GuidePoint Security Launches New Cyber Risk Quantification Service To Help Organizations Make Smarter Security Investments
By quantifying cyber risk in financial terms—not colors or abstract scores—CRQ empowers teams to shift from reactive defense to proactive risk management.
As cyber threats grow more complex and security budgets face greater scrutiny, GuidePoint's CRQ service replaces guesswork with clear, data-backed insights that show exactly how cyber risks translate into potential financial loss. By quantifying cyber risk in financial terms—not colors or abstract scores—CRQ empowers teams to shift from reactive defense to proactive risk management.
'Security leaders often struggle to convey risk in a way that resonates with boards and executives. Many organizations still rely on vague heat maps or subjective, qualitative scoring to gauge cyber risk—methods that simply don't cut it anymore,' said Ben Moreland, Director, Cyber Risk Practice at GuidePoint Security. 'By quantifying cyber risk in financial terms, CRQ gives security and business leaders a shared, data-driven view of risk—so they can prioritize smarter, justify spending and reduce exposure with confidence.'
Built on the trusted FAIR TM (Factor Analysis of Information Risk) framework, GuidePoint's CRQ combines deep practitioner expertise with AI and automation to simplify complex, traditionally manual risk modeling. The result is faster, more accurate and repeatable assessments that can scale across complex environments.
GuidePoint Security's new CRQ offering includes:
Financial Risk Modeling: Quantified cyber risk to identify which threats carry the highest potential loss and why–enabling smarter budget allocation and cyber risk buy-down.
Board-Ready Insights: Standardized, repeatable outputs that translate technical risks into business impact, supporting aligned decision-making across executive, risk and security teams.
Risk-Based Prioritization: A holistic view to focus mitigation efforts on the most financially significant threats, reducing residual and operational risk.
Budget Optimization: Detailed financial metrics to help align cybersecurity investments with organizational priorities and support more informed resource allocation.
Insurance Support: Defensible loss projections and scenario models that help your legal and broker teams negotiate better coverage terms.
Third-Party Risk Integration: Include third-party risk in enterprise-wide assessments for a complete view of organizational exposure.
Audit-Ready Documentation: Quantitative reporting that supports regulatory, compliance and audit requirements with transparency.
GuidePoint's CRQ service is made to scale across organizations of all industries, sectors and sizes, and integrates seamlessly with existing risk management frameworks. Whether organizations are just beginning to explore cyber risk quantification or seeking to refine existing programs, CRQ delivers a defensible, business-aligned approach that supports long-term resilience.
'With CRQ, we're helping organizations measure and manage risk,' added Moreland. 'It's about giving teams the clarity and confidence to act decisively—before an incident happens.'
For more information on the new Cyber Risk Quantification Service:
Visit our website
Download our data sheet
Read our blog for more cybersecurity risk insights
About GuidePoint Security
GuidePoint Security provides trusted cybersecurity expertise, solutions, and services that help organizations make better decisions that minimize risk. Our experts act as your trusted advisor to understand your business and challenges, helping you through an evaluation of your cybersecurity posture and ecosystem to expose risks, optimize resources and implement best-fit solutions. GuidePoint's unmatched expertise has enabled 40% of Fortune 500 companies and more than half of the U.S. government cabinet-level agencies to improve their security posture and reduce risk. Learn more at www.guidepointsecurity.com.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
12 minutes ago
- Business Wire
World Acceptance Corporation Reports Fiscal 2026 First Quarter Results
GREENVILLE, S.C.--(BUSINESS WIRE)--World Acceptance Corporation (NASDAQ: WRLD) today reported financial results for its first quarter of fiscal 2026. First fiscal quarter highlights During its first fiscal quarter, World Acceptance Corporation grew outstanding loans by $38.7 million from March 31, 2025, compared to a slight decrease in outstanding loans in the first quarter of the prior year. Total delinquency on a recency basis decreased $15.9 million as compared to June 30, 2024, with loans 61 days or more past due on a recency basis decreasing $3.4 million compared to June 30, 2024, and $5.6 million compared to March 31, 2025. This loan growth and decrease in delinquencies positions us for higher revenue and lower charge-offs in the coming quarters. Highlights from the first quarter include: Increase in total revenues to $132.5 million, including a 234 basis point yield increase compared to the same quarter in the prior year; Significant decrease in loans 61 days or more past due on a recency basis from March 31, 2025; Customer base increased by 4.0%; and Diluted net income per share of $0.25. Other events: The Company entered a new three year senior secured asset based credit facility on July 22, 2025, which replaced its prior revolving credit facility and, among other things, increases aggregate commitments to $640 million and permits the Company to repurchase up to $100 million of Company stock for a period of one year, plus, over the term of the credit facility, 100% of Cumulative Net Income calculated commencing January 1, 2025, on an ongoing basis, subject to certain restrictions; The Company's Board of Directors has approved a share repurchase program authorizing the repurchase of up to $100 million of its outstanding common stock inclusive of any amount that remains available for repurchase under prior authorizations; and The Company's Board of Directors has approved the redemption of all outstanding 7.00% Senior Secured Notes due 2026 (the Notes) which will be made in accordance with the terms and conditions of the Notes and the indenture governing the Notes. Portfolio results Gross loans outstanding were $1.26 billion as of June 30, 2025, a 0.8% decrease from the $1.27 billion of gross loans outstanding as of June 30, 2024. This is a substantial improvement from the 4.0% year over year decrease as of March 31, 2025. During the most recent quarter, gross loans outstanding increased sequentially 3.2%, or $38.7 million, from $1.23 billion as of March 31, 2025, compared to a decrease of 0.2%, or $2.3 million, in the comparable quarter of the prior year. During the most recent quarter, our new, former and current customer borrowing increased when comparing the same quarter of fiscal year 2025. Specifically, during the quarter, new, former and refinance customer loan volume increased 30.8%, 6.3% and 9.6%, respectively, compared to the same quarter of fiscal year 2025. Our customer base increased by 4.0% during the twelve-month period ended June 30, 2025, compared to a decrease of 2.6% for the comparable period ended June 30, 2024. During the quarter ended June 30, 2025, the number of unique borrowers in the portfolio increased by 0.8%, compared to an increase of 0.5% during the quarter ended June 30, 2024. As we continue to shrink the average gross loan balance in the portfolio through increasing new and former customer small loan volume and maintain the tighter underwriting of large loans, we expect the portfolio gross and net yield to continue to improve. The following table includes the volume of gross loan origination balances, excluding tax advance loans, by customer type for the following comparative quarterly periods: As of June 30, 2025, the Company had 1,014 open branches. For branches open at least twelve months, same store gross loans increased 1.1% in the twelve-month period ended June 30, 2025, compared to a decrease of 8.3% for the twelve-month period ended June 30, 2024. For branches open throughout both periods, the customer base over the twelve-month period ended June 30, 2025, increased 5.9%, compared to a decrease of 2.1% for the twelve-month period ended June 30, 2024. Three-month financial results Net income for the first quarter of fiscal 2026 decreased to $1.3 million, compared to $9.9 million for the same quarter of the prior year. Net income per diluted share decreased to $0.25 per share in the first quarter of fiscal 2026, compared to $1.79 per share for the same quarter of the prior year. Although net income was negatively impacted by an increase in provision for credit losses, partially related to our new growth, we expect solid returns on our fiscal 2025 originations given early payment performance and yield. Total revenues for the first quarter of fiscal 2026 increased to $132.5 million, a 2.3% increase from $129.5 million for the same quarter of the prior year. Interest and fee income increased 3.7%, from $111.2 million in the first quarter of fiscal 2025, to $115.3 million in the first quarter of fiscal 2026. Insurance income decreased by 10.8% to $11.5 million in the first quarter of fiscal 2026, compared to $12.9 million in the first quarter of fiscal 2025. The large loan portfolio decreased from 54.5% of the overall portfolio as of June 30, 2024, to 46.6% as of June 30, 2025. Interest and insurance yields for the quarter ended June 30, 2025, increased 234 basis points, compared to the quarter ended June 30, 2024. Other income increased $0.2 million, or 3.4%, to $5.6 million in the first quarter of fiscal 2026, compared to $5.4 million in the first quarter of fiscal 2025. Revenues from our tax return preparation business increased by $0.4 million, or 21.6%, in the first quarter of fiscal 2026, compared to the first quarter of fiscal 2025 due to an increase in our average preparation fee. The Company accrues for expected losses with a current expected credit loss ("CECL") methodology, which requires us to create a provision for credit losses on the day we originate the loan. The provision for credit losses increased $5.1 million to $50.5 million, from $45.4 million when comparing the first quarter of fiscal 2026 to the first quarter of fiscal 2025. The table below itemizes the key components of the CECL allowance and provision impact during the quarter. The provision was negatively impacted by growth, a seasonality adjustment that occurs in the first quarter of each fiscal year, and net charge-offs. The improved quarter over quarter growth resulted in a $3.5 million increase in the provision. The seasonality adjustment negatively impacted the provision by approximately $5.0 million. As a reminder, the seasonality adjustment that occurs in the first quarter is removed in the December quarter due to the benefit of tax refunds that occurs in the March quarter. There was also a $1.0 million increase in our tax advance loans reserve during the quarter. This increase in reserve should be isolated to the first quarter. Net charge-offs for the quarter increased $6.1 million, from $38.7 million in the first quarter of fiscal 2025, to $44.8 million in the first quarter of fiscal 2026. Net charge-offs as a percentage of average net loans receivable on an annualized basis increased to 19.4% in the first quarter of fiscal 2026 from 16.4% in the first quarter of fiscal 2025. Higher net charge-offs were expected during the quarter given the higher late stage delinquency as of March 31, 2025. The higher net charge-offs primarily relate to the substantial number of new customers originated during the December quarter of the prior fiscal year. We believe that the impact of the third quarter new borrower growth is largely behind us as of June 30, 2025. Accounts 61 days or more past due decreased to 5.4% on a recency basis at June 30, 2025, compared to 5.6% at June 30, 2024 and 6.0% at March 31, 2025. Our allowance for credit losses as a percent of net loans receivable was 11.6% at June 30, 2025 and June 30, 2024. Recency delinquency on accounts at least 90 days past due decreased from 3.4% at June 30, 2024, to 3.3% at June 30, 2025. Recency delinquency on accounts 0 to 60 days past due decreased from 20.0% at June 30, 2024, to 19.2% at June 30, 2025. The table below is updated to use the customer tenure-based methodology that aligns with our CECL methodology. After experiencing rapid portfolio growth during fiscal years 2019 and 2020, primarily in new customers, our gross loan balance experienced pandemic related declines in fiscal 2021 before rebounding during fiscal 2022. Over the last three years, we have tightened our lending to new customers substantially. The tables below illustrate the changes in the portfolio weighting. Portfolio Mix by Customer Tenure at Origination As of Less Than 2 Years More Than 2 Years 06/30/2020 33.3% 66.7% 06/30/2021 31.3% 68.7% 06/30/2022 31.8% 68.2% 06/30/2023 24.5% 75.5% 06/30/2024 20.0% 80.0% 06/30/2025 23.0% 77.0% Expand General and administrative ('G&A') expenses increased $8.9 million, or 14.6%, to $70.4 million in the first quarter of fiscal 2026, compared to $61.4 million in the same quarter of the prior fiscal year. As a percentage of revenues, G&A expenses increased from 47.4% during the first quarter of fiscal 2025, to 53.1% during the first quarter of fiscal 2026. G&A expenses per average open branch increased by 17.6%, when comparing the first quarter of fiscal 2026 to the first quarter of fiscal 2025. Personnel expense increased $8.8 million, or 23.8%, during the first quarter of fiscal 2026 as compared to the first quarter of fiscal 2025. Salary expense increased approximately $1.1 million, or 3.6%, during the quarter ended June 30, 2025, compared to the quarter ended June 30, 2024. Our headcount as of June 30, 2025, decreased 1.4% compared to June 30, 2024. Benefit expense increased approximately $2.2 million, or 31.7%, when comparing the quarterly periods ended June 30, 2025 and 2024. The increase in benefit expense is primarily the result of several large claims experienced during the quarter. Incentive expense increased $5.7 million in the first quarter of fiscal 2026 compared to the first quarter of fiscal 2025. The increase in incentive expense is primarily due to a $4.2 million increase in share based compensation expense and a $1.6 million increase in field bonus expense. Share based compensation expense increased due to share grants in December of 2024 and June of 2025. The prior year quarter also included a $1.8 million reversal of share based compensation expense related to the retirement of an officer. Occupancy and equipment expense decreased $0.4 million, or 3.1%, when comparing the quarterly periods ended June 30, 2025 and 2024. Advertising expense increased $0.6 million, or 38.8%, in the first quarter of fiscal 2026, compared to the first quarter of fiscal 2025 due to increased spending on customer acquisition programs. Interest expense for the quarter ended June 30, 2025, decreased by $0.1 million, or 1.4%, from the corresponding quarter of the previous year. Interest expense decreased due to a 7.2% decrease in average debt outstanding for the quarter and a 2.7% decrease in the effective interest rate from 8.6% to 8.3%. The average debt outstanding decreased from $491.6 million to $456.2 million, when comparing the quarters ended June 30, 2024 and 2025. The Company's debt to equity ratio increased to 1.1:1 at June 30, 2025, compared to 1.2:1 at June 30, 2024. As of June 30, 2025, the Company had $471.7 million of debt outstanding, net of unamortized debt issuance costs related to the unsecured senior notes payable. The Company repurchased and canceled $15.6 million of its previously issued bonds for a purchase price of $15.5 million during the first quarter of fiscal 2026. Other key return ratios for the first quarter of fiscal 2026 included a 7.7% return on average assets and a return on average equity of 19.0% (both on a trailing twelve-month basis). The Company repurchased 87,609 shares of its common stock at an aggregate purchase price of approximately $13.0 million during the first quarter of fiscal 2026. This is in addition to repurchases of 400,617 shares during fiscal 2025 at an aggregate purchase price of approximately $54.2 million. As of June 30, 2025, the Company had approximately $7.2 million in aggregate remaining repurchase capacity under the terms of its senior unsecured notes payable. The Company repurchased 295,201 shares during fiscal 2024 at an aggregate purchase price of approximately $36.2 million. The Company had approximately 5.2 million common shares outstanding, excluding 246,186 unvested restricted shares, as of June 30, 2025. About World Acceptance Corporation (World Finance) Founded in 1962, World Acceptance Corporation (NASDAQ: WRLD), is a people-focused finance company that provides personal installment loan solutions and personal tax preparation and filing services to over one million customers each year. Headquartered in Greenville, South Carolina, the Company operates more than 1,000 community-based World Finance branches across 16 states. The Company primarily serves a segment of the population that does not have ready access to credit; however, unlike many other lenders in this segment, we strive to work with our customers to understand their broader financial pictures, ensure they have the ability and stability to make payments, and help them achieve their financial goals. For more information, visit First quarter conference call The senior management of World Acceptance Corporation will be discussing these results in its quarterly conference call to be held at 10:00 a.m. Eastern Time today. A simulcast of the conference call will be available on the Internet at The call will be available for replay on the Internet for approximately 30 days. During the conference call, the Company may discuss and answer questions concerning business and financial developments and trends that have occurred after quarter-end. The Company's responses to questions, as well as other matters discussed during the conference call, may contain or constitute information that has not been disclosed previously. Cautionary Note Regarding Forward-looking Information This press release may contain various 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, that represent the Company's current expectations or beliefs concerning future events. Statements other than those of historical fact, as well as those identified by words such as 'anticipate,' 'estimate,' intend,' 'plan,' 'expect,' 'project,' 'believe,' 'may,' 'will,' 'should,' 'would,' 'could,' 'probable' and any variation of the foregoing and similar expressions are forward-looking statements. Such forward-looking statements are inherently subject to risks and uncertainties. The Company's actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause actual results or performance to differ from the expectations expressed or implied in such forward-looking statements include the following: recently enacted, proposed or future legislation and the manner in which it is implemented, including pursuant to policies of the new U.S. administration; changes in the U.S. tax code; the nature and scope of regulatory authority, particularly discretionary authority, that is or may be exercised by regulators, including, but not limited to, U.S. Consumer Financial Protection Bureau, and individual state regulators having jurisdiction over the Company; the unpredictable nature of regulatory examinations, proceedings and litigation; employee misconduct or misconduct by third parties; uncertainties associated with management turnover and the effective succession of senior management; media and public characterization of consumer installment loans; labor unrest; the impact of changes in accounting rules and regulations, or their interpretation or application, which could materially and adversely affect the Company's reported consolidated financial statements or necessitate material delays or changes in the issuance of the Company's audited consolidated financial statements; the Company's assessment of its internal control over financial reporting; changes in interest rates; the impact of inflation; risks relating to the acquisition or sale of assets or businesses or other strategic initiatives, including increased loan delinquencies or net charge-offs, the loss of key personnel, integration or migration issues, the failure to achieve anticipated synergies, increased costs of servicing, incomplete records, and retention of customers; risks inherent in making loans, including repayment risks and value of collateral; cybersecurity threats or incidents, including the potential or actual misappropriation of assets or sensitive information, corruption of data or operational disruption and the cost of the associated response thereto; our dependence on debt and the potential impact of limitations in the Company's amended revolving credit facility or other impacts on the Company's ability to borrow money on favorable terms, or at all; the timing and amount of revenues that may be recognized by the Company; changes in current revenue and expense trends (including trends affecting delinquency and charge-offs); the impact of extreme weather events and natural disasters; changes in the Company's markets and general changes in the economy (particularly in the markets served by the Company). These and other factors are discussed in greater detail in Part I, Item 1A,'Risk Factors' in the Company's most recent annual report on Form 10-K for the fiscal year ended March 31, 2025, as filed with the SEC and the Company's other reports filed with, or furnished to, the SEC from time to time. World Acceptance Corporation does not undertake any obligation to update any forward-looking statements it makes. The Company is also not responsible for updating the information contained in this press release beyond the publication date, or for changes made to this document by wire services or Internet services. (unaudited and in thousands) March 31, 2025 June 30, 2024 ASSETS Cash and cash equivalents $ 8,126 $ 9,730 $ 11,119 Gross loans receivable 1,264,341 1,225,636 1,274,819 Less: Unearned interest, insurance and fees (326,215 ) (309,320 ) (330,334 ) Allowance for credit losses (109,027 ) (103,347 ) (109,643 ) Loans receivable, net 829,099 812,969 834,842 Income taxes receivable 7,629 — 3,951 Operating lease right-of-use assets, net 74,572 76,235 80,866 Property and equipment, net 19,138 19,766 22,199 Deferred income taxes, net 29,127 33,291 32,425 Other assets, net 42,431 40,871 45,599 Goodwill 7,371 7,371 7,371 Intangible assets, net 6,564 7,394 10,064 Total assets $ 1,024,057 $ 1,007,627 $ 1,048,436 LIABILITIES & SHAREHOLDERS' EQUITY Liabilities: Senior notes payable $ 302,674 $ 262,451 $ 241,728 Senior unsecured notes payable, net 169,064 184,418 251,014 Income taxes payable — 223 — Operating lease liability 77,087 78,690 83,136 Accounts payable and accrued expenses 47,381 42,365 49,947 Total liabilities 596,206 568,147 625,825 Shareholders' equity 427,851 439,480 422,611 Total liabilities and shareholders' equity $ 1,024,057 $ 1,007,627 $ 1,048,436 Expand WORLD ACCEPTANCE CORPORATION AND SUBSIDIARIES (unaudited and in thousands, except percentages and branches) Three months ended June 30, 2025 2024 Gross loans receivable $ 1,264,341 $ 1,274,819 Average gross loans receivable (1) 1,239,483 1,270,677 Net loans receivable (2) 938,126 944,485 Average net loans receivable (3) 922,484 942,603 Expenses as a percentage of total revenue: Provision for credit losses 38.1 % 35.1 % General and administrative 53.1 % 47.4 % Interest expense 7.3 % 7.5 % Operating income as a % of total revenue (4) 8.7 % 17.5 % Loan volume (5) 751,502 682,197 Net charge-offs as percent of average net loans receivable on an annualized basis 19.4 % 16.4 % Return on average assets (trailing 12 months) 7.7 % 7.1 % Return on average equity (trailing 12 months) 19.0 % 18.9 % Branches opened or acquired (merged or closed), net (10 ) (1 ) Branches open (at period end) 1,014 1,047 Expand (1) Average gross loans receivable is determined by averaging month-end gross loans receivable over the indicated period, excluding tax advances. (2) Net loans receivable is defined as gross loans receivable less unearned interest and deferred fees. (3) Average net loans receivable is determined by averaging month-end gross loans receivable less unearned interest and deferred fees over the indicated period, excluding tax advances. (4) Operating income is computed as total revenues less provision for credit losses and general and administrative expenses. (5) Loan volume includes all loan balances originated by the Company. It does not include loans purchased through acquisitions. Expand
Business Wire
12 minutes ago
- Business Wire
PHINIA Reports Second Quarter 2025 Results
AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, today reported results for the second quarter ended June 30, 2025. Second Quarter Highlights: On June 10, 2025, PHINIA entered into a definitive agreement to acquire Swedish Electromagnet Invest AB (SEM), a prominent provider of advanced natural gas, hydrogen and other alternative fuel ignition systems, injector stators and linear position sensors for approximately $47 million. The transaction is expected to close in the third quarter of 2025. Net sales of $890 million, an increase of 2.5% compared with Q2 2024. Excluding the impacts of foreign currency and contract manufacturing agreements that ended in 2024, an increase of $18 million and decrease of $5 million, respectively, net sales increased $9 million or 1.0%, driven by customer pricing, primarily related to tariff recoveries. Net earnings of $46 million and net margin of 5.2%, representing a year-over-year increase of $32 million and 360 bps, respectively. Adjusted EBITDA of $126 million with adjusted EBITDA margin of 14.2%, representing a year-over-year increase of $9 million and 60 bps, respectively, primarily driven by favorable foreign exchange impacts, supplier savings and volume and mix, partially offset by increased employee costs and continued tariff impacts as recovery efforts from customers continue. Net earnings per diluted share of $1.14. Adjusted net earnings per diluted share of $1.27 (excluding $0.13 per diluted share related to non-operating items detailed in the non-GAAP appendix below), reflecting the operational increases detailed above and a reduction in share count. Returned $50 million to shareholders through $40 million of share repurchases and $10 million in dividends. Key Wins in Strategic Growth Markets: New business wins remained strong across all end markets. A few examples of new business awards in Q2 are: New business award for Gas Direct Injection (GDi) Fuel Rail Assembly and pump for a leading domestic Chinese OEM, to be applied on new hybrid engine platform for multiple vehicle models within China and for the Brazilian market flex-fuel (E100) application. First GDi pump business with a top three North America OEM. Aftermarket business win for new diesel fuel injection service with major off-road equipment supplier. Continued to increase share of wallet with customers leveraging market-leading range coverage in braking and suspension components. Business expansion with a major U.S. distributor, which is a consolidator in the warehouse distribution space. Brady Ericson, President and Chief Executive Officer of PHINIA commented: 'Our team continues to navigate a dynamic landscape shaped by economic uncertainties, tariff impacts, and evolving customer demands. As demonstrated by our second-quarter results, we remain focused on cost management and supply chain resilience. Delivering on our commitment to strategic growth, we announced a definitive agreement to acquire SEM, which will expand our footprint in the commercial vehicle, industrial, and aftermarket sectors and supports our strategy of exploring alternative, zero carbon and lower carbon fuels.' Balance Sheet and Cash Flow: The Company ended the quarter with cash and cash equivalents of $347 million and $499 million of available capacity under its Revolving Credit Facility. Total debt at quarter end was $990 million. Net cash generated by operating activities was $57 million, representing a year-over-year decrease of $52 million. Adjusted free cash flow was $20 million compared to $108 million in Q2 2024. The decrease was primarily driven by increased working capital demands as the Company navigates fluctuating volumes and other shifting industry conditions and the timing of capital expenditures. 2025 Full Year Guidance: The Company refined its expected 2025 net sales to $3.33 billion to $3.43 billion. Excluding the impacts of foreign exchange and contract manufacturing arrangements in 2024, this implies a year-over-year sales range of 3% decline to breakeven in 2025. The Company's net earnings and adjusted EBITDA are projected to be $140 million to $170 million and $455 million to $485 million, respectively, with net earnings margin of 4.2% to 5.0% and adjusted EBITDA margin of 13.7% to 14.1%. The Company expects to generate $160 million to $200 million in adjusted free cash flow. Adjusted tax rate is expected to be in the range of 36% to 40%. The Company will host a conference call to review second quarter 2025 results and take questions from the investment community at 8:30 a.m. ET today. This call will be webcast at PHINIA Q2 2025 Earnings Call. Additional presentation materials will be available at About PHINIA PHINIA is an independent, market-leading, premium solutions and components provider with over 100 years of manufacturing expertise and industry relationships, with a strong brand portfolio that includes DELPHI ®, DELCO REMY ® and HARTRIDGE™. With over 12,500 employees across 43 locations in 20 countries, PHINIA is headquartered in Auburn Hills, Michigan, USA. Across commercial vehicles and industrial applications (medium-duty and heavy-duty trucks, buses and other off-highway construction, marine, agricultural and aerospace and defense), light commercial vehicles (vans and trucks) and light passenger vehicles (passenger cars, mini-vans, cross-overs and sport-utility vehicles), we develop fuel systems, electrical systems and aftermarket solutions designed to keep combustion engines operating at peak performance, while at the same time investing in advanced technologies to unlock the potential of alternative fuels. By providing what the market needs today to become more efficient and sustainable, while also developing innovative products and solutions to contribute to lower carbon mobility, we are the partner of choice for a diverse array of customers – powering our shared journey toward a cleaner tomorrow. © 2025 PHINIA Inc. All Rights Reserved. (DELCO REMY is a registered trademark of General Motors LLC, licensed to PHINIA Technologies Inc.) Forward-Looking Statements: This press release contains forward-looking statements within the meaning of U.S. federal securities laws. Forward-looking statements are statements other than historical fact that provide current expectations or forecasts of future events based on certain assumptions and are not guarantees of future performance. Forward-looking statements use words such as 'anticipate,' 'believe,' 'continue,' 'could,' 'designed,' 'effect,' 'estimate,' 'evaluate,' 'expect,' 'forecast,' 'goal,' 'initiative,' 'intend,' 'likely,' 'may,' 'outlook,' 'plan,' 'potential,' 'predict,' 'project,' 'pursue,' 'seek,' 'should,' 'target,' 'when,' 'will,' 'would,' and other words of similar meaning. Forward-looking statements are subject to risks, uncertainties, and factors relating to our business and operations, all of which are difficult to predict and which could cause our actual results to differ materially from the expectations expressed in or implied by such forward-looking statements. Risks, uncertainties, and factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to: adverse changes in general business and economic conditions, including recessions, adverse market conditions or downturns impacting the vehicle and industrial equipment industries; our ability to deliver new products, services and technologies in response to changing consumer preferences, increased regulation of greenhouse gas emissions, and acceleration of the market for electric vehicles; competitive industry conditions; failure to identify, consummate, effectively integrate or realize the expected benefits from acquisitions or partnerships; pricing pressures from original equipment manufacturers (OEMs); inflation rates and volatility in the costs of commodities used in the production of our products; changes in U.S. and foreign administrative policy, including tariffs, changes to existing trade agreements and import or export licensing requirements, and any resulting changes in international trade relations; our ability to protect our intellectual property; failure of or disruption in our information technology infrastructure, including a disruption related to cybersecurity; our ability to identify, attract, retain and develop a qualified global workforce; difficulties launching new vehicle programs; failure to achieve the anticipated savings and benefits from restructuring and product portfolio optimization actions; extraordinary events, including natural disasters or extreme weather events, fires or similar catastrophic events, political disruptions, terrorist attacks, pandemics or other public health crises, and acts of war; risks related to our international operations; the impact of economic, political, social and market conditions on our business in China; our reliance on a limited number of OEM customers; supply chain disruptions, including due to U.S. and foreign government action; work stoppages, production shutdowns and similar events or conditions; governmental investigations and related proceedings regarding vehicle emissions standards, including the ongoing investigation into diesel defeat devices; current and future environmental, health and safety, human rights and other laws and regulations; the impacts of climate change, regulations related to climate change and various stakeholders' emphasis on climate change and other related matters; compliance with and changes in other laws and regulations; liabilities related to product warranties, litigation and other claims; tax audits and changes in tax laws or tax rates taken by taxing authorities; impairment charges on goodwill and indefinite-lived intangible assets; the impact of changes in interest rates and asset returns on our pension funding obligations; the impact of restrictive covenants and other requirements on our financial and operating flexibility pursuant to the agreements governing our indebtedness; risks relating to the spin-off from our former parent, including our ability to achieve some or all of the benefits that we expect to achieve from the spin-off, a determination that the spin-off does not qualify as tax-free for U.S. federal income tax purposes, and our or our former parent's failure to perform under, or additional disputes that may arise between the parties relating to, various transaction agreements executed in connection with the spin-off; and other risks and uncertainties described in our reports filed from time to time with the Securities and Exchange Commission. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date they are made. We undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. PHINIA Inc. Condensed Consolidated Statements of Cash Flows (Unaudited) (in millions) Three Months Ended June 30, Six Months Ended June 30, OPERATING Net cash provided by operating activities $ 57 $ 109 $ 97 $ 140 INVESTING Capital expenditures, including tooling outlays (34 ) (17 ) (69 ) (60 ) Proceeds from asset disposals and other, net 1 — 1 1 Net cash used in investing activities (33 ) (17 ) (68 ) (59 ) FINANCING Net decrease in notes payable — (75 ) — (75 ) Proceeds from issuance of long-term debt, net of discount — 525 — 525 Payments for debt issuance costs — (9 ) — (9 ) Repayments of debt, including current portion — (425 ) — (428 ) Dividends paid to PHINIA stockholders (10 ) (11 ) (21 ) (23 ) Payments for purchase of treasury stock, including excise tax (42 ) (90 ) (142 ) (113 ) Payments for stock-based compensation items — — (6 ) (3 ) Net cash used in financing activities (52 ) (85 ) (169 ) (126 ) Effect of exchange rate changes on cash 2 7 3 19 Net decrease in cash and cash equivalents (26 ) 14 (137 ) (26 ) Cash and cash equivalents at beginning of period 373 325 484 365 Cash and cash equivalents at end of period $ 347 $ 339 $ 347 $ 339 Expand Use of Non-GAAP Financial Measures This press release contains information about PHINIA's financial results that is not presented in accordance with accounting principles generally accepted in the United States (GAAP). Such non-GAAP financial measures are reconciled to their most directly comparable GAAP financial measures below. The reconciliations include all information reasonably available to the Company at the date of this press release and the adjustments that management can reasonably predict. Management believes that these non-GAAP financial measures are useful to management, investors, and banking institutions in their analysis of the Company's business and operating performance. Management also uses this information for operational planning and decision-making purposes. Non-GAAP financial measures are not and should not be considered a substitute for any GAAP measure. Additionally, because not all companies use identical calculations, the non-GAAP financial measures as presented by PHINIA may not be comparable to similarly titled measures reported by other companies. A reconciliation of each of projected Adjusted EBITDA, Adjusted EBITDA Margin and Adjusted Free Cash Flow, which are forward-looking non-GAAP financial measures, to the most directly comparable GAAP financial measure, is not provided because the Company is unable to provide such reconciliation without unreasonable effort. The inability to provide each reconciliation is due to the unpredictability of the amounts and timing of events affecting the items we exclude from the non-GAAP measure. Adjusted EBITDA and Adjusted EBITDA Margin The Company defines adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) as net earnings less interest, taxes, depreciation and amortization, adjusted to exclude the impact of restructuring expense, transaction-related (benefits) costs, other postretirement income and expense, equity in affiliates' earnings, net of tax, impairment charges, other net expenses, and other gains and losses not reflective of our ongoing operations. Adjusted EBITDA margin is defined as adjusted EBITDA divided by adjusted sales. Management utilizes adjusted EBITDA and adjusted EBITDA margin in its financial decision-making process and to evaluate performance of the Company's consolidated results. Management also believes adjusted EBITDA and adjusted EBITDA margin are useful to investors in assessing the Company's ongoing consolidated financial performance, as they provide improved comparability between periods through the exclusion of certain items that management believes are not indicative of the Company's core operating performance. Adjusted Sales The Company defines adjusted sales as net sales adjusted to exclude certain agreements with our former parent that were entered into in connection with the spin-off. Management believes that adjusted sales is useful to investors, as it provides improved comparability between periods through the exclusion of certain temporary agreements with our former parent that are not indicative of the Company's ongoing operations. Adjusted Net Earnings and Adjusted Net Earnings Per Diluted Share The Company defines adjusted net earnings and adjusted net earnings per diluted share as net earnings and net earnings per share, each adjusted to exclude: (i) the tax-effected impact of restructuring expense, transaction-related (benefits) costs, impairment charges and other gains, losses and tax effects and adjustments not reflective of the Company's ongoing operations; and (ii) acquisition-related intangibles amortization expense because it pertains to non-cash expenses that the Company does not use to evaluate core operating performance. Management believes that adjusted net earnings and adjusted net earnings per diluted share are useful to investors in assessing the Company's ongoing financial performance, as they provide improved comparability between periods through the exclusion of certain items that management believes are not indicative of the Company's core operating performance. Adjusted Free Cash Flow The Company defines adjusted free cash flow as net cash provided by operating activities after adding back adjustments related to the ongoing effects of separation-related transactions, less capital expenditures, including tooling outlays. Management believes that adjusted free cash flow is useful to investors in assessing the Company's ability to service and repay its debt and return capital to shareholders. Further, management uses this non-GAAP measure for planning and forecasting purposes. Adjusted EBITDA and EBITDA Margin (Unaudited) (in millions) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Net earnings $ 46 $ 14 $ 72 $ 43 Depreciation and tooling amortization 32 33 62 67 Interest expense 21 39 40 61 Provision for income taxes 29 23 53 50 Amortization of acquisition-related intangibles 7 7 14 14 Interest income (4 ) (4 ) (8 ) (8 ) EBITDA 131 112 233 227 Restructuring expense 2 3 7 5 Transaction-related (benefits) costs 1 (4 ) 3 (5 ) 20 Other postretirement expense, net 1 1 2 1 Equity in affiliates' earnings, net of tax (4 ) (2 ) (8 ) (5 ) Adjusted EBITDA $ 126 $ 117 $ 229 $ 248 Adjusted sales $ 890 $ 863 $ 1,686 $ 1,709 Adjusted EBITDA margin % 14.2 % 13.6 % 13.6 % 14.5 % Expand Net Earnings to Adjusted Net Earnings (Unaudited) (in millions) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Net earnings $ 46 $ 14 $ 72 $ 43 Amortization of acquisition-related intangibles 7 7 14 14 Restructuring expense 2 3 7 5 Transaction-related (benefits) costs 1 (4 ) 3 (5 ) 20 Loss on extinguishment of debt — 20 — 20 Tax effects and adjustments — (7 ) 2 (11 ) Adjusted net earnings $ 51 $ 40 $ 90 $ 91 Expand Adjusted Net Earnings Per Diluted Share (Unaudited) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Net earnings per diluted share $ 1.14 $ 0.31 $ 1.76 $ 0.93 Amortization of acquisition-related intangibles 0.18 0.15 0.35 0.30 Restructuring expense 0.05 0.07 0.17 0.11 Transaction-related (benefits) costs 1 (0.10 ) 0.06 (0.12 ) 0.43 Loss on extinguishment of debt — 0.44 — 0.44 Tax effects and adjustments — (0.15 ) 0.05 (0.23 ) Adjusted net earnings per diluted share $ 1.27 $ 0.88 $ 2.21 $ 1.98 Expand Adjusted Free Cash Flow (Unaudited) (in millions) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Net cash provided by operating activities $ 57 $ 109 $ 97 $ 140 Capital expenditures, including tooling outlays (34 ) (17 ) (69 ) (60 ) Effects of separation-related transactions (3 ) 16 (11 ) 41 Adjusted free cash flow $ 20 $ 108 $ 17 $ 121 _________________________ 1 Transaction-related (benefits) costs primarily relate to professional fees and other costs associated with acquisitions and divestitures, adjustments related to the Tax Matters Agreement between the Company and its former parent, and professional fees and other costs associated with the spin-off of the Company from its former parent, including the management of certain historical liabilities allocated to the Company in connection with the spin-off. Expand
Business Wire
12 minutes ago
- Business Wire
DocGo to Announce Second Quarter 2025 Results on Thursday, August 7, 2025
NEW YORK--(BUSINESS WIRE)-- DocGo Inc. (Nasdaq: DCGO) ('DocGo' or the 'Company'), a leading provider of technology-enabled mobile health and medical transportation services, announced today that the Company will release its financial results for the second quarter ended June 30, 2025 after the markets close on Thursday, August 7, 2025. Management will also host a conference call to discuss these results at 5:00 p.m. ET on that day. Conference call and webcast details: Thursday, August 7, 2025 5:00 p.m. ET 1-800-717-1738 (U.S.) 1-646-307-1865 (international) Conference ID: 75731 To access the Call me™ feature, which avoids the need to wait for an operator, click here. A webcast of the conference call can be accessed under Events on the Investors section of the Company's website at About DocGo DocGo is leading the proactive healthcare revolution with an innovative care delivery platform that includes mobile health services, remote patient monitoring and medical transport solutions. DocGo is helping to reshape the traditional four-wall healthcare system by providing high quality, highly accessible care to patients where and when they need it. DocGo's proprietary technology and relationships with a dedicated field staff of certified health professionals elevate the quality of patient care and drive business efficiencies for facilities, hospital networks and health insurance providers. With Mobile Health, DocGo empowers the full promise and potential of telehealth by facilitating healthcare treatment, in tandem with a remote physician, in the comfort of a patient's home or workplace. Together with DocGo's integrated Ambulnz medical transport services, DocGo is bridging the gap between physical and virtual care. For more information, please visit To get an inside look on how the proactive healthcare revolution is helping transform healthcare by reducing costs, increasing efficiency and improving outcomes, visit
