Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
PHINIA Inc. (PHIN)
NYSE:PHIN
Holding PHIN?
Track your performance easily
Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.87Last Year’s EPS
0.71Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 06, 2023
|% Change Since: 16.05%
|Next Earnings Date:Aug 07, 2023
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view of the company's performance, with solid achievements in the Aftermarket segment and financial management contrasted by challenges in the Fuel Systems segment and a downward revision in guidance due to market conditions.Company Guidance
During the PHINIA Q3 2024 earnings call, significant guidance was shared concerning financial performance and future expectations. The company reported net sales of $839 million, a 6.4% decrease from the previous year, with a 3.7% reduction when excluding contract manufacturing agreements. The Aftermarket segment, contributing 42% of sales, showed resilience with a year-over-year sales increase of 6%, while the Fuel Systems segment experienced a decline of 13.7%. Adjusted EBITDA reached $120 million, marking a 90 basis point increase. Adjusted free cash flow remained robust at $60 million, and cash and cash equivalents rose to $477 million, contributing to a total liquidity of approximately $1 billion. The issuance of $450 million in senior unsecured notes helped bolster the balance sheet by replacing higher-cost debt. The company revised its 2024 guidance, anticipating adjusted sales between $3.34 billion and $3.39 billion, with adjusted EBITDA projected at $470 million to $490 million, reflecting a more cautious market outlook for the fourth quarter. Adjusted operating income margins expanded by 100 basis points to 10.4%, driven by positive pricing and cost controls, particularly in the Aftermarket segment, which saw a 210 basis point margin increase to 15.8%. PHINIA also returned $85 million to shareholders via share buybacks and dividends, with $188 million remaining on the repurchase program.Strong Aftermarket Segment Performance
The Aftermarket segment sales increased by 6% year-over-year, reflecting higher pricing and volume benefits, particularly in Europe.
Healthy Balance Sheet and Liquidity
Cash and cash equivalents increased to $477 million, with total liquidity reaching approximately $1 billion, supported by disciplined working capital management.
Significant Shareholder Returns
Returned $85 million to shareholders via share buybacks and dividends, with $188 million remaining open on a $400 million share repurchase program.
Successful Debt Refinancing
Issued $450 million in senior unsecured notes due in 2032, replacing high-cost debt and improving the maturity profile with favorable interest rates.
Positive Adjusted EBITDA Growth
Reported adjusted EBITDA of $120 million, a year-over-year increase of $3 million and a margin expansion of 90 basis points.
First Sustainability Report Published
Released the 2023 sustainability report, highlighting the company's commitment to corporate responsibility and sustainable growth.
---
PHIN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
PHIN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $44.30 | $46.37 | +4.67% |
| Jul 30, 2024 | $42.37 | $41.45 | -2.17% |
| Apr 25, 2024 | $38.13 | $37.73 | -1.05% |
| Feb 21, 2024 | $30.75 | $33.28 | +8.23% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does PHINIA Inc. (PHIN) report earnings?
PHINIA Inc. (PHIN) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is PHINIA Inc. (PHIN) earnings time?
PHINIA Inc. (PHIN) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PHIN EPS forecast?
PHIN EPS forecast for the fiscal quarter 2024 (Q4) is 0.87.
---