PHINIA INC. Files 10-Q for Q2 2024

Ticker: PHIN · Form: 10-Q · Filed: 2024-07-30T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, financials, automotive-parts

TL;DR

PHINIA INC. Q2 2024 10-Q filed. Check liabilities and year-over-year comparisons.

AI Summary

For the quarter ended June 30, 2024, PHINIA INC. reported financial results. The company's filing includes data for the period from January 1, 2024, to June 30, 2024, and compares it to the same period in 2023. Specific financial figures such as contract liabilities and other current/noncurrent liabilities as of June 30, 2024, and December 31, 2023, are detailed.

Why It Matters

This 10-Q filing provides investors and analysts with a detailed look at PHINIA INC.'s financial performance and position for the second quarter of 2024, crucial for understanding the company's operational health and future prospects.

Risk Assessment

Risk Level: medium — The filing is a standard quarterly report, but the automotive parts industry can be subject to cyclical economic factors and supply chain disruptions.

Key Numbers

2024-06-30 — Report End Date (Current reporting period end)
2023-12-31 — Previous Year End (Comparison point for liabilities)
2024-01-01 to 2024-06-30 — Current Period (Financial reporting period)
2023-01-01 to 2023-06-30 — Prior Year Period (Comparative financial reporting period)

Key Players & Entities

PHINIA INC. (company) — Filer
20240630 (date) — Period of Report
20240730 (date) — Filing Date
0001968915 (company) — Central Index Key
3714 (industry_code) — Standard Industrial Classification
DE (state) — State of Incorporation
248-732-1900 (phone_number) — Business Phone

FAQ

What were PHINIA INC.'s contract liabilities as of June 30, 2024?

As of June 30, 2024, PHINIA INC.'s contract liabilities were not explicitly stated with a dollar amount in the provided header information, but the category 'phin:ContractLiabilitiesMember' is present.

How do PHINIA INC.'s other current liabilities compare between June 30, 2024, and December 31, 2023?

The filing indicates 'us-gaap:OtherCurrentLiabilitiesMember' for both June 30, 2024, and December 31, 2023, suggesting a comparison is available within the full document.

What is the SIC code for PHINIA INC.?

The Standard Industrial Classification (SIC) code for PHINIA INC. is 3714, which corresponds to MOTOR VEHICLE PARTS & ACCESSORIES.

What is the filing date for this 10-Q report?

This 10-Q report for PHINIA INC. was filed on July 30, 2024.

What fiscal year end does PHINIA INC. observe?

PHINIA INC. observes a fiscal year end on December 31.

From the Filing

0001968915-24-000023.txt : 20240730 0001968915-24-000023.hdr.sgml : 20240730 20240730105434 ACCESSION NUMBER: 0001968915-24-000023 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 87 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240730 DATE AS OF CHANGE: 20240730 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PHINIA INC. CENTRAL INDEX KEY: 0001968915 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-41708 FILM NUMBER: 241155415 BUSINESS ADDRESS: STREET 1: 3000 UNIVERSITY DRIVE CITY: AUBURN HILLS STATE: MI ZIP: 48326 BUSINESS PHONE: 248-732-1900 MAIL ADDRESS: STREET 1: 3000 UNIVERSITY DRIVE CITY: AUBURN HILLS STATE: MI ZIP: 48326 10-Q 1 phin-20240630.htm 10-Q phin-20240630 0001968915 FALSE 2024 Q2 12/31 0.2 P3Y P1Y xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure phin:segment 0001968915 2024-01-01 2024-06-30 0001968915 2024-07-26 0001968915 2024-06-30 0001968915 2023-12-31 0001968915 2024-04-01 2024-06-30 0001968915 2023-04-01 2023-06-30 0001968915 2023-01-01 2023-06-30 0001968915 us-gaap:RelatedPartyMember 2024-01-01 2024-06-30 0001968915 us-gaap:RelatedPartyMember 2023-01-01 2023-06-30 0001968915 2022-12-31 0001968915 2023-06-30 0001968915 2023-06-23 2023-06-23 0001968915 phin:CorporateExpenseAllocationMember us-gaap:RelatedPartyMember 2023-04-01 2023-06-30 0001968915 phin:CorporateExpenseAllocationMember us-gaap:RelatedPartyMember 2023-01-01 2023-06-30 0001968915 phin:ContractLiabilitiesMember 2024-06-30 0001968915 us-gaap:OtherCurrentLiabilitiesMember 2024-06-30 0001968915 us-gaap:OtherNoncurrentLiabilitiesMember 2024-06-30 0001968915 phin:ContractLiabilitiesMember 2023-12-31 0001968915 us-gaap:OtherCurrentLiabilitiesMember 2023-12-31 0001968915 us-gaap:OtherNoncurrentLiabilitiesMember 2023-12-31 0001968915 srt:MinimumMember 2024-06-30 0001968915 srt:MaximumMember 2024-06-30 0001968915 phin:FuelSystemsMember srt:AmericasMember 2024-04-01 2024-06-30 0001968915 phin:AfterMarketMember srt:AmericasMember 2024-04-01 2024-06-30 0001968915 srt:AmericasMember 2024-04-01 2024-06-30 0001968915 srt:EuropeMember phin:FuelSystemsMember 2024-04-01 2024-06-30 0001968915 phin:AfterMarketMember srt:EuropeMember 2024-04-01 2024-06-30 0001968915 srt:EuropeMember 2024-04-01 2024-06-30 0001968915 srt:AsiaMember phin:FuelSystemsMember 2024-04-01 2024-06-30 0001968915 srt:AsiaMember phin:AfterMarketMember 2024-04-01 2024-06-30 0001968915 srt:AsiaMember 2024-04-01 2024-06-30 0001968915 phin:FuelSystemsMember 2024-04-01 2024-06-30 0001968915 phin:AfterMarketMember 2024-04-01 2024-06-30 0001968915 phin:FuelSystemsMember srt:AmericasMember 2023-04-01 2023-06-30 0001968915 phin:AfterMarketMember srt:AmericasMember 2023-04-01 2023-06-30 0001968915 srt:AmericasMember 2023-04-01 2023-06-30 0001968915 srt:EuropeMember phin:FuelSystemsMember 2023-04-01 2023-06-30 0001968915 phin:AfterMarketMember srt:EuropeMember 2023-04-01 2023-06-30 0001968915 srt:EuropeMember 2023-04-01 2023-06-30 0001968915 srt:AsiaMember phin:FuelSystemsMember 2023-04-01 2023-06-30 0001968915 srt:AsiaMember phin:AfterMarketMember 2023-04-01 2023-06-30 0001968915 srt:AsiaMember 2023-04-01 2023-06-30 0001968915 phin:FuelSystemsMember 2023-04-01 2023-06-30 0001968915 phin:AfterMarketMember 2023-04-01 2023-06-30 0001968915 phin:FuelSystemsMember srt:AmericasMember 2024-01-01 2024-06-30 0001968915 phin:AfterMarketMember srt:AmericasMember 2024-01-01 2024-06-30 0001968915 srt:AmericasMember 2024-01-01 2024-06-30 0001968915 srt:EuropeMember phin:FuelSystemsMember 2024-01-01 2024-06-30 0001968915 phin:AfterMarketMember srt:EuropeMember 2024-01-01 2024-06-30 0001968915 srt:EuropeMember 2024-01-01 2024-06-30 0001968915 srt:AsiaMember phin:FuelSystemsMember 2024-01-01 2024-06-30 0001968915 srt:AsiaMember phin:AfterMarketMember 2024-01-01 2024-06-30 0001968915 srt:AsiaM