Adient reports solid first quarter financial results; raises guidance for FY2026

Core Viewpoint - Adient reported its first quarter 2026 financial results, highlighting a net loss but improved adjusted earnings and guidance for the fiscal year [1][6]. Financial Performance - Q1 GAAP net loss was $22 million, with diluted EPS of $(0.28); however, adjusted EPS was $0.35 [6]. - Adjusted EBITDA for Q1 was $207 million, reflecting an $11 million year-over-year improvement, with adjusted EBITDA margins increasing from 5.6% to 5.7% [6]. - Gross debt and net debt stood at approximately $2.4 billion and $1.5 billion, respectively, as of December 31, 2025, with cash and cash equivalents of $855 million [6]. Shareholder Returns - The company returned $25 million to shareholders in Q1 FY2026 through the repurchase of approximately 1.2 million shares [6]. Future Guidance - Adient raised its FY26 guidance for revenue, adjusted EBITDA, and free cash flow to $14.6 billion, $880 million, and $125 million, respectively, supported by an improved vehicle production outlook and expectations of continued positive business performance [6]. Company Overview - Adient is a global leader in automotive seating, employing over 65,000 people across 29 countries and operating around 200 manufacturing and assembly plants worldwide [4]. - The company produces automotive seating for all major OEMs, covering the entire process from research and design to manufacturing [4].