PHINIA Q3 net sales $896M, adj. EPS $0.53; FY guidance revised lower

PHINIA INC.

2023-Q3 EPS reported $1.72 revenue$896,000,000

Q3 net sales $896M (+4.3% YoY); adj. operating margin 9.4%, down 400 bps YoY.
GAAP net earnings $0.24 per diluted share; adjusted net earnings $0.53 per diluted share.
Free cash flow $118M; cash on hand $367M at quarter end.
Board authorized $0.25 quarterly dividend and $150M share repurchase; $9M bought in Q3.
FY23 guidance: net sales $3.44-$3.50B, adj. EBITDA $465-$475M (13.6%-13.9% margin).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PHINIA INC. reported the quarter ended September 30, 2023 results: revenue $896 million, net income $11 million, EPS $0.24 per diluted share. Guidance lowered.

Period: the quarter ended September 30, 2023
Revenue: $896 million
Net income: $11 million
EPS: $0.24 per diluted share
Guidance: lowered
Result: reported results

Exact text from the filing

aftermarket products, today reported its third quarter ended September 30, 2023 results and updated full year 2023 guidance. Third Quarter Highlights: • U.S. GAAP net sales of $896 million, an increase of 4.3% compared with Q3 2022. ◦ Excluding $26 million of contract manufacturing sales, sales were up slightly compared to Q3 2022. Including currency and pricing

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Source: SEC EDGAR

accession 0001968915-23-000033

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