Adient reports fourth quarter and full-year 2026 results, including full-year FCF of $222M

Full-year free cash flow reached $222M, while share repurchases represented approximately 6% of shares outstanding at the fiscal year's start.

Rhea-AI Summary

Adient (NYSE: ADNT) reported a fourth-quarter 2026 GAAP net loss of $47M and issued its fiscal 2027 outlook. Diluted loss per share was $0.62, versus adjusted diluted earnings per share of $0.52 on adjusted net income of $40M. Adjusted EBITDA was $229M, with a 6.1% margin.

Fiscal 2026 free cash flow was $222M, and share repurchases totaled $100M, including $45M in the fourth quarter. Adient paid down $35M of notes and refinanced 7% senior secured notes through a $500M Term Loan B add-on. At September 30, 2026, gross debt was approximately $2.4B, net debt approximately $1.5B, and cash $886M. For fiscal 2027, the company expects modest improvement in adjusted EBITDA, a measure of operating earnings, and margin expansion despite slightly lower revenue.

6 points · 0 major

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

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1 major · 4 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointFiscal 2026 free cash flow of $222M generated cash after capital spending.
• Moderate pointQ4 adjusted net income of $40M represented adjusted diluted earnings per share of $0.52.
• Moderate pointQ4 adjusted EBITDA of $229M carried a 6.1% margin.
• Moderate pointFiscal 2026 $100M in share repurchases represented ~6% of beginning-year shares; Q4 repurchases totaled $45M, retiring ~2.3M shares. 7.7% of market cap
• Moderate point. Forward-looking: it has not happened yet and may not happen.Fiscal 2027 outlook anticipates modest adjusted EBITDA improvement and margin expansion.
• Minor point$35M of notes paid down during the quarter reduced debt.

Negative

• Major point$500M Term Loan B add-on refinanced 7% senior secured notes, replacing existing borrowing. 38% of market cap
• Moderate pointQ4 GAAP net loss of $47M resulted in a diluted loss per share of $0.62.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Fiscal 2027 outlook anticipates slightly lower revenue.
• Minor pointGross debt of ~$2.4B and net debt of ~$1.5B remained at September 30, 2026, alongside $886M cash.

Key Figures

Q4 GAAP net loss: ($47M) Q4 diluted EPS: ($0.62) Adjusted net income: $40M +5 more

Q4 GAAP net loss

($47M)

Q4 2026

Q4 diluted EPS

($0.62)

Q4 2026 GAAP

Adjusted net income

$40M

Q4 2026

Adjusted diluted EPS

$0.52

Q4 2026

Adjusted EBITDA

$229M

Q4 2026

Free cash flow

$222M

FY 2026

Share repurchases

$100M

FY 2026; representing ~6% of shares outstanding at the beginning of the fiscal year

Term Loan B add-on

$500M

Refinanced 7% senior secured notes during Q4

Historical Context

1 past event · Latest: Aug 05

1 event

1. Aug 05

   Q3 earnings report

   24h Move

   -3.0%

   Reported Q3 adjusted EBITDA of $225 million and reaffirmed the FY26 earnings and free cash flow outlook.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

gaap, adj.-ebitda, fcf, term loan b, +1 more

5 terms

gaap financial

"Q4 GAAP net loss and EPS diluted of ($47M) and ($0.62)"

GAAP, or Generally Accepted Accounting Principles, are a set of standardized rules and guidelines that companies follow when preparing their financial statements. They ensure consistency, transparency, and comparability across different companies, making it easier for investors to understand and compare financial information accurately. This helps investors make informed decisions based on trustworthy and uniform financial reports.

View in glossary

adj.-ebitda financial

"Q4 Adj.-EBITDA of $229M"

Adjusted EBITDA is a company’s operating profit measure that starts with earnings before interest, taxes, depreciation and amortization (EBITDA) and then removes one-time, unusual or non-cash items to show recurring cash earnings. Think of it like cleaning a photo by removing temporary marks so you can better see the steady picture; investors use it to compare underlying business performance and cash-generating ability, but must check what items were removed because adjustments can vary widely.

fcf financial

"Adient generated $222M of FCF"

Free cash flow (FCF) is the cash a company produces from running its business after paying for the investments needed to keep or grow operations, like new equipment or facilities. For investors, FCF is like the household money left after paying bills and replacing a broken car: it shows how much cash a company truly has available to pay dividends, buy back shares, pay down debt or fund new projects, so steady or rising FCF generally signals greater financial strength and flexibility.

term loan b financial

"through a $500M add-on to its Term Loan B"

A Term Loan B (TLB) is a large, syndicated loan made to a company that is typically sold to institutional investors rather than held by banks; think of it as a long-term mortgage from a group of investors with higher interest and smaller early payments. It matters to investors because it changes a company’s debt cost, repayment schedule and credit risk—factors that affect profit, cash flow and the market value of both the company’s equity and its traded debt.

senior secured notes financial

"refinanced 7% senior secured notes"

Senior secured notes are loans a company sells to investors that are backed by specific assets and given first priority for repayment if the company defaults. Because they have a claim on collateral and are paid before other debts, they usually offer lower risk and correspondingly lower interest than unsecured debt; investors use them to judge how safe repayment and recovery of principal might be, like holding a mortgage instead of an unsecured credit card balance.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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PLYMOUTH, Mich., Nov. 4, 2026 /PRNewswire/ -- Adient (NYSE: ADNT), a global leader in automotive seating, today announced its fourth quarter 2026 financial results and provided FY 2027 outlook.

• Q4 GAAP net loss and EPS diluted of ($47M) and ($0.62), respectively; Q4 Adj. net income of $40M and Adj.-EPS diluted of $0.52, respectively
• Q4 Adj.-EBITDA of $229M; Adj.-EBITDA margin of 6.1%
• For the full year FY 2026, Adient generated $222M of FCF and returned $100M to shareholders via share repurchases, representing ~6% of shares outstanding at beginning of the fiscal year
• The company repurchased $45M of its shares in the quarter, retiring an additional ~2.3M shares
• The company paid down $35M of notes and refinanced 7% senior secured notes through a $500M add-on to its Term Loan B, further strengthening its balance sheet during the quarter
• Gross debt and net debt totaled ~$2.4B and ~$1.5B, respectively, at September 30, 2026; cash and cash equivalents of $886M at September 30, 2026
• Looking ahead to FY 2027, positive business performance expected to drive modest Adj.-EBITDA improvement and margin expansion despite slightly lower revenue

For complete details and to see reconciliations of non-GAAP measures to their most directly comparable GAAP measures, visit the events section of the Adient investor website at https://investors.adient.com/events-and-presentations/events to download the full press release and earnings presentation.

Investor analyst conference call:
Adient's president and chief executive officer, Jerome Dorlack, and executive vice president and chief financial officer, Mark Oswald, will host a conference call today at 8:30 a.m. Eastern to discuss the results. To participate by telephone, please dial 888-790-3145 (U.S.) or 630-395-0443 (international) 15 minutes prior to the start time of the call and ask to be connected to the Adient conference call. The conference passcode is ADIENT.

About Adient:
Adient (NYSE: ADNT) is a global leader in automotive seating. With more than 65,000 employees in 27 countries, Adient operates ~190 manufacturing/assembly plants worldwide. We produce and deliver automotive seating for all major OEMs. From complete seating systems to individual components, our expertise spans every step of the automotive seat-making process. We take our products from research and design to engineering and manufacturing — and into millions of vehicles every year. For more information, please visit www.adient.com.

Cautionary Statement Regarding Forward-Looking Statements:
Adient has made statements in this document that are forward-looking and, therefore, are subject to risks and uncertainties. All statements in this document other than statements of historical fact are statements that are, or could be, deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. In this document, statements regarding Adient's expectations for its deleveraging activities, the timing, benefits and outcomes of those activities, as well as its future financial position, sales, costs, earnings, cash flows, other measures of results of operations, capital expenditures or debt levels and plans, objectives, market position, outlook, targets, guidance or goals are forward-looking statements. Words such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "should," "forecast," "project" or "plan" or terms of similar meaning are also generally intended to identify forward-looking statements. Adient cautions that these statements are subject to numerous important risks, uncertainties, assumptions and other factors, some of which are beyond Adient's control, that could cause Adient's actual results to differ materially from those expressed or implied by such forward-looking statements, including, among others, risks related to: the effects of local and national economic, credit and capital market conditions (including the persistence of high interest rates, vehicle affordability and volatile currency exchange rates) on the global economy, increased competitive pressures in the EMEA and Asia regions from Chinese OEMs, uncertainties in U.S. administrative policy regarding trade agreements, tariffs and other international trade relations, automotive vehicle production levels, mix and schedules, as well as the concentration of exposure to certain automotive manufacturers particularly new entrants in the China market, shifts in market shares among vehicles, vehicle segments or away from vehicles on which Adient has significant content, changes in consumer demand, risks associated with Adient's joint ventures, volatile energy markets, Adient's ability and timing of customer recoveries for increased input costs, the availability of raw materials and component products (including components required by Adient's customers for the manufacture of vehicles), risks associated with warranty and product recall and product liability exposures, geopolitical uncertainties such as the Middle East and Ukraine conflicts and the impact on the regional and global economies and additional pressure on commodities, supply chain and vehicle production, the ability of Adient to effectively launch new business at forecast and profitable levels, the ability of Adient to successfully identify suitable opportunities for organic investment and/or acquisitions and to integrate such investments and/or acquisitions, work stoppages, including due to strikes, supply chain disruptions and similar events, wage inflationary pressures due to labor shortages and new labor negotiations, the ability of Adient to execute its restructuring plans and achieve the desired benefit, the ability of Adient to meet debt service requirements and terms of future financing, the impact of global tax reform legislation, the impact of more aggressive positions taken by tax authorities, potential adjustment of the value of deferred tax assets, global climate change and related emphasis on sustainability matters by various stakeholders, and the ability of Adient to achieve its sustainability-related goals, cancellation of, or changes to, commercial arrangements, and the ability of Adient to identify, recruit and retain key leadership. A detailed discussion of risks related to Adient's business is included in the section entitled "Risk Factors" in Adient's Annual Report on Form 10-K for the fiscal year ended September 30, 2025 filed with the U.S. Securities and Exchange Commission (the "SEC") on November 18, 2025, in Adient's Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2026, and in subsequent reports filed with or furnished to the SEC, available at www.sec.gov. Potential investors and others should consider these factors in evaluating the forward-looking statements and should not place undue reliance on such statements. The forward-looking statements included in this document are made only as of the date of this document, unless otherwise specified, and, except as required by law, Adient assumes no obligation, and disclaims any obligation, to update such statements to reflect events or circumstances occurring after the date of this document. In addition, this document includes certain projections provided by Adient with respect to the anticipated future performance of Adient's businesses. Such projections reflect various assumptions of Adient's management concerning the future performance of Adient's businesses, which may or may not prove to be correct. The actual results may vary from the anticipated results and such variations may be material. Adient does not undertake any obligation to update the projections to reflect events or circumstances or changes in expectations after the date of this document or to reflect the occurrence of subsequent events. No representations or warranties are made as to the accuracy or reasonableness of such assumptions, or the projections based thereon.

Use of Non-GAAP Financial Information:
This document also contains non-GAAP financial information because Adient's management believes it may assist investors in evaluating Adient's on-going operations. Adient believes these non-GAAP disclosures provide important supplemental information to management and investors regarding financial and business trends relating to Adient's financial condition and results of operations. Investors should not consider these non-GAAP measures as alternatives to the related GAAP measures. Non-GAAP measures include Adjusted EBIT, Adjusted EBITDA, Adjusted net income, Adjusted effective tax rate, Adjusted earnings per share, Adjusted equity income, Adjusted interest expense, Free cash flow and Net debt. For further detail and reconciliations to their closest GAAP equivalents, please see the appendix. Reconciliations of non-GAAP measures related to FY 2027 guidance have not been provided due to the unreasonable efforts it would take to provide such reconciliations. This document also contains the key performance indicator of business performance, which is defined as the difference in period-over-period Adjusted EBITDA excluding production volume/mix, equity income, foreign exchange and net commodity pricing. Management believes this key performance indicator encompasses the significant drivers of the performance of the business that are within management's ability to influence and may assist investors in evaluating Adient's on-going operations and provide important supplemental information regarding financial and business trends relating to Adient's financial condition and results of operations. Investors should not consider this key performance indicator as an alternative to our GAAP financial results.

ADNT-FN

View original content:https://www.prnewswire.com/news-releases/adient-reports-fourth-quarter-and-full-year-2026-results-including-full-year-fcf-of-222m-302928155.html

SOURCE Adient

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Adient's fourth-quarter 2026 earnings?

Adient reported a GAAP net loss of $47M and a diluted loss per share of $0.62. Adjusted net income was $40M, with adjusted diluted earnings per share of $0.52. Adjusted EBITDA was $229M, with a 6.1% margin.

What is Adient's fiscal 2027 outlook?

Adient expects modest adjusted EBITDA improvement and margin expansion in fiscal 2027 despite slightly lower revenue. The company expects positive business performance to drive that improvement.