Aircraft fuel system

Franklin Electric Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, October 24, 2023
Weather, EPS, Webcast, Distribution, Aircraft fuel system, Water, Pharmaceutical industry, Video game

FORT WAYNE, Ind., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. today announced its third quarter financial results for fiscal year 2023.

Key Points: 
  • Consolidated net sales of $538.4 million, a decrease of 2% to the prior year
    FORT WAYNE, Ind., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. today announced its third quarter financial results for fiscal year 2023.
  • Third quarter 2023 net sales were $538.4 million, compared to third quarter 2022 net sales of $551.7 million.
  • Third quarter 2023 operating income was $78.1 million, compared to third quarter 2022 operating income of $80.0 million.
  • Third quarter 2023 EPS was $1.23, versus EPS in the third quarter 2022 of $1.24.

Franklin Electric Reports Record Second Quarter 2023 Results

Retrieved on: 
Tuesday, July 25, 2023
Distribution, Water, Aircraft fuel system, Webcast, Weather, EPS, Franklin Electric, GAAP, Environment, Video game

FORT WAYNE, Ind., July 25, 2023 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. today announced its second quarter financial results for fiscal year 2023.

Key Points: 
  • Second quarter 2023 net sales were $569.1 million, compared to second quarter 2022 net sales of $551.1 million.
  • Second quarter 2023 operating income was $80.9 million, compared to second quarter 2022 operating income of $81.0 million.
  • Second quarter 2023 EPS was $1.27, versus EPS in the second quarter 2022 of $1.26.
  • Distribution net sales, a new second quarter record, were $193.1 million in the second quarter 2023, an increase of $2.0 million compared to the second quarter 2022.

PHINIA Inc. to Report Q2 2023 Earnings

Retrieved on: 
Thursday, July 20, 2023
Other Manufacturing, Alternative Vehicles, Fuels, Aftermarket, Automotive, General Automotive, Automotive Manufacturing, Manufacturing, Machinery, Fleet Management, BorgWarner, Webcast, NYSE, Aircraft fuel system, BWA

PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems and aftermarket parts will report second quarter results on Monday, August 7, 2023.

Key Points: 
  • PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems and aftermarket parts will report second quarter results on Monday, August 7, 2023.
  • PHINIA’s earnings press release, earnings presentation and other materials will be available on the “Investors” section of PHINIA’s website, PHINIA - Investor Relations .
  • PHINIA will host a webcast to review second quarter 2023 results, full year 2023 outlook and take questions from the investment community at 8:30 AM Eastern Time on Monday, August 7, 2023.
  • PHINIA’s second quarter 2023 results will reflect the company’s business segment performance under BorgWarner’s pre-spin ownership of PHINIA with carve out adjustments.

PHINIA Inc. Completes Separation from BorgWarner, Starts Trading on New York Stock Exchange

Retrieved on: 
Wednesday, July 5, 2023
Oil, Gas, Automotive Manufacturing, Alternative Energy, Energy, Manufacturing, Sustainability, Alternative Vehicles, Fuels, Environment, Trucking, Transport, Aftermarket, Machinery, Automotive, Vehicle Technology, Utilities, Workforce, Freedom, Wardlaw-Hartridge School, Gropp, BWA, Multimedia, Delphi, Carbon, Aircraft fuel system, Ericsson, BorgWarner, OE, Growth, NYSE, Delco, Management, Renewable energy

PHINIA Inc. begins trading today as an independent company on the New York Stock Exchange under the ticker symbol “PHIN”.

Key Points: 
  • PHINIA Inc. begins trading today as an independent company on the New York Stock Exchange under the ticker symbol “PHIN”.
  • He previously led three different business units of BorgWarner and was BorgWarner’s first Chief Strategy Officer.
  • He is joined by a strong executive team with a track record of success, including Chris Gropp, Vice President and Chief Financial Officer.
  • Our vision of a sustainable future includes a wide range of solutions including carbon-neutral and carbon-free fuels,” said Ericson.

BorgWarner Announces Anticipated Completion Date of PHINIA Spin-Off

Retrieved on: 
Wednesday, June 14, 2023
BorgWarner, Security (finance), Bangladesh Securities and Exchange Commission, Aircraft fuel system, Cryptocurrency

PHINIA common stock will be traded on the New York Stock Exchange under the ticker symbol PHIN.

Key Points: 
  • PHINIA common stock will be traded on the New York Stock Exchange under the ticker symbol PHIN.
  • In December 2022, BorgWarner announced its intent to spin off the Fuel Systems and Aftermarket segments (later named PHINIA), consistent with its Charging Forward strategy.
  • Any holders of BorgWarner common stock who sell shares "regular way" on or before the completion date will also be selling their right to receive common stock of PHINIA.
  • Investors are encouraged to consult with their financial advisors regarding the specific implications of buying or selling BorgWarner common stock on or before the completion date.

Franklin Electric Reports Record First Quarter 2023 Results

Retrieved on: 
Tuesday, May 2, 2023
Aircraft fuel system, System, Record, GAAP, Water, Groundwater, Distribution, Webcast, Weather, EPS, Video game

FORT WAYNE, Ind., May 02, 2023 (GLOBE NEWSWIRE) -- Franklin Electric Co. Inc. today announced first quarter financial results for fiscal year 2023.

Key Points: 
  • “The Franklin Electric team delivered a strong start to 2023 with records for first quarter sales, operating income and earnings per share.
  • Water Systems sales, a new first quarter record, were $306.6 million in the first quarter 2023, an increase of $34.0 million compared to the first quarter 2022.
  • Distribution sales, a new first quarter record, were $143.0 million in the first quarter 2023, an increase of $8.1 million compared to the first quarter 2022.
  • Fueling Systems sales, a new first quarter record, were $72.7 million in the first quarter 2023, an increase of $0.2 million compared to the first quarter 2022.

Franklin Electric Reports Record Fourth Quarter 2022 and Full Year 2022 Results

Retrieved on: 
Tuesday, February 14, 2023
EPS, Distribution, Groundwater, Weather, GAAP, Webcast, Aircraft fuel system, System, Water, Recollections of Full Years, Growth, Video game, Renewable energy, Pharmaceutical industry, Cryptocurrency

FORT WAYNE, Ind., Feb. 14, 2023 (GLOBE NEWSWIRE) -- Franklin Electric Co. Inc. today announced fourth quarter and full year financial results for fiscal year 2022.

Key Points: 
  • Water Systems sales, a new fourth quarter record, were $281.3 million in the fourth quarter 2022, an increase of $23.3 million compared to the fourth quarter 2021.
  • Distribution sales, a new fourth quarter record, were $148.9 million in the fourth quarter 2022, an increase of $32.0 million compared to the fourth quarter 2021.
  • Fueling Systems sales, a new fourth quarter record, were $85.5 million in the fourth quarter 2022, an increase of $6.5 million compared to the fourth quarter 2021.
  • Fueling Systems operating income, a new fourth quarter record, was $24.3 million in the fourth quarter of 2022, compared to $22.2 million in the fourth quarter 2021.

BorgWarner Announces Brady Ericson as CEO, Chris Gropp as CFO, and PHINIA Inc. as Company Name for Proposed Fuel Systems and Aftermarket Segment Spin-Off

Retrieved on: 
Tuesday, February 14, 2023
Plant (control theory), Master of Business Administration, University, Remy International, Gropp, Kettering University, NYSE, BorgWarner, Ford Motor Company, American Institute, BWA, Engineering, AlliedSignal, Ericsson, Culture, KPMG, Business administration, Commercial vehicle, Duke University, American Institute of Certified Public Accountants, Knowledge, Mechanical, Certified Public Accountant, Aircraft fuel system, Alternator, Management, Finance, Aftermarket, Honeywell, Science

BorgWarner also announced today that the intended company name is "PHINIA Inc." ("PHINIA").

Key Points: 
  • BorgWarner also announced today that the intended company name is "PHINIA Inc." ("PHINIA").
  • Ericson began his career at BorgWarner in 2000 and has served as Vice President of BorgWarner and President and General Manager of BorgWarner Fuel Systems and Aftermarket since March 2022.
  • Gropp began her career at BorgWarner in 2001, serving most recently as Vice President of Finance for Fuel Systems and Aftermarket since October 2020.
  • "We've delivered significant operational and segment margin improvement over the last couple of years in Fuel Systems and Aftermarket," says Gropp.

GA Telesis Component Repair Group Announces New Main Engine Fuel Pump Capability

Retrieved on: 
Thursday, December 1, 2022
Other Manufacturing, Other Transport, Technology, Air, Aerospace, Transport, Manufacturing, Other Technology, GAT, MRO, Miami International Airport, V2500, CF34, Aircraft fuel system, Aviation, Ecosystem, CFM56, PW4000, Maintenance (technical)

GA Telesis ("GAT") , the pioneering leader in integrated aviation services, announces its MRO Services Component Repair Group has acquired new equipment that will allow it to introduce main engine fuel pump capabilities to its ecosystem.

Key Points: 
  • GA Telesis ("GAT") , the pioneering leader in integrated aviation services, announces its MRO Services Component Repair Group has acquired new equipment that will allow it to introduce main engine fuel pump capabilities to its ecosystem.
  • The repairs will be completed at its existing FAA/EASA/CAAC certified component repair facility at Miami International Airport.
  • This new capability is the first step in major fuel component repair.
  • "I am excited to be part of adding fuel repair and overhaul capabilities to the GA Telesis Ecosystem," said Mark Story, Director of Fuel Systems.

GA Telesis MRO Services Appoints Mark Story as Director of Fuel Systems

Retrieved on: 
Tuesday, September 27, 2022
Other Transport, Aerospace, Manufacturing, Transport, Engineering, Story, Contract, Company, Growth, Component, Aviation, Fuel cell, Solution, Ecosystem, OEM, Aircraft fuel system, Attitude, Home fuel cell, United, MRO, Maintenance (technical)

GA Telesis (the Company), a leader in integrated aviation services, announced industry veteran Mark Story has joined the Company.

Key Points: 
  • GA Telesis (the Company), a leader in integrated aviation services, announced industry veteran Mark Story has joined the Company.
  • He will join the MRO Services Group as Director of Fuel Systems, operating under the Component division in Miami.
  • GA Telesis MRO Services targeted fuel systems as a key growth area that will further the Company's market penetration.
  • GA Telesis MRO Services currently provides operators with various aircraft systems and structure solutions.