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WEC Energy Group WEC Restructuring Reserve Accrual Adjustment

Restructuring Reserve Accrual Adjustment at other companies

WEC Energy Group logo
WEC Energy GroupWEC
-$975K
Identive logo
IdentiveINVE
$0-100%
Charles River Laboratories logo
Charles River LaboratoriesCRL
-$13.47M+39.2%
Adient logo
AdientADNT
-$3M-250%
Chevron logo
ChevronCVX
-$88M-3,033%
Cimpress PLC logo
Cimpress PLCCMPR
$128K

Other financials

Income statement

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Revenue$2.1B+2.6%
Gross profit$1.5B+4.7%
Operating income$432.8M+6.9%
Net income$299.2M+23.1%
EPS (diluted)$0.91+19.7%

Balance sheet

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Cash & equivalents$50.0M-27.7%
Total debt$21.6B+18.0%
Total equity$14.1B+3.4%
Total assets$52.8B+8.7%

Cash flow

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Operating cash flow$992.3M+16.3%
CapEx$1.3B+52.2%
Free cash flow-$269.7M-1,228%

Valuation

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Market cap$35.07B-0.6%
Enterprise value$56.59B+5.7%
P/E20.7×-0.5×
P/S3.5×-0.3×

Profitability

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Gross margin65.7%-2.1pp
Operating margin22.8%-2.1pp
Net margin16.7%-1.1pp
FCF margin-13.5%

Returns & leverage

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Return on equity12.2%-0.6pp
Debt / equity1.5×+0.2×
Current ratio0.5×0.0×

FAQ

What does restructuring reserve accrual adjustment mean?
This represents adjustments made to the previously established reserve for restructuring costs, reflecting changes in the estimated costs of planned organizational changes. If the actual costs of restructuring are lower than initially estimated, the reserve is adjusted downward, resulting in a credit to earnings. This metric highlights the accuracy of management's initial restructuring cost projections.