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Phinia PHIN Fuel Systems — Restructuring expense, net

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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:RestructuringCharges.

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

Filed
Jul 30, 2026, 10:52 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001968915-26-000111

During the three months ended June 30, 2026 and 2025, the Company recorded $8 million and $2 million, respectively, of restructuring costs for individually approved restructuring actions that primarily related to aligning its legacy infrastructure with current business needs and reductions in headcount in the Fuel Systems segment.

Item 1. Financial Statements

FAQ

What is Phinia's fuel systems — restructuring expense, net?
Phinia (PHIN) reported fuel systems — restructuring expense, net of $8M in Q2 2026.
How has Phinia's fuel systems — restructuring expense, net changed year-over-year?
Phinia's fuel systems — restructuring expense, net increased by 300.0% year-over-year, from $2M to $8M.
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.

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