Automotive Seating
Search documents
Adient reports strong second quarter operating results
Prnewswire· 2025-05-07 10:50
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].
Adient to discuss Q2 fiscal 2025 financial results on May 7, 2025
Prnewswire· 2025-04-09 12:00
Company Overview - Adient is a global leader in automotive seating with over 70,000 employees across 29 countries [3] - The company operates more than 200 manufacturing and assembly plants worldwide [3] - Adient produces and delivers automotive seating for all major original equipment manufacturers (OEMs) [3] Upcoming Financial Event - Adient will host a conference call on May 7, 2025, at 8:30 a.m. (ET) to discuss its second quarter fiscal 2025 financial results [1] - A live webcast of the call and presentation materials will be available on the Adient Investor Relations website [1] - A replay of the conference call will also be accessible on the same site [1]