What is Phinia's fuel systems — translation adjustment?

Phinia (PHIN) reported fuel systems — translation adjustment of -$1M in Q1 2026.

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

Phinia's fuel systems — translation adjustment decreased by 133.3% year-over-year, from $3M to -$1M.

What does fuel systems — translation adjustment mean?

Captures the impact of foreign currency exchange rate fluctuations on the financial results of the fuel systems segment's international operations. This metric highlights the segment's exposure to global currency volatility and its effect on reported segment performance.

Phinia (PHIN) Fuel Systems — Translation adjustment

Screener

Other segment segments

Aftermarket

$2M-80.0%

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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 fuel systems — translation adjustment?: Phinia (PHIN) reported fuel systems — translation adjustment of -$1M in Q1 2026.
How has Phinia's fuel systems — translation adjustment changed year-over-year?: Phinia's fuel systems — translation adjustment decreased by 133.3% year-over-year, from $3M to -$1M.
What does fuel systems — translation adjustment mean?: Captures the impact of foreign currency exchange rate fluctuations on the financial results of the fuel systems segment's international operations. This metric highlights the segment's exposure to global currency volatility and its effect on reported segment performance.