secwatch.observer — SEC 8-K summary
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Issuer:     PHINIA INC. (PHIN)
CIK:        0001968915
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0001968915-24-000021
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1968915/000196891524000021/0001968915-24-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1968915/000196891524000021/phin-20240730.htm
  HTML page:      https://secwatch.observer/filing/0001968915-24-000021

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