NYSE$PHIN
Phinia Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported strong first quarter results and reaffirmed 2024 outlook.
PHINIA reported a 3.4% increase in net sales to $863 million, with operating income at $71 million and adjusted operating income at $97 million. Adjusted net earnings per diluted share were $1.08. The company reaffirmed its full year 2024 outlook.
- Net sales increased by 3.4% to $863 million compared to Q1 2023.
- Operating income reached $71 million, and adjusted operating income was $97 million, including benefits from a supplier settlement and inflationary pass-through.
- Adjusted net earnings were $1.08 per diluted share.
- The company reaffirms its FY 2024 outlook for net sales of $3.42 billion to $3.58 billion.
Headline financials
Revenue & EPS history
Phinia · Revenue · Quarterly
$863M
Revenue by segment
Phinia · $896M total across 2 segments · Q3 2023
- Fuel Systems$561M+5.1%62.6%
- Aftermarket$335M+3.1%37.4%
Forward guidance
The Company reaffirms its FY 2024 outlook for net sales of $3.42 billion to $3.58 billion, adjusted sales of $3.40 billion to $3.55 billion, net earnings and margin of $125 million to $160 million and 3.7% to 4.5%, respectively, adjusted EBITDA of $470 million to $510 million, and adjusted EBITDA margin of 13.8% to 14.4%. PHINIA expects to generate $160 million to $200 million in adjusted free cash flow. Adjusted tax rate is expected to be in the range of 28% to 32%.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 15 quarterly earnings reports · overlaid with Q1 2024
+0.0%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+5.0%
Avg return
30 days after
50%
9 / 18 earnings
Positive
+10.6%
Q4 2023
Best reaction
-7.3%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.1% | +5.5% | +6.6% | |
| Q4 2025 | -4.2% | -2.9% | -18.9% | |
| Q3 2025 | -2.2% | -5.5% | -1.3% | |
| Q2 2025 | -0.3% | -0.8% | +3.8% | |
| Q1 2025 | -7.3% | -8.8% | -2.7% | |
| Q4 2024 | +0.4% | +8.3% | -12.5% | |
| Q3 2024 | +3.1% | +4.9% | +26.0% | |
| Q2 2024 | +4.5% | -0.9% | +11.9% | |
| Q1 2024 | +0.3% | +0.7% | +17.1% | |
| Q1 2023 | +0.3% | +0.7% | +17.1% | |
| Q4 2021 | +0.2% | +2.1% | +12.5% | |
| Q1 2022 | +0.2% | +2.1% | +12.5% | |
| Q4 2023 | +10.6% | +10.5% | +20.2% | |
| Q3 2022 | -3.0% | -9.1% | -1.5% | |
| Q3 2023 | -3.0% | -9.1% | -1.5% | |
| Q2 2022 | -0.3% | +4.0% | -0.0% | |
| Q2 2023 | -0.3% | +4.0% | -0.0% | |
| Q4 2022 | -0.3% | +4.0% | -0.0% |
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