PHINIANYSE: PHIN

AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA Inc. (NYSE:PHIN), a leader in premium fuel systems, electrical systems, and aftermarket parts, today announced that the Company was added as a member of the US small-cap Russell 2000 Index, effective as of US market open on July 1, as part of the 2024 Russell Index's reconstitution. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data a.

AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA Inc. (“PHINIA” or the “Company”) (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket products, today announced that its Board of Directors has elected Meggan M. Walsh to the Board, effective July 1, 2024. Ms. Walsh's Board committee appointment will be approved by the Board at a later date. Ms. Walsh, 60, most recently served as a Senior Portfolio Manager and Head, Dividend Value with Invesco Ltd., a global independent.

PHINIA has outperformed its auto supplier peers and the S&P 500 since its debut, with the shares getting a boost from the Street rotating away from EV-driven names. The company's leverage to fuel injection technology, specifically gasoline direct injection, diesel injection, and alternative fuel injection, is worth more than the share price reflects. ICE-powered vehicles will likely remain a significant opportunity for another 15-20 years, and PHINIA has opportunities for profitable share growth and market entry/expansion.

PHINIA Inc. (NYSE:PHIN ) Q1 2024 Earnings Conference Call will be held on April 25, 2024 at 8:30 AM ET. Company Participants include Gordon Muir, Brady Ericson, and Chris Gropp. Conference Call Participants include Jake Scholl from BNP Paribas Exane. Thank you for joining the Phinia Q1 2024 Earnings Call. All lines are muted to minimize background noise.

PHINIA Inc. (NYSE:PHIN ) Q2 2023 Earnings Conference Call August 7, 2023 8:30 AM ET Company Participants Michael Heifler - Vice President, Investor Relations Brady Ericson - Chief Executive Officer Chris Gropp - Vice President and Chief Financial Officer Conference Call Participants Thomas Scholl - BNP Paribas Douglas Dethy - DC Partners Operator Ladies and gentlemen, good morning. My name is Abby and I will be your conference operator today.

PHINIA, a manufacturer of fuel systems and aftermarket parts, is trading at a low valuation of 3.5x EV/EBITDA and a 20%+ free cash flow yield. Closing half the valuation gap between PHIN and their peers would drive a material uplift in the stock. Four major catalysts are expected to drive a rerating of PHIN's stock and generate 100%+ upside in the near-term.

PHINIA was recently spun-off from BorgWarner. We believe the indiscriminate selling from BorgWarner existing shareholders and low valuation created a great opportunity to buy the stock. It is trading at 3.6X EV/EBITDA while peers are trading at +6x, and our DCF model suggests shares should increase +60% from current levels.

AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems and aftermarket parts will report second quarter results on Monday, August 7, 2023. PHINIA's earnings press release, earnings presentation and other materials will be available on the “Investors” section of PHINIA's website, PHINIA - Investor Relations. PHINIA will host a webcast to review second quarter 2023 results, full year 2023 outlook and take questions from the investment.