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Is PHINIA’s (PHIN) Earnings Surge and Share Buybacks Altering Its Investment Case?
PHINIA Inc. recently reported second-quarter results, showing US$890 million in sales and a significant rise in net income to US$46 million, along with updated full-year guidance projecting 2025 net sales between US$3.33 billion and US$3.43 billion and earnings between US$140 million and US$170 million.
The company also advanced its share buyback initiative, having repurchased 20.03% of its shares since August 2023, which may impact future earnings per share figures due to a reduced share...