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.
PHINIA Inc. (NYSE: PHIN) is a global leader in the development, design, and manufacture of integrated components and systems that enhance performance, improve efficiency, and reduce emissions in combustion and hybrid propulsion systems. The company's diverse product portfolio serves commercial vehicles, industrial applications, and light vehicles. PHINIA is a trusted supplier to major original equipment manufacturers (OEMs) worldwide, offering a broad range of original equipment service (OES) solutions and aftermarket products.
PHINIA's extensive original equipment portfolio includes advanced fuel injection systems, fuel delivery modules, canisters, starters, alternators, sensors, electronic control modules, and associated software. These products are crucial in ensuring optimal performance and reducing environmental impact. The company is committed to innovation, continuously working on projects that advance the efficiency and sustainability of vehicle and industrial systems.
Recently, PHINIA successfully spun off from BorgWarner Inc., positioning itself as a standalone, publicly traded entity. This strategic move allows both companies to focus on their core strengths and pursue their respective goals more effectively. The spin-off is part of BorgWarner's 'Charging Forward' strategy, which aims to accelerate the transition to electrification and enhance the value of its foundational portfolio.
PHINIA's commitment to excellence is evident in its partnerships with leading automotive and industrial brands, ensuring the delivery of high-quality, reliable components and systems. Financially, the company is well-positioned, with a strong foundation built on years of industry experience and innovation.
For investors and stakeholders, PHINIA represents a solid investment opportunity with a clear focus on sustainability and technological advancement. As the automotive and industrial sectors continue to evolve, PHINIA is poised to play a significant role in shaping the future of propulsion systems.
PHINIA (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket parts, has been added to the US small-cap Russell 2000 Index. This inclusion comes as part of the annual reconstitution of the Russell Indexes, which aims to reflect the current state of the US equity market and its segments. The addition will take effect from the market open on July 1. The Russell 2000 Index, managed by FTSE Russell, is a key benchmark used by investment managers and institutional investors, with approximately $10.5 trillion in assets benchmarked against Russell US indexes as of December 2023. The reconstitution process ensures that these benchmarks accurately represent market segments and remain unbiased in size and style.
PHINIA (NYSE: PHIN), a leader in premium fuel and electrical systems, has announced the election of Meggan M. Walsh to its Board of Directors, effective July 1, 2024. Ms. Walsh, 60, brings 35 years of investor leadership experience, most recently serving as a Senior Portfolio Manager at Invesco Her tenure at Invesco saw significant asset growth and revenue increases due to her strategic investments and capital allocation skills. Ms. Walsh's expertise includes financial modeling, merger and acquisition analysis, and assessing corporate actions. Rohan Weerasinghe, PHINIA’s Board Chair, highlighted her deep understanding of investor expectations and risk management.
PHINIA (NYSE: PHIN), a prominent player in premium fuel systems, electrical systems, and aftermarket parts, is set to release its Q2 2024 earnings report on Tuesday, July 30, 2024.
The earnings press release, presentation, and additional materials will be accessible on the company's Investor Relations website. PHINIA will also host a webcast for investors to review the results and participate in a Q&A session at 8:30 AM ET on the same day. The webcast can be accessed through the 'Events & Presentations' section of PHINIA's website, with a replay available after the event.
Detailed teleconferencing information and access credentials for the webcast and replay have been provided for participants from various countries, including the USA, Canada, France, Germany, Hong Kong, India, Japan, New Zealand, Singapore, and the United Kingdom.
PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket products, declared a quarterly cash dividend of $0.25 per common share. The dividend is payable on June 14, 2024, to shareholders of record as of May 24, 2024.
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