---
schema_version: "secwatch.filing_event.v1"
accession: "0001968915-24-000035"
form_type: "8-K"
ticker: "PHIN"
cik: "0001968915"
company_name: "PHINIA INC."
filed_at: "2024-10-31T23:59:59+00:00"
generated_at: "2026-05-30T07:42:00.837241+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# PHINIA Q3 net sales down 6.4%; adjusted EBITDA margin up 90 bps; lowers FY2024 sales guidance

## Summary
- Q3 net sales $839M (-6.4% YoY); adjusted sales ex-contract mfg $838M (-3.7% YoY). Net income $31M vs $1M loss in Q3 2023.
- Adj. EBITDA $120M (14.3% margin, +90bps YoY); adj. EPS $1.17. Operating income $66M (7.9% margin, +280bps YoY).
- FY2024 guidance lowered: net sales $3.36-3.41B; adj. EBITDA $470-490M (14.1-14.5% margin); adj. FCF $160-200M.
- Board increased share repurchase authorization by $250M to $400M; $75M repurchased in Q3, $188M remaining.
- Issued $450M of 6.625% senior notes due 2032; proceeds used to repay Term Loan A facility.

## SEC filing metadata
- accession: 0001968915-24-000035
- form_type: 8-K
- ticker: PHIN
- cik: 0001968915
- company_name: PHINIA INC.
- filed_at: 2024-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1968915/000196891524000035/0001968915-24-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1968915/000196891524000035/phin-20241031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001968915-24-000035
- JSON: https://secwatch.observer/filing/0001968915-24-000035.json
- Plain text: https://secwatch.observer/filing/0001968915-24-000035.txt

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