NYSE$PHIN

Phinia Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Reported a decrease in net sales and operating income, but an increase in net cash generated by operating activities.

Phinia reported Q4 2024 results with net sales of $833 million, a decrease of 5.6% compared to Q4 2023. Operating income was $51 million, a decrease of $30 million year-over-year. Net earnings were $5 million, a decrease of $28 million year-over-year. Adjusted free cash flow was $72 million, compared to $55 million in Q4 2023.

  • Net sales decreased by 5.6% to $833 million compared to Q4 2023.
  • Operating income decreased by $30 million year-over-year to $51 million.
  • Net earnings decreased by $28 million year-over-year to $5 million.
  • Adjusted free cash flow increased by 31% to $72 million compared to Q4 2023.

Headline financials

Total Revenue

$833M

Previous: $882M-5.6%
EPS (adj)

$0.71

Previous: $0.71+0.0%
Capital Expenditures

-$20M

Previous: -$33M+39.4%
Free Cash Flow

$72M

No prior period
Net Income

$5M

Previous: $33M-84.8%
Operating Income

$51M

Previous: $81M-37.0%
Gross Profit

$189M

Previous: $179M+5.6%

Revenue & EPS history

Phinia · Revenue · Quarterly

$833M

Q4 2024-5.6%vs Q4 2023
Beat estimate in 5 of 11 quarters(45%)
ActualEstimate

Revenue by segment

Phinia · $896M total across 2 segments · Q3 2023

  • Fuel Systems
    $561M+5.1%
  • Aftermarket
    $335M+3.1%

Forward guidance

The Company expects 2025 net sales of $3.23 billion to $3.43 billion. The Company’s net earnings and adjusted EBITDA are projected to be $140 million to $170 million and $450 million to $490 million, respectively, with net earnings margin of 4.3% to 5.0% and adjusted EBITDA margin of 13.7% to 14.5%. The Company expects to generate $160 million to $200 million in adjusted free cash flow. Adjusted tax rate is expected to be in the range of 38% to 42%.

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 Q4 2024

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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