UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 001-41708 PHINIA INC. (Exact name of registrant as specified in its charter) Delaware 92-2483604 (State or other jurisdiction of inc ...

Exhibit 99.1 PHINIA REPORTS STRONG FIRST QUARTER 2024 RESULTS AND REAFFIRMS 2024 OUTLOOK Auburn Hills, Michigan, April 25, 2024 – PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, today reported results for the first quarter ended March 31, 2024. First Quarter Highlights: Key Wins in Strategic Growth Markets: New business wins remained strong across all end markets. A few examples of new business awards in Q1 are: Brady Ericson, President, and Chief E ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41708 PHINIA Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of Incorporation or organizatio ...

PHINIA Inc. (NYSE:PHIN) Q4 2023 Earnings Conference Call February 21, 2024 8:30 AM ET Company Participants Michael Heifler - VP, IR Brady Ericson - CEO Chris Gropp - CFO Conference Call Participants Jake Scholl - BNP Paribas Exane John Murphy - Bank of America Colin Langan - Wells Fargo Winnie Dong - Deutsche bank Trevor Young - Barclays Joseph Spak - UBS Operator Good morning. My name is Brianna and I will be your conference operator today. At this time, I'd like to welcome everyone to the PHINIA Q4 2023 E ...

Expect >$200M Adjusted Free Cash Flow(1) per Year Average Through End of Decade | --- | --- | --- | --- | --- | --- | |-------|------------------------------------------|-------|-------|-------|-------------------------------------------| | | | | | | | | | Investment for Growth | | | | Competitive Capital Return (2) | | | • Disciplined, ROIC-focused reinvestment | | • | | Expect to maintain competitive dividend | | | • Growth areas: | | | | of ~$1.00/year | | | o Alternative fuel technologies | | • | | Oppo ...

Financial Performance - Q4 2023 U.S. GAAP net sales of $882 million, a 3.6% increase compared to Q4 2022[4] - Full year 2023 U.S. GAAP net sales of $3,500 million, a 4.5% increase compared to 2022[4] - Adjusted sales for Fuel Systems increased to $2,127 million in 2023 from $2,072 million in 2022[30] - Aftermarket adjusted sales rose to $1,323 million in 2023 from $1,276 million in 2022[30] - Full-year 2024 adjusted sales guidance is projected to be between $3,400 million and $3,550 million, with net sales expected to range from $3,415 million to $3,570 million[38] Operating Income and Margins - Q4 2023 operating income of $81 million with an operating margin of 9.2%, a year-over-year decrease of 100 basis points[4] - Full year 2023 operating income of $241 million with an operating margin of 6.9%, a year-over-year decrease of 260 basis points[4] - Adjusted operating income for Fuel Systems was $215 million in 2023, down from $252 million in 2022[32] - Adjusted operating margin for Aftermarket was 14.8% in 2023, down from 15.0% in 2022[32] EBITDA and Margins - Q4 2023 adjusted EBITDA of $127 million with an adjusted EBITDA margin of 14.8%, a year-over-year decrease of 20 basis points[4] - Full year 2023 adjusted EBITDA of $490 million with an adjusted EBITDA margin of 14.2%, a year-over-year decrease of 90 basis points[7] - Adjusted EBITDA margin was 14.2% in 2023, slightly down from 15.1% in 2022[34] - 2024 full year guidance expects adjusted EBITDA of $470 million to $510 million, with adjusted EBITDA margins of 13.8% to 14.4%[7] Net Earnings and Earnings Per Share - Net earnings for Q4 2023 were $33 million, compared to $75 million in Q4 2022, while full-year net earnings for 2023 were $102 million, down from $262 million in 2022[35] - Adjusted net earnings for Q4 2023 were $81 million, up from $33 million in Q4 2022, and full-year adjusted net earnings for 2023 were $194 million, compared to $306 million in 2022[35] - Net earnings per diluted share for Q4 2023 were $0.70, down from $1.60 in Q4 2022, while full-year net earnings per diluted share for 2023 were $2.17, compared to $5.57 in 2022[36] - Adjusted net earnings per diluted share for Q4 2023 were $1.75, up from $0.71 in Q4 2022, and full-year adjusted net earnings per diluted share for 2023 were $4.13, compared to $6.51 in 2022[36] Cash Flow and Liquidity - Q4 2023 net cash provided by operating activities of $62 million, with adjusted free cash flow of $55 million[4] - Net cash provided by operating activities for Q4 2023 was $62 million, down from $181 million in Q4 2022, while full-year net cash provided by operating activities for 2023 was $250 million, compared to $303 million in 2022[37] - Adjusted free cash flow for Q4 2023 was $55 million, down from $164 million in Q4 2022, and full-year adjusted free cash flow for 2023 was $161 million, compared to $227 million in 2022[37] - 2024 full year guidance expects adjusted free cash flow of $160 to $200 million[7] - Cash and cash equivalents increased to $365 million in 2023 from $251 million in 2022[17] - Net debt decreased significantly to $433 million in 2023 from $1,019 million in 2022[19] Capital Expenditures and Assets - Capital expenditures increased to $150 million in 2023 from $107 million in 2022[18] - Total assets remained stable at $4,041 million in 2023 compared to $4,074 million in 2022[17] 2024 Guidance - 2024 full year guidance expects net sales of $3.42 billion to $3.57 billion, adjusted sales of $3.40 billion to $3.55 billion (down 1% to up 3% versus 2023 adjusted sales)[7] - 2024 full year guidance expects adjusted EBITDA of $470 million to $510 million, with adjusted EBITDA margins of 13.8% to 14.4%[7] - 2024 full year guidance expects adjusted free cash flow of $160 to $200 million[7]

2 You should not place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. Forward-looking statements are not guarantees of performance and are subject to risks and uncertainties, many of which are difficult to predict and generally beyond our control, that could cause actual results to differ materially from those expressed, projected or implied in or by the forward-looking statements. These risks and uncertainties include: the ability of PHINIA to succ ...

PHINIA, Inc. (NYSE:PHIN) Q3 2023 Earnings Conference Call November 6, 2023 8:00 AM ET Company Participants Michael Heifler - VP, IR Brady Ericson - CEO Chris Gropp - CFO Conference Call Participants Jake Scholl - BNP Paribas Exane Joseph Spak - UBS Operator Thank you for standing by, and welcome to the PHINIA Q3 Earnings Call 2023. I would now like to welcome Michael Heifler, Vice President of Investor Relations to begin the call. Michael, over to you. Michael Heifler Thank you, Mandeep, and good morning, e ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 001-41708 PHINIA INC. (Exact name of registrant as specified in its charter) FORM 10-Q (Mark One) ☑ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2023 Indicate by check mark whether the registrant has s ...

Q2 2023 EARNINGS 2 You should not place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. Forward-looking statements are not guarantees of performance and are subject to risks and uncertainties, many of which are difficult to predict and generally beyond our control, that could cause actual results to differ materially from those expressed, projected or implied in or by the forward-looking statements. These risks and uncertainties include: the ability ...