PHINIA — Feb 13, 2025 release

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 shareholders of record at the close of business on February 28, 2025. The Board of Directors also authorized a $200 million increase to its previously approved $400 million share repurchase program. Including the $200 million increase announced today, approximately $320 million is available under the Company’s repurchase program. Under the share repurchase program, the Company's common shares may be repurc