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

PHINIA Q3 net sales fall 6.4% to $839 million; net earnings rise to $31 million

Mixed Impact 4 of 5 earnings Written later

PHINIA reported third-quarter 2024 results with net sales down 6.4% from a year earlier, to $839 million, as Fuel Systems sales fell in Europe and China. Net earnings were $31 million, or $0.70 per diluted share, compared with a loss of $1 million a year earlier, and the company revised its full-year 2024 guidance citing softer end vehicle markets.

Key points

  • Q3 net sales $839 million, down 6.4% from $896 million; adjusted sales $838 million, down 3.7%
  • Net earnings $31 million ($0.70 per diluted share) vs. a loss of $1 million ($0.02 per share) in Q3 2023; adjusted EPS $1.17 vs. $0.69
  • Full-year 2024 guidance now calls for net sales of $3.36 billion to $3.41 billion and adjusted EBITDA of $470 million to $490 million
  • Board raised share repurchase authorization by $250 million to $400 million; $450 million of 6.625% senior notes due 2032 issued

The filing

CompanyPHINIA (PHIN)
Form8-K, current report
Filed with the SECOct 31, 2024, 7:31 AM ET
Accession number0001968915-24-000035

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 October 31, 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.