Adient Stock Price, News & Analysis

Adient (NYSE: ADNT), a global leader in automotive seating, has announced it will host a conference call on May 7, 2025, at 8:30 a.m. (ET) to discuss its second quarter fiscal 2025 financial results. The company will provide access to the live webcast and presentation materials through the Adient Investor Relations website.

Investors can participate via telephone by dialing 888-566-1827 (U.S.) or 773-799-3976 (international) 15 minutes before the call start time using the conference passcode 'ADIENT'. A replay of the call will be available on the investor relations website.

ITT Inc. (NYSE: ITT) has nominated Douglas DelGrosso to its Board of Directors, with the election scheduled for May 21, 2025, subject to shareholder approval at the annual meeting. DelGrosso, who recently retired as president and CEO of Adient plc in December 2023, brings extensive global operations experience from his leadership roles in automotive and manufacturing sectors.

DelGrosso's career includes serving as president and COO of Chassix Inc. (2016-2018) and as president and CEO of Henniges Automotive (2012-2015). He currently serves on the Board of Directors of Cabot and two private companies: Pangea and Accuride Upon election, DelGrosso will be appointed to ITT's Nominating and Governance Committee.

Adient (NYSE: ADNT) has announced the pricing of a private offering of $795 million in 7.50% senior unsecured notes due 2033, issued by its subsidiary Adient Global Holdings The notes will be issued at par value, with the offering expected to close on February 3, 2025.

The company plans to use the net proceeds, along with cash on hand, to redeem its existing 4.875% senior unsecured notes due 2026 and cover associated fees and expenses. The offering is restricted to qualified institutional buyers under Rule 144A and non-U.S. persons outside the United States under Regulation S of the Securities Act.

Adient (NYSE: ADNT), a global automotive seating leader, announced its subsidiary Adient Global Holdings plans to offer $795 million in senior unsecured notes due 2033. The company intends to use the proceeds, along with cash on hand, to redeem its existing 4.875% senior unsecured notes due 2026 and cover related fees and expenses.

The notes offering will be conducted through private transactions, available only to qualified institutional buyers under Rule 144A of the Securities Act and non-U.S. persons outside the United States under Regulation S. The notes and related guarantees will not be registered under the Securities Act or any state securities laws.

Adient (NYSE: ADNT), a global automotive seating leader, has released its 2024 Sustainability Report, highlighting significant environmental, social, and governance achievements. The company reported a 38% reduction in global scope 1 and 2 greenhouse gas emissions compared to 2019, targeting 75% reduction by 2030. 29% of their global electricity consumption now comes from renewable sources.

Environmental initiatives included completing over 1,500 improvement projects, saving 7,391 metric tons of CO2e, 53,669 cubic meters of water, and 62 million kWh of energy. In social responsibility, 98% of manufacturing sites are ISO 45001 certified, and the company has spent over $9.6 billion with diverse suppliers since 2016.

The report features third-party verified data on key sustainability metrics and highlights a 99% compliance rate with the company's Ethics Policy among global salaried workforce. Adient also implemented a Global Comprehensive Supplier Scorecard and established a supplier Center of Excellence to enhance compliance and risk management.

Adient (NYSE: ADNT) has released its Q1 2025 financial results, reporting GAAP net income and EPS diluted of $0M and $0.00 respectively, with Adjusted-EPS diluted of $0.27. The company achieved Adjusted-EBITDA of $196M, aligning with expectations for lower customer production in the quarter.

The automotive seating leader's financial position shows gross debt of ~$2.4B and net debt of ~$1.5B, with cash and cash equivalents standing at $860M as of December 31, 2024. During the quarter, Adient executed $25M in share repurchases, buying back approximately 1.2M shares.

The company has updated its FY25 outlook, maintaining the lower end of Adjusted-EBITDA guidance range due to reduced sales guidance, influenced by foreign exchange impacts and decreased customer volume in EMEA and China regions.

Adient (NYSE: ADNT), a global automotive seating leader, has scheduled a conference call for January 28, 2025, at 8:00 a.m. (ET) to discuss its first quarter fiscal 2025 financial results. The company will provide a live webcast and presentation materials through its Investor Relations website.

Participants can join via telephone by dialing 888-566-1827 (U.S.) or 773-799-3976 (international) using the conference passcode ADIENT. The call details should be accessed 15 minutes before the start time.

Adient operates with over 70,000 employees across 29 countries and manages more than 200 manufacturing/assembly plants worldwide. The company specializes in complete seating systems and individual components for major automotive OEMs, handling the entire seat-making process from research and design to manufacturing.

Adient, Jaguar Land Rover (JLR), and Dow have collaborated to create an industry-first closed-loop recycled seat foam for luxury vehicles. The innovative process involves collecting 'post-consumer' polyurethane (PU) foams from end-of-life vehicles, which are processed into new circular polyol and integrated into Adient's seating formulas. The resulting Front Seat Cushion prototypes currently contain 20% re-polyol from recycled vehicles. The project aims to reduce environmental impact and advance circular economy in automotive manufacturing. Production scale testing with JLR is scheduled for early 2025.

Adient (NYSE: ADNT) reported its Q4 2024 financial results, posting GAAP net income of $79M and EPS of $0.91. Q4 Adjusted-EBITDA remained flat year-over-year at $235M, with margin improving 30bps to 6.6%. The company ended FY2024 with $945M in cash and cash equivalents, gross debt of $2.4B, and net debt of $1.5B. Throughout FY2024, Adient generated $277M in free cash flow, returned $275M to shareholders through share repurchases, and reduced debt by approximately $130M. For FY2025, the company projects flat adjusted-EBITDA with business performance expected to offset lower volumes.