PHINIA INC
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
PHIN$70.33+2.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Year Ended December 31, | |||
|---|---|---|---|
| (in millions, except per share amounts) | 2023 | 2022 | 2021 |
| Net sales | $3,500 | $3,348 | $3,227 |
| Cost of sales | 2,776 | 2,627 | 2,551 |
| Gross profit | 724 | 721 | 676 |
| Selling, general and administrative expenses | 413 | 407 | 460 |
| Restructuring expense | 12 | 11 | 55 |
| Other operating expense (income), net | 58 | (15) | (13) |
| Operating income | 241 | 318 | 174 |
| Equity in affiliates’ earnings, net of tax | (10) | (11) | (7) |
| Interest expense | 56 | 20 | 35 |
| Interest income | (13) | (6) | (1) |
| Other postretirement expense (income) | 2 | (32) | (39) |
| Earnings before income taxes and noncontrolling interest | 206 | 347 | 186 |
| Provision for income taxes | 104 | 85 | 33 |
| Net earnings | 102 | 262 | 153 |
| Net earnings attributable to the noncontrolling interest, net of tax | — | — | 1 |
| Net earnings attributable to PHINIA Inc. | $102 | $262 | $152 |
| Earnings per share attributable to PHINIA Inc. — basic | $2.17 | $5.57 | $3.23 |
| Earnings per share attributable to PHINIA Inc. — diluted | $2.17 | $5.57 | $3.23 |
| Weighted average shares outstanding: | |||
| Basic | 46.9 | 47.0 | 47.0 |
| Diluted | 47.0 | 47.0 | 47.0 |
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