Phinia Reports Fourth-Quarter Earnings of $5 Million, Revenue of $833 Million
AUBURN HILLS, Mich., Feb. 16, 2023 -- Phinia Inc. (PHIN) today announced earnings of $5 million for its fourth quarter ended December 31, 2022, translating to earnings per share of $0.12. Adjusted for non-recurring items, earnings per share were $0.71.
During the quarter, the Auburn Hills, Michigan-based company generated revenue of $833 million, primarily from its gas and diesel fuel systems operations. For the full year, Phinia reported net income of $79 million, or $1.76 per share, on revenue of $3.4 billion.
Looking ahead, Phinia anticipates full-year 2023 revenue to fall between $3.23 billion and $3.43 billion.