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Phinia PHIN Restructuring Reserve

Restructuring Reserve at other companies

Innospec logo
InnospecIOSP
$60.8M+6.3%
Cooper-Standard Automotive logo
Cooper-Standard AutomotiveCPS
$32.93M+160%

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+33.8%
Enterprise value$3.44B+25.1%
P/E20.3×+1.3×
P/S0.8×+0.1×

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:RestructuringReserveNoncurrent.

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)Employee termination benefitsOtherTotal
Balance at January 1, 2026$5$1$6
Restructuring expense, net3811
Cash payments(5)(6)(11)
Balance at June 30, 2026336
Less: Non-current restructuring liability1—1
Current restructuring liability at June 30, 2026$2$3$5

Item 1. Financial Statements

FAQ

What is Phinia's restructuring reserve?
Phinia (PHIN) reported restructuring reserve of $1M in Q2 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.

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