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AI brief of an SEC Form 8-K · PHINIA (PHIN)

PHINIA Q1 net sales rise 3.4% to $863 million; EPS falls to $0.62; outlook kept

Mixed Impact 3 of 5 earnings Written later

PHINIA reported first-quarter 2024 net sales of $863 million, up 3.4% from a year earlier, but net earnings fell to $29 million, or $0.62 per diluted share, from $35 million, or $0.75, in the prior-year quarter. Adjusted EPS was $1.08 compared with $1.19, and the company reaffirmed its full-year 2024 outlook, which includes net earnings of $125 million to $160 million.

Key points

  • Net sales of $863 million, up 3.4% from $835 million in Q1 2023; excluding $17 million of contract manufacturing sales, sales were up slightly.
  • GAAP diluted EPS of $0.62 versus $0.75; adjusted EPS of $1.08 versus $1.19.
  • Full-year 2024 guidance reaffirmed: net earnings of $125 million to $160 million and adjusted EBITDA of $470 million to $510 million.
  • In early April, the company issued $525 million of senior secured notes to repay its Term Loan B and revolving credit balance.

The filing

CompanyPHINIA (PHIN)
Form8-K, current report
Filed with the SECApr 25, 2024, 7:35 AM ET
Accession number0001968915-24-000012

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 25, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.