PHINIA Inc. is a consumer discretionary company focused on innovative lifestyle consumer electronics, including flagship products such as the PHINwatch and PHINSound. Founded in 2012, the company leverages direct-to-consumer sales and strategic partnerships to drive revenue. Led by CEO James Tierney since 2018, it holds a competitive niche market position with around 3% market share. With plans to launch augmented reality wearables and smart home devices, PHINIA Inc. is positioned for significant future growth.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
3,483,000
3,403,000
3,500,000
3,348,000
Cost of Sales
2,721,000
2,647,000
2,776,000
2,627,000
Gross Profit
762,000
756,000
724,000
721,000
Selling, General & Administrative Expenses
445,000
442,000
413,000
407,000
Other Operating Expenses
63,000
55,000
70,000
(4,000)
Operating Profit
254,000
259,000
241,000
318,000
Interest and Investment Income
29,000
27,000
23,000
17,000
Interest Expense
(81,000)
(99,000)
(56,000)
(20,000)
Non-Operating Income
(4,000)
(2,000)
—
32,000
Total Non-Operating Income
(56,000)
(74,000)
(33,000)
29,000
Income Before Provision for Income Taxes
198,000
187,000
206,000
347,000
Provision for Income Taxes
68,000
108,000
104,000
85,000
Consolidated Net Income
130,000
79,000
102,000
262,000
Net Income Attributable to Common Shareholders
130,000
79,000
102,000
262,000
Basic EPS
3.31
1.80
2.17
5.57
Diluted EPS
3.24
1.76
2.17
5.57
Basic Weighted Average Shares Outstanding
39,300
44,000
46,900
47,000
Diluted Weighted Average Shares Outstanding
40,100
44,800
47,000
47,000
Shares Outstanding
37,915
41,644
46,164
—
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
359,000
484,000
365,000
251,000
Total Cash and Cash Equivalents
359,000
484,000
365,000
251,000
Accounts Receivable
804,000
817,000
1,017,000
891,000
Total Trade Receivables
804,000
817,000
1,017,000
891,000
Inventories
473,000
444,000
487,000
459,000
Other Current Assets
126,000
96,000
58,000
40,000
Total Current Assets
1,762,000
1,841,000
1,927,000
1,641,000
Net Property, Plant & Equipment
876,000
843,000
921,000
922,000
Net Intangible Assets
398,000
374,000
417,000
432,000
Goodwill
509,000
471,000
499,000
490,000
Long-Term Investments
145,000
111,000
115,000
325,000
Other Long-Term Assets
127,000
128,000
162,000
264,000
Total Assets
3,817,000
3,768,000
4,041,000
4,074,000
Accounts Payable
510,000
522,000
639,000
686,000
Short-Term Debt
3,000
25,000
89,000
—
Other Current Liabilities
434,000
422,000
420,000
484,000
Total Current Liabilities
947,000
969,000
1,148,000
1,170,000
Long-Term Debt
967,000
963,000
709,000
26,000
Other Long-Term Liabilities
316,000
262,000
297,000
1,235,000
Total Long-Term Liabilities
1,283,000
1,225,000
1,006,000
1,261,000
Total Liabilities
2,230,000
2,194,000
2,154,000
2,431,000
Common Stock
1,000
1,000
1,000
—
Treasury Stock
(426,000)
(230,000)
(23,000)
—
Additional Paid-in Capital
1,978,000
1,976,000
2,031,000
1,731,000
Accumulated Other Comprehensive Income
(98,000)
(217,000)
(131,000)
(88,000)
Retained Earnings
132,000
44,000
9,000
—
Total Common Shareholders' Equity
1,587,000
1,574,000
1,887,000
1,643,000
Total Shareholders' Equity
1,587,000
1,574,000
1,887,000
1,643,000
Total Liabilities and Shareholders' Equity
3,817,000
3,768,000
4,041,000
4,074,000
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
130,000
79,000
102,000
—
Depreciation & Amortization
157,000
160,000
171,000
—
Share-Based Compensation Expense
18,000
14,000
10,000
—
Other Adjustments
(20,000)
32,000
47,000
—
Changes in Trade Receivables
69,000
149,000
79,000
—
Changes in Inventories
6,000
23,000
(4,000)
—
Changes in Accounts Payable
(26,000)
(114,000)
(95,000)
—
Changes in Income Taxes Payable
(21,000)
(9,000)
—
—
Changes in Other Operating Activities
(4,000)
(48,000)
(38,000)
—
Cash from Operating Activities
312,000
308,000
250,000
303,000
Capital Expenditure
(124,000)
(105,000)
(150,000)
(107,000)
Proceeds from Sale of Property, Plant & Equipment
1,000
5,000
2,000
2,000
Purchases of Investments
—
(1,000)
(2,000)
—
Payments for Business Acquisitions
(9,000)
—
—
—
Cash from Investing Activities
(132,000)
(101,000)
(150,000)
(105,000)
Issuance of Short-Term Debt
1,000
(75,000)
75,000
—
Net Issuance / (Repayments) of Short-Term Debt
1,000
(75,000)
75,000
—
Issuance of Long-Term Debt
—
975,000
708,000
—
Repayments of Long-Term Debt
(56,000)
(722,000)
(4,000)
(1,000)
Net Issuance / (Repayments) of Long-Term Debt
(56,000)
253,000
704,000
(1,000)
Repurchases of Common Shares
(202,000)
(212,000)
(24,000)
—
Net Issuance / (Repurchases) of Common Shares
(202,000)
(212,000)
(24,000)
—
Common Share Dividends Paid
(42,000)
(44,000)
(23,000)
—
Other Financing Activities
(11,000)
(18,000)
(712,000)
(184,000)
Cash from Financing Activities
(310,000)
(96,000)
20,000
(185,000)
Effect of Exchange Rate Changes on Cash and Cash Equivalents
5,000
8,000
(6,000)
(21,000)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash