Welcome to our dedicated page for Adient news (Ticker: ADNT), a resource for investors and traders seeking the latest updates and insights on Adient stock.
Adient plc (NYSE: ADNT), a global leader in automotive seating systems, provides investors and industry professionals with critical updates through this centralized news hub. Track official press releases, financial disclosures, and operational developments from one authoritative source.
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Discover comprehensive coverage of ADNT's advancements in seating technology, sustainability efforts, and global market expansions. The curated content supports investment research while maintaining strict adherence to factual reporting standards.
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Adient (NYSE: ADNT), a global automotive seating leader, has entered into a joint development agreement (JDA) with machine integrator and automation company Paslin. The collaboration aims to develop innovative automation solutions for Adient's traditional sewing operations and future product offerings. The partnership will focus on creating automated sewing cells with integrated robotics to enhance pattern joining accuracy and automated assembly processes for non-traditional trim development and manufacturing. The initiative is expected to drive improved business performance through increased efficiency and product quality.
Adient (NYSE: ADNT), a global leader in automotive seating, has announced it will host a conference call on November 8, 2024, at 8:30 a.m. (ET) to discuss its fourth quarter fiscal 2024 financial results. The company will provide a live webcast of the call and presentation materials on the Adient Investor Relations website. Investors can participate by telephone by dialing 888-566-1827 (U.S.) or 773-799-3976 (international) 15 minutes before the call's start time. The conference passcode is ADIENT. A replay of the call will be available on the same website after the event.
Adient (NYSE: ADNT), a global automotive seating leader, reported its Q3 2024 financial results. The company posted a GAAP net loss of $11M and EPS diluted of $(0.12), with Adj.-EPS diluted of $0.32. Q3 Adj.-EBITDA was $202M, impacted by lower customer production. Adient's financial position showed gross debt of ~$2.5B and net debt of ~$1.6B, with cash and cash equivalents of $890M as of June 30, 2024. The company generated $88M in free cash flow and executed $75M of share repurchases, retiring ~2.6M shares in Q3. Year-to-date share repurchases totaled $225M, representing ~8% of outstanding shares. Adient updated its FY24 outlook, considering the impact of lower vehicle production expectations.
Adient (NYSE: ADNT), a global leader in automotive seating, has announced its participation in the upcoming J.P. Morgan Auto Conference on Thursday, August 8, 2024. The company's president and CEO, Jerome Dorlack, along with executive vice president and CFO, Mark Oswald, will engage in a fireside chat at 10:15 am Eastern Time. Investors and interested parties can access a live webcast of the discussion through the investor section of Adient's official website.
Adient (NYSE: ADNT), a global leader in automotive seating, has announced that it will host a conference call on August 6, 2024, at 8:30 a.m. (ET) to discuss its third quarter fiscal 2024 financial results. The company will provide a live webcast of the call and presentation materials on its Investor Relations website. Investors can participate via telephone by dialing 888-455-2945 (U.S.) or 773-799-3947 (international) 15 minutes before the call starts, using the conference passcode ADIENT. A replay of the call will be available on the company's website for those unable to join live.
Adient, a leading automotive seating company, reported strong Q2 2024 financial results with $227M in Q2 Adj.-EBITDA, up $12M year-over-year. Despite a GAAP net loss, the company executed $50M in share repurchases, retiring ~1.5M shares in the quarter. Adient updated its FY24 outlook due to slow launches and softer electric vehicle production in the Americas and EMEA.
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