PHINIA Expects Fy24 Sales Of $3.42B-$3.57B, Adjusted Sales Of $3.40B-$3.55B; Company Expects To Generate $160M-$200M In Adjusted Free Cash Flow
Portfolio Pulse from Benzinga Newsdesk
PHINIA forecasts FY24 sales to be between $3.42B-$3.57B with adjusted sales in the range of $3.40B-$3.55B. The company also anticipates generating $160M-$200M in adjusted free cash flow.
February 21, 2024 | 12:59 pm
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POSITIVE IMPACT
PHINIA, known in the stock market as PHIN, forecasts a positive financial outlook for FY24 with sales and adjusted free cash flow showing strong numbers.
The positive financial forecast by PHINIA, including a significant range in sales and adjusted free cash flow, suggests a strong financial health and operational efficiency. This is likely to instill investor confidence and could lead to an uptick in PHIN's stock price in the short term, as investors react to the potential for increased profitability and cash generation capabilities.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100