Unknown Analyst
All right. So let’s get on with. Brady Ericson, President and CEO of PHINIA and Chris Gropp, Vice President and Chief Financial Officer. We have Kellen in the audience as well here, Kellen Ferris, Vice President of IR. Thanks for joining us. We are delighted to have you talk about PHINIA’s outlook for growth and market development, capital allocation strategy, simple stuff.
I can tell you, being a kind of a retired an auto analyst, there’s a lot of suppliers that would like to trade places with you in terms of your portfolio and your balance sheet. Not that it’s an easy job, of course, but that the opportunities that you have to continue to improve the business and work on that multiple as well, which it quite good progress so far. I know you’re not satisfied yet. We’d love to trade places with you.
And one of the really interesting things that we’ve been talking about with Brady and Chris that may not seem so obvious, is why is it covered by auto analysts. Auto as an end market is 27% of your total revenues and I suspect, falling over time, not rising over time. You’re not burdened with the R&D and operational and execution burdens of the electric vehicle portfolio. Aftermarket is thriving, and we’ll get into that as well as to how much duration there is behind that. But really happy to get into some of these topics with you.
But Brady and/or Chris, any opening comments or messages beyond what I stated
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