secwatch.observer — SEC 8-K summary
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Issuer:     PHINIA INC. (PHIN)
CIK:        0001968915
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0001968915-23-000033
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1968915/000196891523000033/0001968915-23-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1968915/000196891523000033/phin-20231106.htm
  HTML page:      https://secwatch.observer/filing/0001968915-23-000033

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