In This Article:
PHINIA (NYSE:PHIN) Full Year 2024 Results
Key Financial Results
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Revenue: US$3.40b (down 2.8% from FY 2023).
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Net income: US$79.0m (down 23% from FY 2023).
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Profit margin: 2.3% (down from 2.9% in FY 2023). The decrease in margin was driven by lower revenue.
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EPS: US$1.76 (down from US$2.18 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
PHINIA EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 29%.
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 8.1% growth forecast for the Auto Components industry in the US.
Performance of the American Auto Components industry.
The company's shares are down 2.3% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We have a graphic representation of PHINIA's balance sheet and an in-depth analysis of the company's financial position.
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