NYSE$PHIN
Phinia Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Phinia reported strong second quarter results and reaffirmed full year guidance.
Phinia reported an 11.4% year-over-year sales growth to $887 million in Q2 2023. The company's operating income was $56 million, and net earnings reached $35 million.
- Sales growth of 11.4% year-over-year to $887 million.
- Operating income of $56 million and adjusted operating income of $94 million, resulting in an operating margin of 6.3%.
- Net earnings of $35 million with net margin of 3.9% and adjusted EBITDA of $130 million with adjusted EBITDA margin of 14.7%.
- Affirmed 2023 full year guidance with expected sales of $3.50 billion to $3.60 billion and adjusted EBITDA of $485 million to $505 million.
Headline financials
Revenue & EPS history
Phinia · Revenue · Quarterly
$887M
Revenue by segment
Phinia · $887M total across 2 segments · Q2 2023
- Fuel Systems$551M+16.5%62.1%
- Aftermarket$336M+4.0%37.9%
Forward guidance
The Company is affirming it’s 2023 full year guidance, with expected sales of $3.50 billion to $3.60 billion and adjusted sales of $3.45 billion to $3.55 billion, full year adjusted EBITDA of $485 million to $505 million, and adjusted EBITDA margins of 13.8% - 14.3%.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 15 quarterly earnings reports
+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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