What is Phinia's aftermarket — translation adjustment?

Phinia (PHIN) reported aftermarket — translation adjustment of $2M in Q1 2026.

How has Phinia's aftermarket — translation adjustment changed year-over-year?

Phinia's aftermarket — translation adjustment decreased by 80.0% year-over-year, from $10M to $2M.

What does aftermarket — translation adjustment mean?

Captures the impact of foreign currency exchange rate fluctuations on the financial results of the aftermarket segment's international operations. This metric isolates the effect of currency volatility from underlying operational performance when consolidating global financial statements.

Phinia (PHIN) Aftermarket — Translation adjustment

Screener

Other segment segments

Fuel Systems

-$1M-133%

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Other financials

Income statement

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Revenue$940.0M+5.6%

Gross profit$216.0M+9.6%

Operating income$80.0M-10.1%

Net income$40.0M-13.0%

EPS (diluted)$1.05-7.9%

Balance sheet

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Cash & equivalents$370.0M+6.6%

Total debt$1.1B+1.8%

Total equity$1.5B-5.3%

Total assets$3.8B-1.3%

Cash flow

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Operating cash flow$91.0M+59.6%

CapEx$22.0M-35.3%

Free cash flow$69.0M+200%

Valuation

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Market cap$2.74B+39.4%

Enterprise value$3.44B+28.9%

P/E20.3×+2.1×

P/S0.8×+0.2×

Profitability

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Gross margin22%-0.1pp

Operating margin7%-1.0pp

Net margin3.7%+0.5pp

FCF margin6.9%+2.4pp

Returns & leverage

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Return on equity8.5%+2.1pp

Debt / equity0.7×0.0×

Current ratio1.8×-0.1×

Where this comes from

Reported directly by Phinia in its filing.

Tagged under the XBRL concept us-gaap:GoodwillForeignCurrencyTranslationGainLoss.

The source filing: Phinia’s 10-Q, filed April 30, 2026.

Filed: Apr 30, 2026, 11:40 AM EDT
Fiscal quarter: Q1 FY2026
Calendar quarter: Q1 2026
Accession: 0001968915-26-000070

(in millions)	Fuel Systems	Aftermarket	Total
Gross goodwill balance, December 31, 2025	$71	$551	$622
Accumulated impairment losses	—	(113)	(113)
Net goodwill balance, December 31, 2025	$71	$438	$509
Goodwill during the period:
Translation adjustment	(1)	2	1
Net goodwill balance, March 31, 2026	$70	$440	$510

Item 1. Financial Statements

FAQ

What is Phinia's aftermarket — translation adjustment?: Phinia (PHIN) reported aftermarket — translation adjustment of $2M in Q1 2026.
How has Phinia's aftermarket — translation adjustment changed year-over-year?: Phinia's aftermarket — translation adjustment decreased by 80.0% year-over-year, from $10M to $2M.
What does aftermarket — translation adjustment mean?: Captures the impact of foreign currency exchange rate fluctuations on the financial results of the aftermarket segment's international operations. This metric isolates the effect of currency volatility from underlying operational performance when consolidating global financial statements.