PHINIA INC. Reports $1.78B Revenue, $10M Net Loss for 9 Months

Ticker: PHIN · Form: 10-Q · Filed: 2024-10-31T00:00:00.000Z

Sentiment: neutral

Topics: financials, revenue, loss, assets

TL;DR

PHINIA INC. Q3: $1.78B revenue, $10M loss. Assets $2.05B. Still burning cash.

AI Summary

For the nine months ended September 30, 2024, PHINIA INC. reported revenue of $1.78 billion. The company's net loss for the same period was $10 million. PHINIA INC. also disclosed that its total assets were $2.05 billion as of September 30, 2024.

Why It Matters

This filing provides insight into PHINIA INC.'s financial performance, including revenue and net loss, which are crucial for investors assessing the company's profitability and operational health.

Risk Assessment

Risk Level: medium — The company reported a net loss, indicating potential financial instability or ongoing investment phases that could pose risks.

Key Numbers

$1.78B — Revenue (For the nine months ended September 30, 2024)
$10M — Net Loss (For the nine months ended September 30, 2024)
$2.05B — Total Assets (As of September 30, 2024)

Key Players & Entities

PHINIA INC. (company) — Filer of the 10-Q report
$1.78 billion (dollar_amount) — Revenue for the nine months ended September 30, 2024
$10 million (dollar_amount) — Net loss for the nine months ended September 30, 2024
$2.05 billion (dollar_amount) — Total assets as of September 30, 2024
September 30, 2024 (date) — End of the reporting period for financial data

FAQ

What was PHINIA INC.'s revenue for the nine months ended September 30, 2024?

PHINIA INC.'s revenue for the nine months ended September 30, 2024, was $1.78 billion.

What was the net loss for PHINIA INC. during the first nine months of 2024?

The net loss for PHINIA INC. for the nine months ended September 30, 2024, was $10 million.

What were PHINIA INC.'s total assets as of September 30, 2024?

As of September 30, 2024, PHINIA INC.'s total assets were $2.05 billion.

What is the fiscal year end for PHINIA INC.?

The fiscal year end for PHINIA INC. is December 31.

In which state was PHINIA INC. incorporated?

PHINIA INC. was incorporated in Delaware (DE).

From the Filing

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