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PHINIA Inc. (PHIN)
NYSE:PHIN
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.02Last Year’s EPS
1.08Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: 8.40%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with strong aftermarket segment performance and significant new business wins offset by a decline in net sales and challenges in the Fuel Systems segment. The company maintained a strong balance sheet and increased shareholder returns, but faced headwinds from a high effective tax rate and decreased EBITDA margins.Company Guidance
During the Phinia Fourth Quarter 2024 earnings call, several key metrics and guidance for 2025 were discussed. The company reported net sales of $833 million for Q4, a 5.6% decrease from the same period in the previous year, while adjusted EBITDA was $110 million with a margin of 13.2%, down 160 basis points year-over-year. Adjusted free cash flow for the quarter was $72 million, contributing to a full-year adjusted free cash flow of $253 million. The balance sheet remained strong with $484 million in cash and cash equivalents, up from $365 million at the end of 2023, and total liquidity of approximately $1 billion. For 2025, Phinia expects net sales between $3.23 billion and $3.43 billion, with adjusted EBITDA projected to range from $450 million to $490 million. The company plans to continue its share repurchase program with an additional $200 million increase and has declared a quarterly dividend of $0.27 per share, reflecting an 8% increase from the previous year.Strong Aftermarket Segment Performance
Aftermarket segment sales increased by 4.9% year-over-year due to higher volume and pricing, with volumes expanding across all regions.
Significant New Business Wins
Phinia achieved new business wins across various product lines, including a second product win in aerospace and defense, a key contract extension with a medium-duty engine manufacturer, and a Light Vehicle GDi program extension.
Healthy Adjusted Free Cash Flow
The company reported an adjusted free cash flow of $72 million for the quarter and $253 million for the full year 2024.
Increased Shareholder Returns
Phinia returned $35 million to shareholders via share buybacks and dividends in the fourth quarter, and increased its share repurchase program by $200 million, with a quarterly dividend increase of 8%.
Strong Balance Sheet and Liquidity
The company ended 2024 with cash and cash equivalents of $484 million, up from $365 million in 2023, and total liquidity of approximately $1 billion.
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PHIN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PHIN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | $49.02 | $49.20 | +0.37% |
| Oct 31, 2024 | $44.30 | $46.37 | +4.67% |
| Jul 30, 2024 | $42.37 | $41.45 | -2.17% |
| Apr 25, 2024 | $38.13 | $37.73 | -1.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does PHINIA Inc. (PHIN) report earnings?
PHINIA Inc. (PHIN) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is PHINIA Inc. (PHIN) earnings time?
PHINIA Inc. (PHIN) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PHIN EPS forecast?
PHIN EPS forecast for the fiscal quarter 2025 (Q1) is 1.02.
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