Phinia: Fourth Quarter Financial Highlights

Phinia Inc. Announces Fourth Quarter Financial Results

Phinia Inc., headquartered in Auburn Hills, Michigan, revealed a net profit of $45 million for its fourth quarter, according to a report released on Thursday.

The company reported earnings of $1.15 per share, with adjusted earnings—excluding certain one-time items—coming in at $1.18 per share.

During the quarter, Phinia, a manufacturer specializing in gas and diesel fuel systems, generated $889 million in revenue.

For the entire fiscal year, the company achieved a total profit of $130 million, translating to $3.24 per share, while annual revenue reached $3.48 billion.

Looking ahead, Phinia anticipates its revenue for the upcoming year will fall between $3.52 billion and $3.72 billion.