PHINIA, Inc. (NYSE:PHIN) Q3 2023 Earnings Conference Call November 6, 2023 8:00 AM ET

Company Participants

Michael Heifler - VP, IR

Brady Ericson - CEO

Chris Gropp - CFO

Conference Call Participants

Jake Scholl - BNP Paribas Exane

Joseph Spak - UBS

Operator

Thank you for standing by, and welcome to the PHINIA Q3 Earnings Call 2023.

I would now like to welcome Michael Heifler, Vice President of Investor Relations to begin the call. Michael, over to you.

Michael Heifler

Thank you, Mandeep, and good morning, everyone. We appreciate you joining us.

Our conference call materials were issued this morning and are available on PHINIA's Investor Relations website including a slide deck that we will be referencing in our remarks. We are also broadcasting this call via webcast. Joining us today are Brady Ericson, CEO; and Chris Gropp, CFO.

Today, we will discuss our Q3 results and updated forecast for full-year 2023. Please keep in mind when we make year-over-year or second half 2023 to first half 2023 comparisons, we are comparing our standalone results, including actual or expected corporate costs to pro forma results with corporate allocations when we were part of BorgWarner.

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 for joining us this morning.

I'm pleased to share our first earnings report as an independent company and proud to represent our nearly 13,000 employees who remain focused on delivering quality products to our customers and delivering solid financial results in the quarter.

I'll get into some of the numbers shortly and then hand it over to Chris for more details but let me first provide some color on our journey so far. Throughout the past several months, I've spent considerable time with customers, employees and investors. The feedback externally and internally has been universally supportive and positive about PHINIA's focus on its core business and strategy for the future.

Customers appreciate our commitment to combustion products and that we're going to be a reliable partner to them for decades to come. They are aligned with our efforts to develop robust, practical solutions for today and the carbon-neutral and carbon-free solutions of tomorrow. Our employees are excited that our profits and resources are being reinvested in our product lines and our operations to further strengthen and grow our business.