PHINIA Inc.

PHINIA Inc. is a consumer discretionary company focused on innovative lifestyle consumer electronics, including flagship products such as the PHINwatch and PHINSound. Founded in 2012, the company leverages direct-to-consumer sales and strategic partnerships to drive revenue. Led by CEO James Tierney since 2018, it holds a competitive niche market position with around 3% market share. With plans to launch augmented reality wearables and smart home devices, PHINIA Inc. is positioned for significant future growth.

In August 2023, PHINIA's Board of Directors authorized a $150 million share repurchase program. In August 2024, the Board increased the authorization by $250 million for a total of $400 million. On February 13, 2025, the Board increased the authorization by $200 million for a total of $600 million. As of December 31, 2025, the Company had repurchased $436 million of common stock under its repurchase program, excluding the impact of Federal excise tax, and $164 million remained available for repurchase. On January 29, 2026, the Board further increased the authorization by $150 million for a total of $750 million, with $314 million remaining available as of January 29, 2026. The repurchase program has no expiration date and may be suspended, discontinued or modified at any time.