10:01 AM EST, 02/13/2025 (MT Newswires) -- (Updates with dividend, stock repurchase and latest stock move starting in the sixth paragraph.)

Phinia ( PHIN ) reported Q4 adjusted net earnings Thursday of $0.71 per diluted share, down from $0.76 a year earlier.

Four analysts surveyed by FactSet expected EPS of $0.87.

Net sales for the quarter were $833 million, down from $882 million a year earlier.

Analysts polled by FactSet expected $805.7 million.

For 2025, the company said it expects net sales of $3.23 billion to $3.43 billion. Analysts surveyed by FactSet expect $3.36 billion.

The company said its board increased its quarterly cash dividend to $0.27 from $0.25 per share, payable March 14 to shareholders of record on Feb. 28.

The board also increased its previously approved $400 million share repurchase program by $200 million, bringing the amount available under the program to about $320 million, the company said.

Phinia ( PHIN ) shares rose 6.3% in recent Thursday trading.

Price: 52.09, Change: +3.07, Percent Change: +6.26