PHINIA Q2 sales $868M (-2.1% YoY), net earnings $14M, EPS $0.31; adjusted EPS $0.88

PHINIA INC.

2024-Q2 EPS reported $0.93 revenue$1,731,000,000

Net sales $868M, down 2.1% YoY; operating income $71M (+$15M YoY), operating margin 8.2%.
Net earnings $14M, $0.31 diluted EPS; adjusted EPS $0.88 (excl. $0.57 non-comparable items).
Adjusted EBITDA $117M, margin 13.6%; generated $108M adjusted free cash flow in Q2.
Repurchased $90M shares in Q2; $13M remaining on $150M repurchase program.
FY2024 guidance: net sales expected at low end of $3.42B-$3.58B; adjusted EBITDA $470M-$510M.

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