BorgWarner spinoff, Phinia, says Q3 2023 sales up 4.3% YOY to $896 million

Financial results

The company's net earnings stood at $11 million, with a net margin of 1.2%.

Phinia, the spin-off company of the fuel systems and aftermarket segments of Michigan-based powertrain technologies supplier BorgWarner, has reported its third- quarter 2023 results, according to a press release dated Nov. 6.

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