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Stock impact report

PHINIA Reports Fourth Quarter and Full Year 2024 Results

PHINIA Inc. (PHIN) 
Company Research Source: Business Wire
PHINIA Board Declares Quarterly Dividend of $0.27 Per Common Share and Authorizes $200 Million Increase to Share Repurchase Program 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 fourth quarter and full year ended December 31, 2024.Fourth Quarter Highlights:Net sales of $833 million, a decrease of 5.6% compared with Q4 2023.Lower Fuel Systems (FS) sales across all regions partially offset by strong Aftermarket sales across all regions led to a slight year-over-year decrease of 2.9%, when adjusted for contract manufacturing agreements in 2023.Operating income of $51 million and operating margin of 6.1%, rep Read more
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