PHINIA INC
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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FY2024 · Filed Feb 13, 2025
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) | 2024 | 2023 | 2022 |
| Net sales | $3,403 | $3,500 | $3,348 |
| Cost of sales | 2,647 | 2,776 | 2,627 |
| Gross profit | 756 | 724 | 721 |
| Selling, general and administrative expenses | 442 | 413 | 407 |
| Other operating expense (income), net | 55 | 70 | (4) |
| Operating income | 259 | 241 | 318 |
| Equity in affiliates’ earnings, net of tax | (11) | (10) | (11) |
| Interest expense | 99 | 56 | 20 |
| Interest income | (16) | (13) | (6) |
| Other postretirement expense (income) | — | 2 | (32) |
| Earnings before income taxes | 187 | 206 | 347 |
| Provision for income taxes | 108 | 104 | 85 |
| Net earnings | $79 | $102 | $262 |
| Earnings per share — basic | $1.80 | $2.17 | $5.57 |
| Earnings per share — diluted | $1.76 | $2.17 | $5.57 |
| Weighted average shares outstanding: | |||
| Basic | 44.0 | 46.9 | 47.0 |
| Diluted | 44.8 | 47.0 | 47.0 |
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