PHINIA Inc. (NYSE:PHIN) Q2 2023 Earnings Conference Call August 7, 2023 8:30 AM ET
Company Participants
Michael Heifler - Vice President, Investor Relations
Brady Ericson - Chief Executive Officer
Chris Gropp - Vice President and Chief Financial Officer
Conference Call Participants
Thomas Scholl - BNP Paribas
Douglas Dethy - DC Partners
Operator
Ladies and gentlemen, good morning. My name is Abby and I will be your conference operator today. At this time, I would like to welcome everyone to the PHINIA Second Quarter 2023 Earnings Conference Call. Today's conference is being recorded, and all lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.
And I will now turn the conference over to Mike Heifler, Vice President of Investor Relations. You may begin.
Michael Heifler
Thank you, Abby, and good morning, everyone. We appreciate you joining us. PHINIA completed its separation from BorgWarner on July 3rd and started trading on the New York Stock Exchange on July 5th. Prior to the separation, PHINIA was a wholly owned subsidiary of BorgWarner comprised of the company's fuel systems and aftermarket segments.
PHINIA's historical GAAP financial information is presented on a carve-out basis. In addition, we present certain adjusted non-GAAP financial measures on today's call and in supporting materials. Our conference call materials were issued this morning and are available on PHINIA's Investor Relations website. We are also broadcasting this call via webcast.
Joining us today is Brady Ericson, CEO; and Chris Gropp, CFO. During this call, we will make forward-looking statements, which are based on management's current expectations and are subject to risks and uncertainties. Actual results may differ materially from these statements due to a variety of factors, including those described in our SEC filings.
And with that, it's my pleasure to turn the call over to Brady.
Brady Ericson
Thanks, Mike, and thank you all for joining PHINIA's first earnings call. As Mike mentioned, on July 3rd, we completed the spin-off from BorgWarner and were honored to ring the opening bell on July 5 prior to our stock trading for the first time as an independent company.
Our entire leadership team, family members and key supporters were present to celebrate this key milestone. It was a great event, but it would not have been possible without the dedication and commitment of nearly 13,000 employees and for that, our leadership team and Board of Directors want to say thank you.