FY2024 Second Quarter Earnings Call May 3, 2024 ...

Exhibit 99.1 Appendix Page 1 Adient plc Condensed Consolidated Statements of Income (Loss) (Unaudited) Three Months Ended March 31, (in millions, except per share data) 2024 2023 Net sales $ 3,750 $ 3,912 Cost of sales 3,520 3,662 Gross profit 230 250 Selling, general and administrative expenses 115 141 Restructuring and impairment costs 125 17 Equity income 18 4 Earnings before interest and income taxes 8 96 Net financing charges 47 59 Other pension expense 2 2 Income (loss) before income taxes (41) 35 Inc ...

PLYMOUTH, Mich., May 3, 2024 /PRNewswire/ -- Adient (NYSE: ADNT), a global leader in automotive seating, today announced its second quarter 2024 financial results. Q2 GAAP net income and EPS diluted of $(70)M and $(0.77), respectively; Q2 Adj.-EPS diluted of $0.54 Q2 Adj.-EBITDA of $227M, up $12M y-o-y, with Adj.-EBITDA margin of 6.1%, a 60 bps improvement vs. prior year Gross debt and net debt totaled ~$2.5B and ~$1.6B, respectively, at March 31, 2024; cash and cash equivalents of $905M at March 31, 2024 ...

Company Layoffs and Restructuring - Adient plans to cut jobs overseas and shift positions to countries with lower labor costs to reduce expenses [1] - The exact number of job cuts is unknown, but the company is moving some positions out of Europe [1] - Adient expects to incur $125 million in restructuring charges and save $60 million annually starting in 2027 [1] Financial Performance and Market Reaction - Adient's Q1 results showed lackluster sales, prompting the layoffs and job shifts [1] - ADNT stock is up slightly on Monday but down 20 9% year-to-date [2] Industry Trends - Adient joins a growing list of companies announcing layoffs to combat a tough economy [2] - Inflation continues to weigh on both consumers and businesses, leading to headcount reductions [2] Related Market News - Other notable stock market stories include Nike layoffs and Salesforce stock falling [2]

Adient (ADNT) delivered adjusted earnings per share (EPS) of 31 cents for the first quarter of fiscal 2024. Earnings fell from 34 cents recorded in the year-ago period and also missed the Zacks Consensus Estimate of 47 cents. In the reported quarter, the company generated net sales of $3.66 billion, which decreased 1% year over year and missed the Zacks Consensus Estimate of $3.72 billion.Segmental PerformanceAdient currently operates through three reportable segments — the Americas, including North America ...

PLYMOUTH, Mich., Feb. 8, 2024 /PRNewswire/ -- Adient (NYSE: ADNT), a global leader in automotive seating, will participate at the Wolfe Research Global Auto and Auto Tech Conference on Thursday, Feb. 15, 2024. Adient's Executive Vice President and CFO Mark Oswald and Executive Vice President Americas Jim Conklin will be participating in a fireside chat at 8:20 a.m. Eastern time. A live webcast of the fireside chat will be available on the investor section of the Adient website (https://investors.adient.com/ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 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 jurisdi ...

Adient (ADNT) reported $3.66 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 1.1%. EPS of $0.31 for the same period compares to $0.34 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.72 billion, representing a surprise of -1.50%. The company delivered an EPS surprise of -34.04%, with the consensus EPS estimate being $0.47.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how t ...

PLYMOUTH, Mich., Feb. 7, 2024 /PRNewswire/ -- Adient (NYSE: ADNT), a global leader in automotive seating, today announced its first quarter 2024 financial results. Q1 GAAP net income and EPS diluted of $20M and $0.21, respectively; Q1 Adj.-EPS diluted of $0.31 Q1 Adj.-EBITDA of $216M, up $4M y-o-y, the seventh consecutive quarter of y-o-y improvement Gross debt and net debt totaled ~$2.5B and ~$1.6B, respectively, at December 31, 2023; cash and cash equivalents of $990M at December 31, 2023 The company exe ...

Wall Street analysts forecast that Adient (ADNT) will report quarterly earnings of $0.47 per share in its upcoming release, pointing to a year-over-year increase of 38.2%. It is anticipated that revenues will amount to $3.72 billion, exhibiting an increase of 0.5% compared to the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 38.6% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed th ...