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PHINIA Inc. - $PHIN STOCK NEWS

Welcome to our dedicated page for PHINIA news (Ticker: $PHIN), a resource for investors and traders seeking the latest updates and insights on PHINIA stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect PHINIA's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of PHINIA's position in the market.

Rhea-AI Summary
PHINIA Inc. (NYSE: PHIN) reported strong first-quarter results for 2024, with U.S. GAAP net sales of $863 million, a 3.4% increase from Q1 2023. Operating income was $71 million, adjusted operating income was $97 million, and adjusted EBITDA was $131 million. The company reaffirmed its 2024 outlook with expectations of net sales between $3.42 billion to $3.58 billion, adjusted EBITDA of $470 million to $510 million, and adjusted free cash flow of $160 million to $200 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.06%
Tags
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News
Rhea-AI Summary
PHINIA Inc. (NYSE: PHIN) will release its first quarter 2024 results on April 25, 2024, and host a webcast to discuss the earnings. Investors can access the materials on the company's website and participate in the webcast to gain insights into PHINIA's performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.48%
Tags
conferences earnings
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Rhea-AI Summary
PHINIA Inc. (PHIN) announces the pricing of $525 million aggregate principal amount of its 6.75% senior secured notes due 2029 in a private offering. The Offering size was increased from $425 million, with the notes being sold at 100.00% plus accrued interest. The closing is expected on or before April 4, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.58%
Tags
Rhea-AI Summary
PHINIA Inc. announces a private offering of $425 million senior secured notes due 2029 to repay existing borrowings and cover expenses.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.56%
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Rhea-AI Summary
PHINIA Inc. (NYSE: PHIN) reported Q4 and full year 2023 results with net sales of $882 million in Q4, a 3.6% increase YoY. Operating income was $81 million in Q4, with net earnings of $0.70 per diluted share. Full year net sales were $3,500 million, a 4.5% increase YoY. Operating income was $241 million, with net earnings of $2.17 per diluted share. PHINIA expects net sales of $3.42 billion to $3.57 billion in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.23%
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Rhea-AI Summary
PHINIA Inc. declares a quarterly cash dividend of $0.25 per common share, payable on March 15, 2024, to shareholders of record at the close of business on February 26, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.68%
Tags
dividends
News
Rhea-AI Summary
PHINIA Inc. (NYSE: PHIN) will report fourth quarter 2023 results and provide its full year 2024 outlook on February 21, 2024. The company is a leader in premium fuel systems, electrical systems, and aftermarket parts. PHINIA's earnings press release, earnings presentation, and other materials will be available on the 'Investors' section of PHINIA's website. A webcast to review fourth quarter 2023 results and full year 2023 outlook will be hosted at 8:30 AM Eastern Time on February 21, 2024, with a replay available after the presentation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.44%
Tags
conferences earnings
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Rhea-AI Summary
PHINIA Inc. (NYSE: PHIN) Declares Quarterly Cash Dividend of $0.25 per Share
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.19%
Tags
dividends
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Rhea-AI Summary
PHINIA Inc. reported its Q3 2023 results, with net sales of $896 million, a 4.3% increase compared to Q3 2022. Operating income was $58 million, resulting in an operating margin of 6.5%. The company also announced new business wins in strategic growth markets. However, adjusted operating margin and adjusted EBITDA margin decreased year-over-year. The company revised its FY 2023 outlook due to lower commercial vehicle sales in China and strikes in North America.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.83%
Tags
News
Rhea-AI Summary
PHINIA Inc. to report Q3 2023 results on November 6
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.64%
Tags
conferences earnings
PHINIA Inc.

NYSE:PHIN

PHIN Rankings

PHIN Stock Data

1.94B
42.74M
1.66%
94.87%
2.46%
Motor Vehicle Gasoline Engine and Engine Parts Manufacturing
Manufacturing
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United States of America
AUBURN HILLS