- Historical results are carve-out from BorgWarner; spin-off completed July 3, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1968915/000196891523000002/0001968915-23-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1968915/000196891523000002/phin-20230807.htm
  HTML page:      https://secwatch.observer/filing/0001968915-23-000002

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer