Adient Stock Price, News & Analysis

Adient (NYSE: ADNT) has finalized its transactions with Yanfeng Automotive Trim Systems Ltd., effectively ending their YFAS joint venture in China. The deal allows Adient to independently pursue its China strategy, which is projected to yield net proceeds of approximately $1.4 billion. Adient will increase its ownership in CQYFAS to 75% and expects annual consolidated sales of $4.5 billion in China. Pro forma adjustments suggest an annual sales increase of $700M-$800M and an EBITDA increase of $90M-$100M.

Adient (NYSE: ADNT), a leader in automotive seating, will participate in the RBC Capital Markets Global Industrials Virtual Conference on September 9, 2021. The session will feature CFO Jeff Stafeil in a fireside chat at 10:00 a.m. ET, which can be accessed via a live webcast on Adient's investor site. Adient employs around 77,000 people across 32 countries and operates 202 manufacturing plants, delivering seating solutions for major OEMs.

Adient (NYSE: ADNT), a leader in automotive seating, will participate in the 2021 JP Morgan Auto Conference on August 11, 2021, at 10:50 a.m. Eastern time. The company's president, Doug Del Grosso, and CFO, Jeff Stafeil, will engage in a fireside chat. Investors can access the live webcast on Adient's investor website (https://investors.adient.com/). Adient operates globally with around 77,000 employees and 202 manufacturing plants, producing seating for over 19 million vehicles annually.

Adient (NYSE: ADNT) has released its Q3 2021 financial results, reporting a GAAP net loss of $71 million, or $(0.75) per share, with an adjusted EPS of $(0.53). The company's adjusted EBITDA stood at $118 million, reflecting a year-over-year increase of $240 million, with a margin of 3.6%. As of June 30, 2021, Adient reported cash and cash equivalents of $1.0 billion, while gross debt totaled $3.757 billion. The announcement highlighted macroeconomic headwinds impacting revenue and earnings expectations for FY21.

Adient (NYSE: ADNT), a global leader in automotive seating, announced a call for financial analysts on August 5, 2021, at 8:30 a.m. ET to discuss its third quarter fiscal 2021 financial results.

The call will feature President and CEO Douglas Del Grosso, alongside CFO Jeff Stafeil. A live webcast and presentation materials will be available on the Adient Investor Relations website. Dial-in participation is also available. The company operates over 202 manufacturing plants and serves all major automotive OEMs.

Adient (NYSE: ADNT), a leader in automotive seating, will present at the Deutsche Bank Global Auto Industry Conference on June 16, 2021. The company’s CEO Doug Del Grosso and CFO Jeff Stafeil will engage in a fireside chat at 10:15 a.m. ET, which will be available via live webcast. Adient operates 202 manufacturing plants globally, producing seating for over 19 million vehicles annually. This event underscores Adient's commitment to engaging with investors and enhancing its visibility within the automotive industry.

Adient (NYSE: ADNT) reported its Q2 2021 results, showcasing a net income of $69 million and an EPS of $0.72. The adjusted EPS reached $1.15, while adjusted EBITDA totaled $303 million, reflecting a $92 million increase year-over-year. The company maintained cash reserves of $984 million as of March 31, 2021, after paying down approximately $700 million in debt.

Despite strong performance, Adient anticipates macro pressures, including rising commodity prices, will impact its FY21 guidance for adjusted EBITDA, projected between $1.0 billion and $1.1 billion.

Adient (NYSE: ADNT) announced the appointment of Rick T. Dillon to its Board of Directors, effective May 3, 2021. Dillon, currently CFO of Enerpac Tool Group, brings extensive financial expertise from leadership roles in notable companies, including Century Aluminum and Joy Global. His addition is expected to enhance shareholder value due to his proven track record and leadership recognition, including the 2019 Milwaukee Business Journal's CFO of the Year Award. Adient aims to leverage Dillon's skills to strengthen its board and improve overall business performance.

Adient (NYSE: ADNT), a leader in automotive seating, announced it will host a financial analysts' call on May 6, 2021, at 8:30 a.m. ET to discuss its second quarter fiscal 2021 results. The call will be led by CEO Douglas Del Grosso and CFO Jeff Stafeil. Interested parties can access the live webcast and presentation materials on the Adient Investor Relations website. For those wishing to participate via telephone, a connection can be made through designated U.S. or international numbers. Adient operates 202 manufacturing plants globally and serves major OEMs.