Phinia Reiterates FY23 Adjusted Sales Guidance Of $3.45B-$3.55B, Sees Adjusted EBITDA of $485M-$505M
Portfolio Pulse from Benzinga Newsdesk
Phinia Inc. has reiterated its FY23 adjusted sales guidance of $3.45B-$3.55B and expects adjusted EBITDA of $485M-$505M. The company also anticipates adjusted EBITDA margins of 13.8% - 14.3% in FY23.
August 07, 2023 | 11:29 am
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Phinia Inc. has reiterated its FY23 sales guidance, which could indicate confidence in the company's future performance.
Phinia's reiteration of its FY23 sales guidance and expected EBITDA indicates that the company is confident in its future performance. This could potentially have a positive impact on the company's stock price as it may increase investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100