Core Insights - Adient reported $3.66 billion in revenue for the quarter ended December 2023, a year-over-year decline of 1.1% [1] - The EPS for the same period was $0.31, down from $0.34 a year ago [1] - Revenue fell short of the Zacks Consensus Estimate of $3.72 billion, resulting in a surprise of -1.50% [1] - The company experienced an EPS surprise of -34.04%, with the consensus EPS estimate being $0.47 [1] Performance Metrics - Net Sales in Asia were $770 million, compared to an estimated $844.49 million, reflecting a year-over-year decline of -6.2% [2] - Net Sales from Eliminations were reported at -$25 million, better than the estimated -$32.69 million, with a year-over-year change of -10.7% [2] - Net Sales in America reached $1.65 billion, slightly above the estimated $1.64 billion, showing a year-over-year decline of -4.5% [2] - Net Sales in EMEA were $1.27 billion, exceeding the estimated $1.25 billion, with a year-over-year increase of +7.3% [2] Stock Performance - Adient shares returned +4.7% over the past month, compared to the Zacks S&P 500 composite's +5.6% change [2] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [2]

Core Insights - Adient reported a Q1 2024 GAAP net income of $20 million and diluted EPS of $0.21, with an adjusted EPS of $0.31 [1] - The company achieved an adjusted EBITDA of $216 million, reflecting a year-over-year increase of $4 million, marking the seventh consecutive quarter of improvement [1] - As of December 31, 2023, Adient's gross debt and net debt were approximately $2.5 billion and $1.6 billion, respectively, with cash and cash equivalents totaling $990 million [1] - Adient executed $100 million in share repurchases, retiring around 3 million shares during the quarter [1] - The company is building on positive momentum from FY23, anticipating improved year-over-year earnings and margins in FY24 [1] Company Overview - Adient is a global leader in automotive seating, employing over 70,000 people across 29 countries and operating more than 200 manufacturing and assembly plants worldwide [3] - The company produces and delivers automotive seating for all major OEMs, covering the entire seat-making process from research and design to engineering and manufacturing [3]

Core Insights - Adient (ADNT) is expected to report quarterly earnings of $0.47 per share, reflecting a year-over-year increase of 38.2% [1] - Anticipated revenues for the quarter are projected at $3.72 billion, showing a slight increase of 0.5% compared to the previous year [1] - The consensus EPS estimate has been revised downward by 38.6% in the past 30 days, indicating a reassessment by analysts [1] Revenue Estimates - The consensus estimate for 'Net Sales- Asia' is $844.49 million, indicating a year-over-year change of +2.9% [2] - 'Net Sales- America' is forecasted to reach $1.64 billion, suggesting a decline of -4.8% year over year [2] - The average prediction for 'Net Sales- EMEA' stands at $1.25 billion, reflecting a year-over-year increase of +6.1% [2] Production Estimates - 'Light Vehicle Production - North America' is estimated to reach 3.71 million, up from 3.6 million in the same quarter last year [2] - 'Light Vehicle Production - China' is projected at 6.19 million, down from 7.2 million in the same quarter last year [3] - 'Light Vehicle Production - EMEA' is estimated at 4.60 million, compared to 4.2 million in the same quarter last year [3] EBITDA Estimates - 'Adjusted EBITDA- Americas' is expected to be $57.25 million, down from $69 million in the same quarter last year [3] - 'Adjusted EBITDA- Asia' is projected to reach $149.72 million, compared to $138 million in the same quarter last year [3] - 'Adjusted EBITDA- EMEA' is estimated at $40.99 million, up from $28 million in the same quarter last year [4] Stock Performance - Adient shares have changed by +0.9% in the past month, compared to a +5.3% move of the Zacks S&P 500 composite [4] - The company holds a Zacks Rank 3 (Hold), indicating expected performance in line with the overall market [4]

Wall Street expects a year-over-year increase in earnings on higher revenues when Adient (ADNT) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 7. On ...

Key PointsAdient is the world's largest automotive seat manufacturer, serving major automotive manufacturers like General Motors, Ford, Stellantis, Toyota, and Volkswagen.Adient lowered its fiscal Q1 2024 earnings forecast, but shares rallied as markets expected worse.Adient expects to improve sales and margins in fiscal 2024.5 stocks we like better than AdientAdient PLC NYSE: ADNT is one of the largest manufacturers of automotive seating and interior systems in the world. The company designs complete seat ...

     Adient to announce Q1FY24 financial results on Feb. 7, 2024 PLYMOUTH, Mich., Jan. 22, 2024 /PRNewswire/ -- Adient (NYSE: ADNT), a global leader in automotive seating, today reported certain unaudited preliminary financial results for the quarter ended Dec. 31, 2023.  Revenue in Q1FY24 is expected to be approximately $3.7B, or about flat vs. Q1FY23.  Q1FY24 Adjusted EBITDA is expected to be approximately $215M, versus $212M in the prior-year quarter. Additional details related to Adient's first quarter ...

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-37757 Adient plc (exact name of Registrant as specified in its charter) Ireland 98-1328821 (State or other jurisdiction o ...

Financial Data and Key Metrics Changes - Adient reported Q4 revenue of $3.7 billion, an increase of $79 million year-over-year, with adjusted EBITDA of $235 million, up $8 million from the previous year [6][22][24] - For the full year, sales reached $15.4 billion, a 9% increase compared to fiscal 2022, with adjusted EBITDA of $938 million, up $263 million year-over-year [23][24] - The company ended the year with total liquidity of $2.0 billion, including $1.1 billion in cash [6][30] Business Line Data and Key Metrics Changes - Adient's unconsolidated seating revenue increased by about 3% year-over-year, driven by higher production volumes at joint ventures, primarily in China [25] - The Americas' sales were generally in line with production, while EMEA was modestly lower due to planned exits from low-profit platforms [25] Market Data and Key Metrics Changes - Asia demonstrated strong growth, with consolidated sales up 8% versus production in the region, which was up approximately 2% [25] - The company expects growth over market in China to continue, driven by added seating content and favorable customer mix [25][33] Company Strategy and Development Direction - Adient's strategy focuses on operational excellence, innovation, and adapting to industry dynamics, particularly in the context of electric vehicles (EVs) and traditional platforms [13][14] - The company is fine-tuning its strategy to leverage shifts in the automotive industry, including the growth of Chinese domestic manufacturers and the importance of cost competitiveness [14][15] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges such as labor availability, elevated interest rates, and geopolitical concerns but expressed confidence in navigating these obstacles [19][33] - The company anticipates earnings and margin growth in 2024, despite the impact of the UAW strike and foreign exchange headwinds [33][34] Other Important Information - Adient's cash conservation efforts during the UAW strike resulted in a strong cash position, with plans to resume capital allocation as conditions stabilize [30] - The company has received approximately 60 awards in fiscal 2023, highlighting its commitment to excellence and operational performance [8] Q&A Session Summary Question: Why is the CEO leaving by the end of the year? - The CEO indicated personal and professional reasons for the departure, emphasizing the successful execution of the company's operational focus over the past five years [42][44] Question: What is offsetting the margin performance guidance? - Management noted that foreign exchange impacts, particularly from the Mexican peso, are muting margin performance despite achieving 130 basis points of margin expansion in 2023 [45][46] Question: Can you elaborate on the FX impact on EBITDA? - The CFO explained that the company’s hedging strategies protected against FX impacts in 2023, but as those hedges roll off, the company is now exposed to market movements, particularly with the peso [48][49] Question: How does the company view cash conversion moving forward? - Management indicated that while 2023 saw strong cash conversion due to conservation efforts, normalization in CapEx and other factors may lead to a swing in cash conversion in 2024 [59][60] Question: What is the outlook for the mix of Chinese domestic vehicles? - The CEO projected a shift in the customer mix towards Chinese domestic manufacturers over a three to five-year period, with confidence in the company's positioning [62][63]

FY 2023 Fourth Quarter Earnings Call November 8, 2023 ...