What is Phinia's restructuring reserve?

Phinia (PHIN) reported restructuring reserve of $1M in Q1 2026.

How has Phinia's restructuring reserve changed year-over-year?

Phinia's restructuring reserve decreased by 0.0% year-over-year, from $1M to $1M.

What does restructuring reserve mean?

This represents the estimated liability for costs associated with formal restructuring plans, such as severance, facility closures, or asset impairments. It reflects management's commitment to operational efficiency and strategic realignment. These reserves are drawn down as the restructuring activities are executed.

Phinia PHIN Restructuring Reserve

Restructuring Reserve at other companies

BorgWarnerBWA

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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

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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:RestructuringReserveNoncurrent.

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 restructuring reserve?: Phinia (PHIN) reported restructuring reserve of $1M in Q1 2026.
How has Phinia's restructuring reserve changed year-over-year?: Phinia's restructuring reserve decreased by 0.0% year-over-year, from $1M to $1M.
What does restructuring reserve mean?: This represents the estimated liability for costs associated with formal restructuring plans, such as severance, facility closures, or asset impairments. It reflects management's commitment to operational efficiency and strategic realignment. These reserves are drawn down as the restructuring activities are executed.