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Jun 30, 2023
Phinia Q2 2023 Earnings Report
Phinia reported strong second quarter results and reaffirmed full year guidance.
Key Takeaways
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.
Revenue by Segment
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%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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