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Adient plc reports developments for a global automotive seating supplier that designs, engineers and manufactures complete seat systems and individual components for major OEMs. News commonly covers quarterly results, fiscal guidance, adjusted earnings measures, debt levels, cash flow expectations and share repurchases alongside changes in vehicle production and input-cost assumptions.
Company updates also focus on seating technology and manufacturing footprint. Recent product categories include the ModuTec modular seat-build process, Sculpted Soft Trim, StepJoy foot massage, ProForce Massage Flow and Magic Trim applications. Operational news includes foam production assets and plant additions that expand Adient's automotive seating component network.
Adient (ADNT) reported Q4 2022 financial results, showing a GAAP net income of $45M and an EPS of $0.47. Adjusted EBITDA rose to $227M, marking a $109M year-over-year increase. The company has a robust liquidity position with $947M in cash as of September 30, 2022. Looking ahead, Adient projects growth in earnings, margin, and free cash flow for FY23, bolstered by a new $600M share repurchase program.
Adient (NYSE: ADNT), a leader in automotive seating, announced the appointment of Jerome Dorlack as executive vice president and chief financial officer (CFO), effective Dec. 1, 2022. Dorlack, who has extensive experience within the company, succeeds Jeff Stafeil, who is resigning on Nov. 30, 2022. Jim Conklin will take over as executive vice president, Americas, also starting Dec. 1. CEO Doug Del Grosso expressed confidence in Dorlack’s ability to drive value for stakeholders, while acknowledging Stafeil's contributions since 2016.
Adient (NYSE: ADNT), a leader in automotive seating, will hold a financial analysts call on Nov. 4, 2022, at 8:30 a.m. ET, to discuss its Q4 fiscal 2022 financial results. The call will be led by Adient's president, Douglas Del Grosso, and CFO, Jeff Stafeil. Interested parties can join via telephone or watch a live webcast on Adient's Investor Relations website. A replay will also be available post-call. Adient operates over 200 manufacturing plants globally, employing approximately 75,000 people, and provides seating systems for major OEMs.
Adient (NYSE: ADNT) has announced a strategic partnership with EnerTech Capital, aimed at enhancing insights into mobility technologies for future vehicles. This partnership grants Adient access to EnerTech's extensive network, including the California Mobility Center, facilitating connections with innovative automotive tech firms. According to CEO Doug Del Grosso, this collaboration will help Adient meet evolving customer needs, particularly in the realms of electric and new energy vehicles. The deal positions Adient to leverage new technologies and business models in the automotive sector.
Adient (NYSE: ADNT) reported its Q3 2022 results, showing a net loss of $(30)M and a diluted EPS of $(0.32). The adjusted EPS was $0.08, while adjusted EBITDA climbed $143M, a year-over-year increase of $25M. As of June 30, 2022, the company held $892M in cash, with total liquidity at approximately $1.7B. Adient's gross debt was about $2.7B, and net debt stood at $1.8B. The results may reflect challenges with supply chains and market pressures.
Adient (NYSE: ADNT), a leader in automotive seating, will participate in the 2022 JP Morgan Auto Conference on August 10, 2022. The company's president, Doug Del Grosso, and CFO, Jeff Stafeil, along with executive VP Jerome Dorlack, will engage in a fireside chat at 8:45 a.m. Eastern time. A live webcast of the presentation will be accessible via Adient's investor relations webpage.
With around 75,000 employees across 33 countries, Adient operates 208 plants, providing seating systems for over 20 million vehicles annually.
Adient (NYSE: ADNT), a leader in automotive seating, will hold a call for financial analysts on August 5, 2022, at 8:30 a.m. (ET) to discuss its third quarter fiscal 2022 results. The call will be led by CEO Douglas Del Grosso and CFO Jeff Stafeil. A live webcast and presentation materials will be accessible on the Adient Investor Relations website. Participants can join by dialing 888-455-2945 (U.S.) or 773-799-3947 (international) 15 minutes prior to the call.
Adient (NYSE: ADNT), a leader in automotive seating, will take part in the Deutsche Bank Global Auto Industry Conference on June 16, 2022. Presentations will be made by CFO Jeff Stafeil and executives Jerome Dorlack and Mark Oswald at 8:55 a.m. Eastern Time. Investors can access a live webcast of the presentation on Adient's investor website. The company employs around 75,000 people across 33 countries, operating 208 manufacturing plants, and delivers seating systems for major OEMs, producing over 20 million automotive seats annually.
Adient (NYSE: ADNT) reported its Q2 2022 financial results, revealing a GAAP net loss of $(81M) and a diluted EPS of $(0.85). The adjusted EPS for Q2 was $(0.13, down from the previous year. Adjusted EBITDA reached $159M, a decline of $144M year-on-year. As of March 31, 2022, the company had $1,118M in cash and equivalents, with gross debt at $2.9B and net debt at $1.8B. A voluntary debt repayment of over $700M was completed in Q2, focusing on capital structure transformation amidst challenging conditions.
Adient (NYSE: ADNT), a leader in automotive seating, will conduct a financial call on May 5, 2022 at 8:30 a.m. (ET) to discuss its Q2 fiscal 2022 financial results. The call will feature CEO Douglas Del Grosso and CFO Jeff Stafeil. A live webcast and a replay will be accessible on the Adient Investor Relations website. Adient employs around 75,000 people across 33 countries, operating 208 manufacturing plants and producing seating for over 20 million vehicles annually. For further information, visit the Adient website.