Phinia Aktie News

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AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA Inc. (“PHINIA” or the “Company”) (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket products, today announced that its Board of Directors has declared a quarterly cash dividend in the amount of $0.25 per common share, payable on June 14, 2024, to shareholders of record at the close of business on May 24, 2024. About P...

PHINIA Inc. (NYSE:PHIN ) Q1 2024 Earnings Conference Call April 25, 2024 8:30 AM ET Company Participants Gordon Muir - Vice President and Treasurer Brady Ericson - Chief Executive Officer Chris Gropp - Chief Financial Officer Conference Call Participants Jake Scholl - BNP Paribas Exane Operator Thank you for standing by, and welcome to the Phinia Q1 2024 Earnings Call. All lines have been place...

AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, today reported results for the first quarter ended March 31, 2024. First Quarter Highlights: U.S. GAAP net sales of $863 million, an increase of 3.4% compared with Q1 2023. Excluding $17 million of contract manufacturing sales, sales were up slightly c...

AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems and aftermarket parts, will report first quarter 2024 results on Thursday, April 25, 2024. PHINIA's earnings press release, earnings presentation and other materials will be available on the “Investors” section of PHINIA's website, PHINIA - Investor Relations. PHINIA will host a ...

AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA Inc. (“PHINIA” or the “Company”) (NYSE: PHIN) announced today that it has priced its previously announced offering (the “Offering”) and has agreed to issue and sell $525 million aggregate principal amount of its 6.75% senior secured notes due 2029 (the “notes”) in a private offering that is exempt from the registration requirements of the Securities ...

AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA Inc. (“PHINIA” or the “Company”) (NYSE: PHIN) announced today that it is planning, subject to market and other customary conditions, to offer (the “Offering”) $425 million aggregate principal amount of its senior secured notes due 2029 (the “notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933,...

Phinia has shown consistent revenue growth over the past three years, with a slight contraction in margins in 2023 due to inflation and decreased CV volume in China. Strong business wins in 2023, including supplying fuel systems to leading OEMs, are expected to support long-term revenue growth. PHIN's strategic shift to focus on the CV and AFM segments, reducing exposure to the LV segment, is e...