Brief: Phinia Reports Third Quarter 2023 Results And Updates Full Year Guidance

PHINIA

06/11/2023 11:39

Nov 6 (Reuters) - Phinia Inc  PHIN.N :
    * PHINIA REPORTS SOLID THIRD QUARTER 2023 RESULTS AND
UPDATES FULL
YEAR GUIDANCE
    * PHINIA INC - QTRLY U.S. GAAP NET EARNINGS OF $0.24 PER
DILUTED
SHARE
    * PHINIA INC - QTRLY ADJUSTED NET EARNINGS OF $0.53 PER
DILUTED
SHARE
    * PHINIA INC - REVISING ITS FY 2023 OUTLOOK FOR NET SALES OF
$3.44
BILLION TO $3.50 BILLION
    * PHINIA INC - SEES FY ADJUSTED EBITDA OF $465 MILLION TO
$475
MILLION
    * PHINIA INC - EXPECT TO CONTINUE TO BE OPPORTUNISTIC IN
TERMS OF
FUTURE SHARE REPURCHASES
    * PHINIA - OUTLOOK REVISED WITH COMMERCIAL VEHICLE SALES
RUNNING
LOWER THAN EXPECTED IN CHINA WITH KEY CUSTOMERS, IMPACT FROM
STRIKES IN NORTH AMERICA

Source text for Eikon:  ID:nBw1d4gbYa 
Further company coverage:  PHIN.N 

 ((Reuters.Briefs@thomsonreuters.com;))