Key Takeaways ADNT posted Q1 adjusted EPS of $0.35, up Y/Y, as net sales rose 4.3% to $3.64B and beat consensus estimatesAdient saw revenue growth across Americas, EMEA and Asia, with EMEA EBITDA rising on efficiencies.ADNT raised fiscal 2026 guidance, lifting revenues to $14.6B, EBITDA to $880M and free cash flow to $125M.Adient (ADNT) reported adjusted earnings per share (EPS) of 35 cents for the first quarter of fiscal 2026. Earnings rose from 27 cents recorded in the year-ago period and beat the Zacks C ...

Financial Performance - Adient recorded net sales of $3,644 million for Q1 fiscal 2026, an increase of $149 million or 4.3% compared to Q1 fiscal 2025[119]. - Gross profit was $217 million, representing 6.0% of net sales, compared to $216 million or 6.2% of net sales in Q1 fiscal 2025[123]. - Net loss attributable to Adient was $22 million for Q1 fiscal 2026, compared to net income of zero for Q1 fiscal 2025, primarily due to higher income tax expense and unfavorable production volume/mix[123]. - Cost of sales increased by $148 million or 5% year-over-year, driven by unfavorable foreign currency impacts and production volume changes[124]. - Selling, general and administrative expenses rose by $5 million or 4% year-over-year, primarily due to higher compensation expenses and unfavorable foreign currency impacts[126]. - Restructuring and impairment costs increased by $1 million or 4% in Q1 fiscal 2026 compared to Q1 fiscal 2025[127]. - Net financing charges were $48 million, a 7% increase from $45 million in Q1 fiscal 2025, primarily due to higher interest expenses[130]. - Income tax provision increased by 91% to $42 million in Q1 fiscal 2026 from $22 million in Q1 fiscal 2025, mainly due to uncertain tax positions related to a foreign tax audit settlement[132]. - Comprehensive loss attributable to Adient was $8 million in Q1 fiscal 2026, a significant improvement from a comprehensive loss of $225 million in Q1 fiscal 2025, driven by favorable foreign currency translation adjustments[135]. Segment Performance - Net sales for the Americas segment increased by 2% to $1,642 million in Q1 fiscal 2026, with a $31 million increase attributed to favorable commercial pricing adjustments[139]. - EMEA segment net sales rose by 7% to $1,205 million in Q1 fiscal 2026, primarily due to favorable foreign currency impacts[147]. - Asia segment net sales increased by 6% to $819 million in Q1 fiscal 2026, driven by higher production volumes[150]. - Adjusted EBITDA for the Americas segment decreased to $80 million in Q1 fiscal 2026 from $85 million in Q1 fiscal 2025, reflecting unfavorable operating performance[139]. - Adjusted EBITDA for the EMEA segment increased by 55% to $34 million in Q1 fiscal 2026, supported by favorable labor and overhead costs[147]. - Adjusted EBITDA for the Asia segment increased by 4% to $115 million in Q1 fiscal 2026, aided by higher equity income from a China affiliate[150]. Cash Flow and Capital Management - Adient expects lower cash flows in fiscal 2026 compared to fiscal 2025 due to reduced profitability and higher capital spending[152]. - As of December 31, 2025, Adient had $80 million in cash provided by operating activities, a decrease from $109 million in the same period of 2024[158]. - Cash used by investing activities increased to $68 million in the three months ended December 31, 2025, compared to $34 million in the prior year[158]. - The outstanding balance of the Term Loan B Agreement was $624 million as of December 31, 2025, with an amended margin reduced from 2.75% to 2.00%[154][155]. - Working capital decreased by $122 million to $324 million as of December 31, 2025, primarily due to decreases in net accounts receivable and cash[162]. - Adient incurred $23 million in restructuring costs during the first three months of fiscal 2026, aimed at reducing annual operating costs by approximately $15 million[163]. - The amended ABL Credit Facility was reduced from $1,250 million to $1,000 million, with availability of $823 million as of December 31, 2025[153]. - Adient's management is focused on consolidating operations and improving efficiencies in response to changes in the global automotive industry[164]. Shareholder Actions - Adient repurchased 1,232,932 ordinary shares at an average price of $20.27, totaling $25 million in the first quarter of fiscal 2026[165]. - As of December 31, 2025, Adient's liabilities related to supply chain financing programs were $109 million, up from $105 million as of September 30, 2025[168]. - The company has flexibility to expand the amended ABL Credit Facility by up to $500 million in additional commitments[153].

Core Viewpoint - Adient plc is a significant player in the automotive seating industry, demonstrating strong financial performance and exceeding market expectations [1]. Financial Performance - On February 4, 2026, Adient reported an earnings per share (EPS) of $0.35, surpassing the estimated EPS of $0.18 and the Zacks Consensus Estimate of $0.20 per share, marking a 74.13% earnings surprise [2]. - The company reported $3.64 billion in revenue for the quarter ending December 2025, exceeding the consensus estimate by 4.68% and showing an increase from $3.5 billion in the same period last year [2]. Financial Metrics - The price-to-sales ratio is 0.13, indicating that investors are paying 13 cents for every dollar of sales [3]. - The enterprise value to sales ratio is 0.23, reflecting the company's valuation relative to its revenue [3]. - The enterprise value to operating cash flow ratio is 7.31, suggesting reasonable coverage of the enterprise value by operating cash flow [3]. - The debt-to-equity ratio is 1.36, indicating significant reliance on debt compared to equity [3]. - The current ratio is 1.12, suggesting a modest level of short-term financial health with current assets slightly exceeding current liabilities [3]. Leadership and Outlook - The company's leadership, including President and CEO Jerome Dorlack and CFO Mark Oswald, plans to discuss the results and future expectations in a conference call, indicating a positive outlook for fiscal year 2026 [3].

Adient (ADNT) reported $3.64 billion in revenue for the quarter ended December 2025, representing a year-over-year increase of 4.3%. EPS of $0.35 for the same period compares to $0.27 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.48 billion, representing a surprise of +4.68%. The company delivered an EPS surprise of +74.13%, with the consensus EPS estimate being $0.20.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

Adient (NYSE:ADNT) Q1 2026 Earnings call February 04, 2026 08:30 AM ET Company ParticipantsAndrew Percoco - Head of North America Autos and Shared Mobility ResearchJerome Dorlack - President and CEOJoe Spak - Managing Director of Autos, Auto Suppliers and Auto-tech Equity ResearchLinda Conrad - VP of FP&A and Investor RelationsMark Oswald - EVP and CFOConference Call ParticipantsColin Langan - Director and Senior Equity AnalystDan Levy - Senior Equity Research AnalystEmmanuel Rosner - Managing Director and ...

Adient (NYSE:ADNT) Q1 2026 Earnings call February 04, 2026 08:30 AM ET Company ParticipantsAndrew Percoco - Head of North America Autos and Shared Mobility ResearchJerome Dorlack - President and CEOJoe Spak - Managing Director of Autos, Auto Suppliers and Auto-tech Equity ResearchLinda Conrad - VP of FP and A and Investor RelationsMark Oswald - EVP and CFOConference Call ParticipantsColin Langan - Director and Senior Equity AnalystDan Levy - Senior Equity Research AnalystEmmanuel Rosner - Managing Director ...

Adient (NYSE:ADNT) Q1 2026 Earnings call February 04, 2026 08:30 AM ET Speaker9To inform all participants that today's call is being recorded. If you have any objections, you may disconnect at this time. I will now turn the call over to Linda Conrad. Thank you. You may begin.Speaker7Thank you, Denise. Good morning, everyone, and thank you for joining us. The press release and presentation slides for our call today have been posted to the investor section of our website at adient.com. This morning, I'm joine ...

Adient (ADNT) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.2 per share. This compares to earnings of $0.27 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +74.13%. A quarter ago, it was expected that this automotive seating and interiors supplier would post earnings of $0.55 per share when it actually produced earnings of $0.52, delivering a surprise of -5.45%.Over the last fo ...

FY26 First Quarter Earnings Call February 4, 2026 Important Information 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 ...

Financial Performance - Adient reported Q1 FY2026 revenue of $3,644M, a 4% increase compared to Q1 FY2025, with adjusted EBITDA of $207M, up $11M year-over-year[1][2] - The company raised its FY26 guidance for revenue to $14.6B (up from $14.4B) and adjusted EBITDA to $880M (up from $845M), reflecting strong business performance and improved vehicle production outlook[6][12] - Adient's adjusted net income attributable to the company was $28M, representing a 22% increase year-over-year, with adjusted EPS of $0.35, a 30% increase compared to the previous year[1][6] - The company achieved an adjusted EBITDA margin of 5.7%, an increase of 10 basis points from the previous year[2][6] - Net sales for the three months ended December 31, 2025, were $3,644 million, an increase of 4.3% compared to $3,495 million in the same period of 2024[24] - Gross profit for the same period was $217 million, slightly up from $216 million year-over-year[24] - Adjusted EBITDA for the three months ended December 31, 2025, was $207 million, compared to $196 million in the prior year, reflecting a year-over-year increase of 5.6%[31] - The adjusted EBITDA margin for the consolidated results was 5.7%, compared to 5.6% in the same quarter of 2024[31] - Net income attributable to Adient for the three months ended December 31, 2025, was a loss of $22 million, compared to a profit of $0 in the same period of 2024[24] - The company reported a cash provided by operating activities of $80 million for the three months ended December 31, 2025, down from $109 million in the same period of 2024[28] - Adjusted EBITDA for Q1 2025 was $207 million, up from $196 million in Q1 2024, representing a 5.6% increase[36] - Adjusted EBIT for Q1 2025 was $130 million, compared to $122 million in Q1 2024, reflecting an increase of 6.6%[36] - Net income attributable to Adient for Q1 2025 was a loss of $22 million, compared to a profit of $0 in Q1 2024[33] - Adjusted net income attributable to Adient for Q1 2025 was $28 million, up from $23 million in Q1 2024, indicating a 21.7% increase[37] - Basic earnings per share for Q1 2025 was $(0.28), while diluted earnings per share was also $(0.28)[33] - Adjusted diluted earnings per share for Q1 2025 was $0.35, compared to $0.27 in Q1 2024, marking a 29.6% increase[39] - Total net sales for Q1 2025 were $3,644 million, up from $3,495 million in Q1 2024, a growth of 4.3%[36] Debt and Cash Management - Adient's gross debt and net debt were approximately $2.4B and $1.5B, respectively, as of December 31, 2025, with cash and cash equivalents totaling $855M[6][11] - Cash and cash equivalents decreased to $855 million from $958 million at the end of the previous quarter[26] - Long-term debt remained stable at $2,380 million, compared to $2,386 million at the end of the previous quarter[26] - Net debt as of December 31, 2025, was $1,536 million, an increase from $1,439 million as of September 30, 2025, indicating a rise of 6.73%[43] - The net leverage ratio increased to 1.72 as of December 31, 2025, compared to 1.63 as of September 30, 2025[43] Shareholder Returns - The company returned $25M to shareholders in Q1 FY2026 through the repurchase of approximately 1.2M shares[6][11] Sustainability Initiatives - Adient's sustainability initiatives include a 42% reduction in Scope 1 and 2 emissions since 2019 and an increase in renewable electricity usage to 30% of total consumption[17] - The company completed 1,990 continuous improvement projects in FY2025, resulting in estimated annual savings of 5,689 metric tons of CO2e and 72.6 million kWh of energy[4][14] Growth and Market Position - The company is positioned for growth, capitalizing on approximately 150K units of incremental annual volume in the Americas and expecting to significantly outpace the market in Asia[5] - Adient's new modular seat design, ModuTec, aims to enhance automation and efficiency in the seat building process, significantly reducing assembly time[3] Other Financial Metrics - Total assets as of December 31, 2025, were $8,774 million, a decrease from $8,954 million as of September 30, 2025[26] - Free cash flow for Q4 2025 was $15 million, down from $45 million in Q4 2024, reflecting a decrease of 66.67%[42] - Operating cash flow for Q4 2025 was $80 million, down from $109 million in Q4 2024, a decline of 26.61%[42] - Capital expenditures for Q4 2025 were $65 million, slightly up from $64 million in Q4 2024[42] - Trade working capital decreased to $187 million in Q4 2025 from $234 million in Q4 2024, a reduction of 20.04%[42] - Restructuring cash charges for Q4 2025 were $19 million, down from $34 million in Q4 2024, a decrease of 44.12%[42] - Dividends from partially owned affiliates were $0 in Q4 2025, compared to $6 million in Q4 2024[42] - Non-income related taxes (VAT) increased to $44 million in Q4 2025 from $22 million in Q4 2024, a rise of 100%[42]