---
schema_version: "secwatch.filing_event.v1"
accession: "0001968915-24-000003"
form_type: "8-K"
ticker: "PHIN"
cik: "0001968915"
company_name: "PHINIA INC."
filed_at: "2024-02-21T23:59:59+00:00"
generated_at: "2026-06-05T22:25:38.937169+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PHINIA reports Q4 2023 net sales $882M (+3.6% YoY), diluted EPS $0.70; introduces 2024 guidance

## Summary
- Q4 GAAP net sales $882M (+3.6% YoY); adjusted operating income $89M (10.4% margin).
- Full year 2023 net sales $3.5B (+4.5%); GAAP diluted EPS $2.17; adjusted diluted EPS $4.13.
- 2024 full year guidance: net sales $3.42B–$3.57B; adjusted EBITDA $470M–$510M.
- Q4 adjusted free cash flow $55M; repurchased $15M of shares in Q4, $24M full year.
- Ended Q4 with $365M cash; net leverage below 1x EBITDA.

## SEC filing metadata
- accession: 0001968915-24-000003
- form_type: 8-K
- ticker: PHIN
- cik: 0001968915
- company_name: PHINIA INC.
- filed_at: 2024-02-21T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1968915/000196891524000003/0001968915-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1968915/000196891524000003/phin-20240221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001968915-24-000003
- JSON: https://secwatch.observer/filing/0001968915-24-000003.json
- Plain text: https://secwatch.observer/filing/0001968915-24-000003.txt

## Key facts
- Earnings Releases
  PHINIA INC. reported full year ended December 31, 2023 results: revenue U.S. GAAP net sales of $3,500 million, net income Net earnings of $102 million, EPS U.S. GAAP net earnings of $2.17 per diluted share. Guidance initiated.
  - Period: full year ended December 31, 2023
  - Revenue: U.S. GAAP net sales of $3,500 million
  - Net income: Net earnings of $102 million
  - EPS: U.S. GAAP net earnings of $2.17 per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: Full Year 2023 Highlights: • U.S. GAAP net sales of $3,500 million, an increase of 4.5% compared with 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1968915/000196891524000003/0001968915-24-000003-index.htm
- Earnings Releases
  PHINIA INC. reported fourth quarter ended December 31, 2023 results: revenue U.S. GAAP net sales of $882 million, net income Net earnings of $33 million, EPS U.S. GAAP net earnings of $0.70 per diluted share. Guidance initiated.
  - Period: fourth quarter ended December 31, 2023
  - Revenue: U.S. GAAP net sales of $882 million
  - Net income: Net earnings of $33 million
  - EPS: U.S. GAAP net earnings of $0.70 per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket products, today reported its fourth quarter and full year ended December 31, 2023 results. Fourth Quarter Highlights: • U.S. GAAP net sales of $882 million, an increase of 3.6% compared with Q4 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1968915/000196891524000003/0001968915-24-000003-index.htm
- Earnings Releases
  PHINIA INC. updated its the year ended December 31, 2023 guidance (initiated).
  - Period: the year ended December 31, 2023
  - Guidance: initiated
  - Result: reported results
  source text: On February 21, 2024 , PHINIA Inc. (the “Company”) issued a press release announcing its financial results for the year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1968915/000196891524000003/0001968915-24-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.