PHINIA — Feb 13, 2025 release

2 Capital expenditures during the year were $105 million with the funds primarily used for investments in new machinery and equipment for new program launches. Dividends paid to shareholders in the year were $44 million, while share repurchases totaled $212 million . 2025 Full Year Guidance: The Company expects 2025 net sales of $3.23 billion to $3.43 billion. Excluding the impacts of foreign exchange and contract manufacturing arrangements in 2024, this implies a year-over-year sales range of 2% decline to 4% growth in 2025. The Company’s net earnings and adjusted EBITDA are projected to be $140 million to $170 million and $450 million to $490 million, respectively, with net earnings margin of 4.3% to 5.0% and adjusted EBITDA margin of 13.7% to 14.5%. The Company expects to generate $160 million to $200 million in adjusted free cash flow. Adjusted tax rate is expected to be in the range of 38% to 42%. The Company will host a conference call to review fourth quarter and full year 2024 results, introduce 2025 full year outlook and take questions from the investment community at 8:30 a.m. ET today. This call will be webcast at PHINIA Q4 2024 Earnings Call . Additional presentation materials will be available at Investors.phinia.com . Increase to Dividend and Share Repurchase Program PHINIA also today announced that its Board of Directors has declared a quarterly cash dividend in the amount of $0.27 per common share, an increase of 8% over the $0.25 per common share paid in the same quarter in 2024, payable on March 14, 2025, to sharehold