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.
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%.
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