PHINIA INC.
For the period ended Dec 31, 2025. Filed Feb 12, 2026.
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FY2025 · Filed Feb 12, 2026
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) | 2025 | 2024 | 2023 |
| Net sales | $3,483 | $3,403 | $3,500 |
| Cost of sales | 2,721 | 2,647 | 2,776 |
| Gross profit | 762 | 756 | 724 |
| Selling, general and administrative expenses | 445 | 442 | 413 |
| Restructuring expense | 17 | 14 | 12 |
| Other operating expense, net | 46 | 41 | 58 |
| Operating income | 254 | 259 | 241 |
| Equity in affiliates’ earnings, net of tax | (15) | (11) | (10) |
| Interest expense | 81 | 99 | 56 |
| Interest income | (14) | (16) | (13) |
| Other postretirement expense | 4 | — | 2 |
| Earnings before income taxes | 198 | 187 | 206 |
| Provision for income taxes | 68 | 108 | 104 |
| Net earnings | $130 | $79 | $102 |
| Earnings per share — basic | $3.31 | $1.80 | $2.17 |
| Earnings per share — diluted | $3.24 | $1.76 | $2.17 |
| Weighted average shares outstanding: | |||
| Basic | 39.3 | 44.0 | 46.9 |
| Diluted | 40.1 | 44.8 | 47.0 |
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