Adient reports Q1 financial results; provides update to FY25 outlook
Adient (NYSE: ADNT) has released its Q1 2025 financial results, reporting GAAP net income and EPS diluted of $0M and $0.00 respectively, with Adjusted-EPS diluted of $0.27. The company achieved Adjusted-EBITDA of $196M, aligning with expectations for lower customer production in the quarter.
The automotive seating leader's financial position shows gross debt of ~$2.4B and net debt of ~$1.5B, with cash and cash equivalents standing at $860M as of December 31, 2024. During the quarter, Adient executed $25M in share repurchases, buying back approximately 1.2M shares.
The company has updated its FY25 outlook, maintaining the lower end of Adjusted-EBITDA guidance range due to reduced sales guidance, influenced by foreign exchange impacts and decreased customer volume in EMEA and China regions.
Adient (NYSE: ADNT) ha pubblicato i risultati finanziari per il primo trimestre del 2025, riportando un utile netto GAAP e un EPS diluito pari a $0M e $0,00 rispettivamente, con un EPS diluito rettificato di $0,27. L'azienda ha raggiunto un Adjusted-EBITDA di $196M, in linea con le aspettative per una produzione clienti inferiore nel trimestre.
La posizione finanziaria del leader nel settore dei sedili automobilistici mostra un debito lordo di ~$2,4B e un debito netto di ~$1,5B, con disponibilità liquide e equivalenti pari a $860M al 31 dicembre 2024. Durante il trimestre, Adient ha effettuato riacquisti di azioni per $25M, acquistando circa 1,2M di azioni.
L'azienda ha aggiornato le previsioni per l'anno fiscale 2025, mantenendo il limite inferiore dell'intervallo di guida dell'Adjusted-EBITDA a causa di una riduzione delle previsioni di vendita, influenzata da impatti sui cambi e dal volume ridotto dei clienti nelle regioni EMEA e Cina.
Adient (NYSE: ADNT) ha liberado sus resultados financieros del primer trimestre de 2025, reportando un ingreso neto GAAP y un EPS diluido de $0M y $0,00 respectivamente, con un EPS diluido ajustado de $0,27. La compañía alcanzó un Adjusted-EBITDA de $196M, alineándose con las expectativas de menor producción de clientes en el trimestre.
La posición financiera del líder en asientos automotrices muestra una deuda bruta de ~$2,4B y una deuda neta de ~$1,5B, con efectivo y equivalentes de efectivo de $860M a partir del 31 de diciembre de 2024. Durante el trimestre, Adient ejecutó $25M en recompra de acciones, comprando aproximadamente 1,2M de acciones.
La compañía ha actualizado su perspectiva para el FY25, manteniendo el extremo inferior de la guía de Adjusted-EBITDA debido a la reducción en las proyecciones de ventas, influenciada por el impacto del cambio y la disminución del volumen de clientes en las regiones EMEA y China.
Adient (NYSE: ADNT)가 2025년 1분기 재무 결과를 발표했습니다. GAAP 순이익과 희석 주당순이익(EPS)은 각각 $0M과 $0.00이며, 조정된 희석 EPS는 $0.27입니다. 이 회사는 조정된 EBITDA가 $196M에 달하며, 분기 동안 고객 생산량이 감소할 것이라는 예상과 일치합니다.
자동차 좌석 부문에서 선두주자인 Adient의 재무 상태는 약 $24억의 총 부채와 약 $15억의 순 부채를 보여줍니다. 2024년 12월 31일 기준으로 현금 및 현금성 자산은 $8억 6천만입니다. 분기 동안 Adient는 약 120만 주를 매입하여 $2500만의 자사주 매입을 실행했습니다.
회사는 FY25 전망을 업데이트하고, 외환 영향과 EMEA 및 중국 지역의 고객 수 감소로 인해 조정된 EBITDA 가이던스 범위의 하단을 유지했습니다.
Adient (NYSE: ADNT) a publié ses résultats financiers pour le premier trimestre 2025, rapportant un revenu net GAAP et un EPS dilué de $0M et $0,00 respectivement, avec un EPS dilué ajusté de $0,27. L'entreprise a réalisé un Adjusted-EBITDA de $196M, conformément aux attentes d'une production client plus faible au cours du trimestre.
La position financière du leader des sièges automobiles montre une dette brute d'environ ~$2,4B et une dette nette d'environ ~$1,5B, avec des liquidités et équivalents de liquidités s'élevant à $860M au 31 décembre 2024. Au cours du trimestre, Adient a réalisé des rachats d'actions pour un montant de $25M, rachetant environ 1,2M d'actions.
L'entreprise a mis à jour ses prévisions pour l'exercice 2025, maintenant la limite inférieure de la plage de guidance de l'Adjusted-EBITDA en raison d'une réduction des prévisions de ventes, influencée par les impacts de change et le volume réduit de clients dans les régions EMEA et Chine.
Adient (NYSE: ADNT) hat seine finanziellen Ergebnisse für das erste Quartal 2025 veröffentlicht und meldet einen GAAP-Nettoverlust sowie einen verwässerten EPS von $0M und $0,00, mit einem angepassten, verwässerten EPS von $0,27. Das Unternehmen erzielte ein Adjusted-EBITDA von $196M, was mit den Erwartungen für eine geringere Kundenproduktion im Quartal übereinstimmt.
Die Finanzlage des führenden Herstellers von Automobilsitzen zeigt eine Bruttoverschuldung von etwa ~$2,4B und eine Nettoverschuldung von etwa ~$1,5B, wobei die liquiden Mittel und Äquivalente zum 31. Dezember 2024 bei $860M standen. Im Quartal hat Adient $25M in Aktienrückkäufen durchgeführt und etwa 1,2M Aktien zurückgekauft.
Das Unternehmen hat seinen Ausblick für das Geschäftsjahr 2025 aktualisiert und den unteren Rand der angepassten EBITDA-Leitlinie aufgrund reduzierter Verkaufsprognosen beibehalten, die durch Wechselkursauswirkungen und verringertes Kundenvolumen in den Regionen EMEA und China beeinflusst wurden.
- Share repurchase program executed with $25M (~1.2M shares)
- Substantial cash position of $860M maintained
- Q1 Adj.-EBITDA of $196M met expectations
- Q1 GAAP net income and EPS at $0M and $0.00 respectively
- Reduced FY25 sales guidance due to lower volumes in EMEA and China
- Foreign exchange headwinds impacting sales outlook
Insights
Adient's Q1 FY25 results reveal a complex financial picture that warrants careful analysis. The stark contrast between $0.00 GAAP EPS and $0.27 adjusted EPS highlights significant non-recurring items or adjustments impacting the bottom line. The Adj.-EBITDA of $196M, while meeting expectations, reflects ongoing operational challenges from reduced customer production.
The company's financial position shows both strengths and concerns. While maintaining a healthy cash position of $860M provides operational flexibility, the gross debt of $2.4B and net debt of $1.5B represent significant leverage at about 1.9x trailing adjusted EBITDA. The $25M share repurchase program, while modest, signals management's confidence in cash flow generation despite headwinds.
The revised FY25 outlook maintaining only the lower end of Adj.-EBITDA guidance is particularly telling. This conservative stance stems from two critical factors:
- Currency headwinds impacting international revenue translation
- Volume challenges in EMEA and China markets, suggesting broader automotive industry weakness in these regions
The regional challenges in EMEA and China are especially concerning given these markets' historical importance to automotive suppliers. This could indicate a more prolonged cyclical downturn in key markets rather than temporary volatility.
- Q1 GAAP net income and EPS diluted of
$0M $0.00 $0.27 - Q1 Adj.-EBITDA of
$196M - Gross debt and net debt totaled
~ and$2.4B ~ , respectively, at December 31, 2024; cash and cash equivalents of$1.5B $860M - The company executed
$25M - The company provided an update to its FY25 outlook, maintaining lower end of Adj.-EBITDA guidance range, in light of reduced sales guidance driven by FX and lower customer volume in EMEA and
China
For complete details and to see reconciliations of non-GAAP measures to their most directly comparable GAAP measures, visit the events section of the Adient investor website at https://investors.adient.com/events-and-presentations/events to download the full press release and earnings presentation.
Investor analyst conference call:
Adient's president and chief executive officer, Jerome Dorlack, and executive vice president and chief financial officer, Mark Oswald, will host a conference call today at 8:00 a.m. Eastern to discuss the results. To participate by telephone, please dial 888-566-1827 (
About Adient:
Adient (NYSE: ADNT) is a global leader in automotive seating. With 70,000+ employees in 29 countries, Adient operates more than 200 manufacturing/assembly plants worldwide. We produce and deliver automotive seating for all major OEMs. From complete seating systems to individual components, our expertise spans every step of the automotive seat-making process. Our integrated, in-house skills allow us to take our products from research and design to engineering and manufacturing — and into millions of vehicles every year. For more information on Adient, please visit www.adient.com.
Cautionary Statement Regarding Forward-Looking Statements:
Adient has made statements in this document that are forward-looking and, therefore, are subject to risks and uncertainties. All statements in this document other than statements of historical fact are statements that are, or could be, deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. In this document, statements regarding Adient's expectations for its deleveraging activities, the timing, benefits and outcomes of those activities, as well as its future financial position, sales, costs, earnings, cash flows, other measures of results of operations, capital expenditures or debt levels and plans, objectives, market position, outlook, targets, guidance or goals are forward-looking statements. Words such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "should," "forecast," "project" or "plan" or terms of similar meaning are also generally intended to identify forward-looking statements. Adient cautions that these statements are subject to numerous important risks, uncertainties, assumptions and other factors, some of which are beyond Adient's control, that could cause Adient's actual results to differ materially from those expressed or implied by such forward-looking statements, including, among others, risks related to the effects of local and national economic, credit and capital market conditions (including the persistence of high interest rates, vehicle affordability and volatile currency exchange rates) on the global economy, automotive vehicle production levels, mix and schedules, as well as the concentration of exposure to certain automotive manufacturers, shifts in market shares among vehicles, vehicle segments or away from vehicles on which Adient has significant content, changes in consumer demand, risks associated with Adient's joint ventures, volatile energy markets, Adient's ability and timing of customer recoveries for increased input costs, the availability of raw materials and component products (including components required by Adient's customers for the manufacture of vehicles), geopolitical uncertainties such as the
Use of Non-GAAP Financial Information:
This document also contains non-GAAP financial information because Adient's management believes it may assist investors in evaluating Adient's on-going operations. Adient believes these non-GAAP disclosures provide important supplemental information to management and investors regarding financial and business trends relating to Adient's financial condition and results of operations. Investors should not consider these non-GAAP measures as alternatives to the related GAAP measures. Non-GAAP measures include Adjusted EBIT, Adjusted EBITDA, Adjusted net income, Adjusted effective tax rate, Adjusted earnings per share, Adjusted equity income, Adjusted interest expense, Free cash flow and Net debt. For further detail and reconciliations to their closest GAAP equivalents, please see the appendix.
Reconciliations of non-GAAP measures related to FY 2025 guidance have not been provided due to the unreasonable efforts it would take to provide such reconciliations. (This document also contains the key performance indicator of business performance, which is defined as the difference in period-over-period Adjusted EBITDA excluding production volume/mix, equity income, foreign exchange and net commodity pricing. Management believes this key performance indicator encompasses the significant drivers of the performance of the business that are within management's ability to influence and may assist investors in evaluating Adient's on-going operations and provide important supplemental information regarding financial and business trends relating to Adient's financial condition and results of operations. Investors should not consider this key performance indicator as an alternative to our GAAP financial results.)
ADNT-FN
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SOURCE Adient
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