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Phinia PHIN Restructuring Charges
Restructuring Charges at other companies
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Where this comes from
Reported directly by Phinia in its filing.
Tagged under the XBRL concept us-gaap:RestructuringCosts.
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
| (in millions, except per share amounts) | Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 |
|---|---|---|---|---|
| Cost of sales | 724 | 693 | 1,414 | 1,317 |
| Gross profit | 216 | 197 | 404 | 369 |
| Selling, general and administrative expenses | 128 | 112 | 243 | 219 |
| Restructuring expense | 8 | 2 | 11 | 7 |
| Other operating (income) expense, net | — | (6) | 1 | (8) |
| Operating income | 80 | 89 | 149 | 151 |
| Equity in affiliates’ earnings, net of tax | (4) | (4) | (9) | (8) |
| Interest income | (2) | (4) | (4) | (8) |
Item 1. Financial Statements
FAQ
- What is Phinia's restructuring charges?
- Phinia (PHIN) reported restructuring charges of $8M in Q2 2026.
- How has Phinia's restructuring charges changed year-over-year?
- Phinia's restructuring charges increased by 300.0% year-over-year, from $2M to $8M.
- What is the long-term trend for Phinia's restructuring charges?
- Over 3 years (2021 to 2025), Phinia's restructuring charges has grown at a -32.4% compound annual growth rate (CAGR), from $55M to $17M.
- What does restructuring charges mean?
- One-time costs from reorganizing operations, including employee severance, facility closure costs, contract termination fees, and asset relocation expenses.
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