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 ...

Adient plc (NYSE:ADNT) Q4 2023 Earnings Conference Call November 8, 2023 8:30 AM ET Company Participants Mark Oswald - Vice President, Investor Relations and Corporate Communications Doug Del Grosso - President and Chief Executive Officer Jerome Dorlack - Executive Vice President and Chief Financial Officer Conference Call Participants Colin Langan - Wells Fargo Securities Rod Lache - Wolfe Research John Murphy - Bank of America Merrill Lynch Emmanuel Rosner - Deutsche Bank James Picariello - BNP Paribas Op ...

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

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 June 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 jurisdictio ...

Financial Data and Key Metrics Changes - Adient reported Q3 2023 revenue of $4.1 billion, an increase of $570 million year-over-year, with adjusted EBITDA of $276 million, up $133 million from the previous year [7][19][30] - The company ended the quarter with a cash balance of $908 million and total liquidity of $1.9 billion, enabling $37 million in share repurchases during the quarter [8][29] Business Line Data and Key Metrics Changes - The Americas region's performance was in line with the broader market, while EMEA outperformed due to favorable customer and program mix [21][27] - In Asia, particularly China, the year-over-year improvement was driven by higher volumes and increased equity income [21][27] Market Data and Key Metrics Changes - Adient's unconsolidated seating revenue was up about 5% year-over-year, primarily due to increased production volume at joint ventures in China [21] - The company expects its volume growth in China to exceed market growth by 2x over the next five years, with a shift in customer mix towards local manufacturers [12][49] Company Strategy and Development Direction - Adient's strategy focuses on operational excellence, cost control, and winning new business across various regions and platforms [9][15] - The company is positioning itself for sustained success, particularly in China, which is viewed as a growth engine despite geopolitical risks [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate challenges and maintain positive business performance into 2024, with expectations for continued earnings margin and free cash flow growth [16][30] - The company is currently developing its 2024 plan, with a focus on global production forecasts and market conditions [16][30] Other Important Information - Adient's updated FY2023 guidance forecasts consolidated sales of approximately $15.4 billion and adjusted EBITDA of about $920 million, reflecting strong business performance and increased production volumes [30][31] - The company highlighted the importance of partnerships with alternative suppliers rather than pursuing vertical integration, which can be risky and capital-intensive [44][45] Q&A Session Summary Question: Impact of inflation recovery on commodity costs - Management confirmed that the $55 million commodity impact is a net figure and attributed performance slowdowns to timing and volume drops, particularly in Europe [36][39][41] Question: Market share growth in China - Management indicated that market share growth in China is expected to come from a shift towards domestic manufacturers, with a focus on agility and local customer needs [49][50] Question: UAW strike potential impact - Management clarified that there are no assumptions regarding a UAW strike in their guidance, emphasizing their diversified customer base mitigates potential impacts [51][53] Question: Commodity costs and sticky costs - Management noted that commodity costs are expected to exceed $135 million, with sticky costs being offset by positive business performance [66][68] Question: European margins sustainability - Management expressed optimism about the sustainability of high European margins, attributing performance to volume increases and structural changes made in the business [73]

FY 2023 Third Quarter Earnings Call August 2, 2023 ...