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 manufacturing company focused on premium fuel systems, electrical systems, and aftermarket solutions for combustion and hybrid propulsion. News about PHINIA often centers on its activities in the commercial vehicle, industrial, and light vehicle markets, as well as its work on alternative fuel technologies and emissions-related initiatives.
Investors and industry observers following PHINIA news can expect coverage of quarterly earnings results, guidance updates, and conference presentations where the company discusses industry dynamics and its business. Recent announcements have included earnings reports, participation in global industrial and automotive conferences, and board decisions such as quarterly dividend declarations.
PHINIA also issues news related to technology and product developments. Examples include its debut at major trade fairs for agricultural machinery, highlighting expanded capabilities in natural gas, hydrogen, and other alternative fuel ignition systems following the acquisition of Swedish Electromagnet Invest AB (SEM). The company has also announced publications like its Global Emission Standards Booklet for light-duty vehicles, which it positions as guidance on evolving fuel and emissions regulations in key markets.
Because PHINIA serves commercial vehicles, industrial applications, and light vehicles, its news flow can touch on themes such as off-highway equipment, agricultural machinery, emissions standards, and alternative fuels. For readers tracking PHINIA stock, this news page brings together company press releases and related updates in one place, offering a view into its operational performance, strategic moves, and regulatory and technology-related communications over time.
PHINIA Inc. (NYSE: PHIN), a global market leader in premium solutions and components, will participate in Morgan Stanley's 12th Annual Laguna Conference on September 12, 2024. The event, held in Dana Point, CA, will feature a presentation and Q&A session at 2:00 PM Pacific Time.
PHINIA's President and CEO Brady Ericson and CFO Chris Gropp will engage in a fireside chat with Morgan Stanley's auto analysts, Adam Jonas and William Tackett. The presentation will be accessible via webcast on PHINIA's Investor Relations website.
With over 100 years of manufacturing expertise, PHINIA boasts a strong brand portfolio including DELPHI®, DELCO REMY®, and HARTRIDGETM. Investors and interested parties can access the audio webcast through the provided link.
PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, has released its inaugural 2023 Sustainability Report. The report highlights PHINIA's contributions to powering a cleaner tomorrow and sets a benchmark for future progress across environmental, social, and governance initiatives.
Key highlights include:
- 78% of R&D spend invested in fuel efficiency and alternative fuel technologies
- 4.8% annual energy consumption reduction across all sites
- 9.9% annual reduction in carbon emissions
- Implementation of a Design for Environment process
- Launch of diversity initiatives, including Women in Science and Engineering (WiSE)
- Establishment of an Equity, Diversity, and Inclusion (EDI) Council
The report emphasizes PHINIA's commitment to sustainability, responsible business practices, and long-term value creation for stakeholders.
PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket products, has announced two significant decisions by its Board of Directors. Firstly, a quarterly cash dividend of $0.25 per common share has been declared, payable on September 13, 2024, to shareholders of record as of August 23, 2024. Secondly, the Board has authorized a $250 million increase to its share repurchase program, bringing the total available for repurchases to approximately $263 million.
The expanded share repurchase program allows PHINIA to buy back its common shares through various methods, including open market transactions and privately negotiated deals. The program has no expiration date and can be adjusted as needed, providing flexibility in the company's capital allocation strategy.
PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket parts, is set to present at J.P. Morgan's Auto Conference on August 7, 2024, at 11:05 AM EDT in New York City. The company's President and CEO Brady Ericson and CFO Chris Gropp will participate in a fireside chat with J.P. Morgan's Auto analyst, Ryan Brinkman.
The event will be webcast and accessible on PHINIA's Investor Relations website. Presentation materials will be available in the 'Investors' section of PHINIA's website. Interested parties can access the audio webcast through the provided link, offering an opportunity for investors and analysts to gain insights into PHINIA's operations and future outlook.
PHINIA Inc. (NYSE: PHIN) reported Q2 2024 results with net sales of $868 million, down 2.1% year-over-year. The company saw operating income of $71 million and an operating margin of 8.2%, up $15 million and 190 basis points respectively. Adjusted EBITDA was $117 million with a 13.6% margin. PHINIA generated strong free cash flow of $108 million and repurchased $90 million of outstanding shares.
The company expects FY 2024 net sales to be at the low end of $3.42-$3.58 billion, with adjusted EBITDA of $470-$510 million. PHINIA continues to project $160-$200 million in adjusted free cash flow for the year. The company revised its adjusted tax rate expectation to 33-37% and now anticipates net earnings of $100-$140 million.
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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