Adient(ADNT) - 2024 Q3 - Quarterly Results
Adient(ADNT)2024-08-06 10:57
Exhibit 99.1 4DIENT PRESS RELEASE Aug. 6, 2024 Adient reports Q3 financial results; provides update to FY24 outlook Q3 GAAP net loss and EPS diluted of $(11)M and $(0.12), respectively; Q3 Adj.-EPS diluted of $0.32 > > Q3 Adj.-EBITDA of $202M — quarterly results impacted by lower customer production > Gross debt and net debt totaled ~$2.5B and ~$1.6B, respectively, at June 30, 2024; cash and cash equivalents of $890M at June 30, 2024 > Generated free cash flow (operating cash flow less CapEx) of $88M > Exec ...