Core Viewpoint - Adient reported its second quarter 2025 financial results, highlighting a significant net loss primarily due to a non-cash goodwill impairment, while maintaining its revenue and adjusted EBITDA outlook for the fiscal year [6]. Financial Performance - The company recorded a GAAP net loss of $335 million and a diluted EPS of $(3.99), which included a non-cash goodwill impairment of $333 million [6]. - Adjusted EPS for the quarter was $0.69, with an adjusted EBITDA of $233 million, showing year-over-year improvement despite revenue challenges [6]. - As of March 31, 2025, gross debt and net debt were approximately $2.4 billion and $1.6 billion, respectively, with cash and cash equivalents amounting to $754 million [6]. Debt Management - Adient successfully refinanced $795 million of senior unsecured notes due in 2026 during the quarter, extending its average maturity profile from 4.0 years to 6.1 years, eliminating near-term maturities [6]. Outlook - The company maintains its fiscal year 2025 revenue and adjusted EBITDA outlook, expecting positive momentum from the first half to carry into the second half, excluding potential impacts from tariffs [6]. 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 [4]. - The company produces automotive seating for all major OEMs, covering the entire seat-making process from research and design to engineering and manufacturing [4].

Core Insights - Quadient has announced a strategic partnership with Stasher to enhance luggage storage options in the UK, expanding Stasher's network significantly [1][4] - The collaboration integrates Stasher's booking system with Quadient's smart lockers, providing travelers with more flexible and secure luggage storage solutions [3][5] - Quadient's Parcel Pending smart lockers will now serve as luggage storage hubs, further demonstrating the versatility and consumer-centric focus of their services [4][5] Company Overview - Quadient is a global automation platform that facilitates secure and sustainable business connections through both digital and physical channels [8] - The company is actively expanding its smart locker network, with over 25,700 units installed globally and a target of 40,000 by 2030 [5] - Stasher operates in over 1,100 cities worldwide, providing a network of verified hotels, shops, and smart lockers for secure luggage storage [7]

Company Performance - Garrett Motion reported quarterly earnings of $0.30 per share, exceeding the Zacks Consensus Estimate of $0.29 per share, and up from $0.28 per share a year ago [1] - The company achieved revenues of $878 million for the quarter, surpassing the Zacks Consensus Estimate by 4.15%, although this represents a decline from year-ago revenues of $915 million [3] - The earnings surprise for the quarter was 3.45%, and over the last four quarters, Garrett Motion has surpassed consensus EPS estimates three times [2] Market Position - Garrett Motion shares have increased approximately 2.1% since the beginning of the year, contrasting with a decline of 5.3% in the S&P 500 [4] - The current Zacks Rank for Garrett Motion is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [7] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.31 on revenues of $865 million, and for the current fiscal year, it is $1.25 on revenues of $3.43 billion [8] - The estimate revisions trend for Garrett Motion is currently mixed, which may change following the recent earnings report [7] Industry Context - The Automotive - Original Equipment industry, to which Garrett Motion belongs, is currently ranked in the bottom 31% of over 250 Zacks industries, suggesting potential challenges ahead [9] - Adient, another company in the same industry, is expected to report a year-over-year earnings decline of 33.3% in its upcoming results [10]

Quadient (Euronext Paris: QDT), a global automation platform powering secure and sustainable business connections, shared today that businesses are increasingly turning to digital solutions to meet rising customer expectations for modern, multichannel communication. This shift is driving tangible growth: in fiscal year 2024, Quadient recorded a record 11% increase in cross-sales of its Digital automation solutions within its Mail customer base. This growth highlights a broader shift in customer engagement s ...

Bagneux, 29 April 2025, Quadient (Euronext Paris: QDT) announces that it has filed its 2024 Universal Registration Document, in xHTML format, with the French Financial Markets Authority (Autorité des marchés financiers or “AMF”), on 28 April 2025. The 2024 Universal Registration Document notably includes: The 2024 annual financial report;The Board of Directors’ report on corporate governance;The description of the share buyback program;The reports from the statutory auditors;The management report including ...

Priced as of April 17, 2025 In this note, we include the latest comp sheet and valuation metrics for global automotive OEMs (page 3), auto parts suppliers (page 5), auto auction service providers (page 13), tire manufacturers (page 14), auto rentals (page 15), and auto dealers (page 16). J P M O R G A N North America Equity Research 21 April 2025 Autos Valuation Comp Sheet Autos & Auto Parts Ryan Brinkman AC (1-212) 622-6581 ryan.j.brinkman@jpmorgan.com Rajat Gupta AC (1-212) 622-6382 rajat.gupta@jpmorgan.c ...

Core Insights - Quadient has been recognized in a Forrester report for its AI-driven accounts receivable (AR) solutions, highlighting the transformative impact of AI on financial processes [1][3] - The company's Finance Automation cloud platform addresses inefficiencies in manual AR and accounts payable (AP) processes, utilizing advanced AI and machine learning to enhance cash flow predictions and automate cash applications [2][3] Company Overview - Quadient is a global automation platform that facilitates secure and sustainable business connections through both digital and physical channels, supporting businesses in their digital transformation [4] - The company is listed on Euronext Paris and is part of the CAC Mid & Small and EnterNext Tech 40 indices, making its shares eligible for PEA-PME investing [4] Technology and Solutions - The Quadient AR and AP solutions leverage AI to predict cash flow accurately, analyze payor behavior, and automate processes even in the absence of remittance data, thereby improving operational efficiency [2][3] - Customizable dashboards provide real-time data, enhancing decision-making capabilities for financial professionals [3]

Core Points - Quadient's Board of Directors has approved a list of appointments and renewals to be proposed at the Annual General Meeting on June 13, 2025 [1][2] - Delphine Segura Vaylet is proposed as a new independent Director for a three-year term, while Martha Bejar and Paula Felstead will not stand for re-election, and Vincent Mercier will resign [2][6] - The Board will reduce its size from 10 to 8 members (excluding employee directors) after the June 13, 2025 meeting, maintaining a high level of independent representation [4][6] Board Composition Changes - Delphine Segura Vaylet's appointment is subject to shareholder approval, and if renewed, Didier Lamouche will be reappointed as Chairman, while Nathalie Wright is intended to be appointed as Chair of the Appointments and Remuneration Committee [6][7] - The Board will consist of 75% independent directors and will comply with French legal parity rules, ensuring a balanced structure of 5 men and 3 women [4] Individual Profiles - Delphine Segura Vaylet, 54, has extensive HR experience, having held leadership roles at Thales, STMicroelectronics, Zodiac Aerospace, Total, and Groupe SEB [5] - Didier Lamouche has been Chairman since June 28, 2019, with a distinguished career in corporate governance and leadership roles in various technology companies [8] - Nathalie Wright has been on the Board since September 25, 2017, with a strong background in digital transformation and commercial strategy across multiple sectors [9]