secwatch.observer — SEC 8-K summary
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Issuer:     PHINIA INC. (PHIN)
CIK:        0001968915
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001968915-24-000003
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1968915/000196891524000003/0001968915-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1968915/000196891524000003/phin-20240221.htm
  HTML page:      https://secwatch.observer/filing/0001968915-24-000003

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