What is Phinia's fuel systems — restructuring expense, net?

Phinia (PHIN) reported fuel systems — restructuring expense, net of $3M in Q1 2026.

How has Phinia's fuel systems — restructuring expense, net changed year-over-year?

Phinia's fuel systems — restructuring expense, net decreased by 40.0% year-over-year, from $5M to $3M.

What does fuel systems — restructuring expense, net mean?

Captures the net costs associated with organizational realignments, facility consolidations, or workforce adjustments within the fuel systems business unit. Monitoring this helps investors assess the impact of operational efficiency initiatives on short-term profitability.

Phinia PHIN Fuel Systems — Restructuring expense, net

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NGVTRestructuring and other (income) charges, net

$8.3M-32.5%

Other financials

Income statement

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Revenue$878.0M+10.3%

Gross profit$188.0M+9.3%

Operating income$69.0M+11.3%

Net income$37.0M+42.3%

EPS (diluted)$0.96+52.4%

Balance sheet

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Cash & equivalents$328.0M-12.1%

Total debt$1.0B-0.4%

Total equity$1.5B+0.8%

Total assets$3.8B+1.4%

Cash flow

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Operating cash flow$53.0M+32.5%

CapEx$32.0M-8.6%

Free cash flow$21.0M+320%

Valuation

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Market cap$2.98B+49.8%

Enterprise value$3.69B+37.6%

P/E21.1×-5.0×

P/S0.8×+0.2×

Profitability

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Gross margin21.8%-0.2pp

Operating margin7.3%-0.2pp

Net margin4%+1.7pp

FCF margin5.7%-0.9pp

Returns & leverage

See full

Return on equity9.1%+4.7pp

Debt / equity0.7×0.0×

Current ratio1.8×0.0×

Where this comes from

Reported directly by Phinia in its filing.

Tagged under the XBRL concept us-gaap:RestructuringCharges.

The official record: Phinia’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Phinia's fuel systems — restructuring expense, net?: Phinia (PHIN) reported fuel systems — restructuring expense, net of $3M in Q1 2026.
How has Phinia's fuel systems — restructuring expense, net changed year-over-year?: Phinia's fuel systems — restructuring expense, net decreased by 40.0% year-over-year, from $5M to $3M.
What does fuel systems — restructuring expense, net mean?: Captures the net costs associated with organizational realignments, facility consolidations, or workforce adjustments within the fuel systems business unit. Monitoring this helps investors assess the impact of operational efficiency initiatives on short-term profitability.