2024-03-22 11:45:56 ET
Summary
- Phinia has shown consistent revenue growth over the past three years, with a slight contraction in margins in 2023 due to inflation and decreased CV volume in China.
- Strong business wins in 2023, including supplying fuel systems to leading OEMs, are expected to support long-term revenue growth.
- PHIN's strategic shift to focus on the CV and AFM segments, reducing exposure to the LV segment, is expected to ensure business robustness and resilience.
Synopsis
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Phinia: Strong Business Wins And Strategic Focus On Aftermarket Segment