US Market News
1月前
Adient reports second quarter financial resultsMay 6, 2026 6:50 AM
PR Newswire (US) PLYMOUTH, Mich., May 6, 2026 /PRNewswire/ -- Adient (NYSE: ADNT), a global leader in automotive seating, today announced its second quarter 2026 financial results. Q2 GAAP net income and EPS diluted of $27M and $0.34, respectively; Q2 Adj.-EPS diluted of $0.52Q2 Adj.-EBITDA of $223M; Adj.-EBITDA margin of 5.8%Gross debt and net debt totaled ~$2.4B and ~$1.6B, respectively, at March 31, 2026; cash and cash equivalents of $831M at March 31, 2026Adient is modestly raising its FY26 guidance despite $35M of increased input costs expected in H2 FY26For 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 8:30 a.m. Eastern to discuss the results. To participate by telephone, please dial 888-566-1827 (U.S.) or 773-799-3976 (international) 15 minutes prior to the start time of the call and ask to be connected to the Adient conference call. The conference passcode is ADIENT.About Adient:
Adient (NYSE: ADNT) is a global leader in automotive seating. With more than 65,000 employees in 29 countries, Adient operates ~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. We take our products from research and design to engineering and manufacturing — and into millions of vehicles every year. For more information, please visit www.adient.com.Cautionary Statement Regarding Forward-Looking Statements:
Adient has made statements in this document that are management's perspective of forward-looking information 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 future financial position, sales, costs, earnings, cash flows, other measures of results of operations, capital expenditures or debt levels and plans, objectives, outlook, targets, guidance or goals are forward-looking statements. Words such as "future," "may," "will," "would," "could," "can," "expect," "intend," "estimate," "anticipate," "believe," "should," "forecast," "predict", "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, increased competitive pressures in the EMEA and Asia regions from Chinese OEMs, uncertainties in U.S. administrative policy regarding trade agreements, tariffs and other international trade relations, automotive vehicle production levels, mix and schedules, as well as the concentration of exposure to certain automotive manufacturers particularly new entrants in the China market, 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), risks associated with warranty and product recall and product liability exposures, geopolitical uncertainties such as the Ukraine and Middle East conflicts and the impact on the regional and global economies and additional pressure on supply chain and vehicle production, the ability of Adient to effectively launch new business at forecast and profitable levels, the ability of Adient to successfully identify suitable opportunities for organic investment and/or acquisitions and to integrate such investments and/or acquisitions, work stoppages, including due to strikes, supply chain disruptions and similar events, wage inflationary pressures due to labor shortages and new labor negotiations, the ability of Adient to execute its restructuring plans and achieve the desired benefit, the ability of Adient to meet debt service requirements and terms of future financing, the impact of global tax reform legislation, the impact of more aggressive positions taken by tax authorities, potential adjustment of the value of deferred tax assets, global climate change and related emphasis on sustainability matters by various stakeholders, and the ability of Adient to achieve its sustainability-related goals, cancellation of, or changes to, commercial arrangements, and the ability of Adient to identify, recruit and retain key leadership. A detailed discussion of risks related to Adient's business is included in the section entitled "Risk Factors" in Adient's Annual Report on Form 10-K for the fiscal year ended September 30, 2025 filed with the U.S. Securities and Exchange Commission (the "SEC") on November 18, 2025, and in subsequent reports filed with or furnished to the SEC, available at www.sec.gov. Potential investors and others should consider these factors in evaluating the forward-looking statements and should not place undue reliance on such statements. The forward-looking statements included in this document are made only as of the date of this document, unless otherwise specified, and, except as required by law, Adient assumes no obligation, and disclaims any obligation, to update such statements to reflect events or circumstances occurring after the date of this document.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 2026 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 View original content:https://www.prnewswire.com/news-releases/adient-reports-second-quarter-financial-results-302763010.htmlSOURCE Adient Original: Adient reports second quarter financial results
US Market News
1月前
Adient acquires automotive seating foam plant in Romulus, MIApril 27, 2026 8:30 AM
PR Newswire (US)
PLYMOUTH, Mich., April 27, 2026 /PRNewswire/ -- Adient (NYSE: ADNT), a global leader in automotive seating, today announced that it has expanded its operational footprint by acquiring a foam production plant in Romulus, MI.The plant, which produces foam for seats for multiple automaker customers, joins Adient's network of 10 foam plants in the Americas region. Globally, the company has 30 foam manufacturing plants.Adient purchased the plant from automotive supplier Woodbridge. The agreement included the purchase of the existing building and land, production equipment, inventory and associated assets. Employees currently working at the plant will become Adient employees. The collective bargaining agreement with the UAW will remain in place."We are pleased to welcome the Romulus employees to the Adient family and add this important facility to our footprint. Our global scale and expertise in automotive seating makes this acquisition a positive move for our customers as well," said Jim Conklin, executive vice president Americas for Adient. With the addition of the Romulus foam plant, Adient continues its strategic growth plan, further positioning itself as a supplier and employer of choice.About Adient:Adient (NYSE: ADNT) is a global leader in automotive seating. With more than 65,000 employees in 29 countries, Adient operates ~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. We take our products from research and design to engineering and manufacturing — and into millions of vehicles every year. For more information, please visit www.adient.com.ADNT-FN
View original content:https://www.prnewswire.com/news-releases/adient-acquires-automotive-seating-foam-plant-in-romulus-mi-302753793.htmlSOURCE Adient
Original: Adient acquires automotive seating foam plant in Romulus, MI
US Market News
1月前
Adient Introduces ProForce Massage Flow SolutionApril 24, 2026 8:30 AM
PR Newswire (US)
PLYMOUTH, Mich., April 24, 2026 /PRNewswire/ -- Adient (NYSE: ADNT), a global leader in automotive seating, is advancing its mechanical massage portfolio with the commercialization of the ProForce Massage Flow solution. Building on the successful launch of the ProForce platform last year, the new solution delivers expanded massage coverage, modular integration, and mass-production-validated technologies. It is scheduled for production on two Chinese OEM models, underscoring Adient's strong innovation-to-execution capability.Moving module enabled dynamic experience
The Flow version features newly developed moving modules that significantly expand massage coverage to reach key fatigue-prone lower-back muscle groups. Multiple massage techniques, including kneading, tapping and rolling, can be applied individually or in combination, enabling a more dynamic and customizable massage experience.Platform-based design for flexible integration
The new solution adopts a platform-based, modular design that delivers clear benefits for automakers:Spring-mounted installation with broad compatibility:
A flexible spring-mounted structure enables easy integration across different seat frame platforms. The solution supports both front and rear seats, including seats with integrated ABS, helping OEMs shorten development cycles.Modular, quick-install configurations
Available in two-head and four-head modules, the solution supports flexible spec configurations based on vehicle positioning. Multiple massage variants can be deployed on the same platform, improving development efficiency.Mass-Production Validated Technologies
The Flow solution inherits core technologies from the Focus solution that have been validated in multiple mass-production vehicles:Professional performance: ProForce Massage delivers significantly higher force than pneumatic systems, providing more effective fatigue relief.Resettable safety design: a multi-stage collapsible mechanism allows the massage heads to retract in the event of a collision and automatically reset afterward.Integrated comfort functionality: designed for seamless integration with lumbar support, ventilation and heating functions.Proven durability: wear-resistant upholstery materials validated in mass production ensure long-term reliability.Long-lasting refined appearance: Adient's proprietary Magic Trim assembly maintains a smooth, premium surface over time, while meeting automotive durability standards.The ProForce Massage Flow solution further expands Adient's seating comfort portfolio with a more dynamic and versatile massage experience, which reflects how Adient is leveraging innovation to drive premium content, strengthen customer relationships, and support sustainable growth over time.About Adient:
Adient (NYSE: ADNT) is a global leader in automotive seating. With more than 65,000 employees in 29 countries, Adient operates ~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. We take our products from research and design to engineering and manufacturing — and into millions of vehicles every year. For more information, please visit www.adient.com.ADNT-FN
View original content:https://www.prnewswire.com/news-releases/adient-introduces-proforce-massage-flow-solution-302752497.htmlSOURCE Adient
Original: Adient Introduces ProForce Massage Flow Solution
US Market News
2月前
Adient launches StepJoy foot massage innovationApril 10, 2026 8:00 AM
PR Newswire (US)
PLYMOUTH, Mich., April 10, 2026 /PRNewswire/ -- As consumer expectations for in-vehicle comfort continue to rise, Adient (NYSE: ADNT), a global leader in automotive seating, is expanding its massage offerings with the launch of StepJoy, its latest foot massage innovation. First introduced globally on automaker NIO's ES9 model, StepJoy brings an automotive-grade foot massage solution into mass production, delivering deep foot relaxation inside the vehicle cabin.
Foot massage first in the vehicle cabin
StepJoy adopts a cam-based mechanism to provide a foot-sole massage experience across the occupant's forefoot and arch. The system integrates two synchronized cam modules to achieve a balance between strong massage performance, compact packaging and cost efficiency.Space-saving, flexible design
The slim and highly integrated design fits easily into a vehicle's seating layout. When not in use, StepJoy stows into the seatback to save space; in the deployed position, it can also function as a footrest. A heating feature can be added based on OEM requirements, further elevating the end-user's comfort experience.Proven expertise, validated technology
To ensure long-term durability and a premium feel, StepJoy incorporates Adient's Magic Trim seat cover assembly, a proprietary solution already validated in mass production. Using high-stretch materials, Magic Trim maintains a smooth and premium surface over time while meeting automotive durability standards.With StepJoy, Adient extends its seating comfort portfolio beyond the back and lumbar regions to address foot fatigue, enabling automakers to further differentiate their cabin experience and deliver a more relaxing journey for passengers.About Adient:
Adient (NYSE: ADNT) is a global leader in automotive seating. With more than 65,000 employees in 29 countries, Adient operates ~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. We take our products from research and design to engineering and manufacturing — and into millions of vehicles every year. For more information, please visit www.adient.com.ADNT-FN
View original content to download multimedia:https://www.prnewswire.com/news-releases/adient-launches-stepjoy-foot-massage-innovation-302738655.htmlSOURCE Adient
Original: Adient launches StepJoy foot massage innovation
US Market News
3月前
Adient announces new Sculpted Soft Trim breakthrough productFebruary 23, 2026 8:30 AM
PR Newswire (US)
PLYMOUTH, Mich., Feb. 23, 2026 /PRNewswire/ -- Adient (NYSE: ADNT), a global leader in automotive seating, today announced its latest breakthrough innovation, Sculpted Soft Trim. This unique product offers fresh aesthetics and new design opportunities for vehicle seats.Sculpted Soft Trim is a soft, breathable, formed trim solution that can be used to create large trim panels or smaller, simpler parts like rear seat child seat anchor trim covers, armrests, headrests or other intricate parts. It utilizes an automated process to form these parts, reducing the amount of sewing required compared to today's trim covers.Sculpted Soft Trim offers advantages in areas of complex sewing and concave surfaces, reducing trim patterns and sewing labor while improving challenging craftsmanship executions. Details can be added to seat trim through that were previously not achievable with traditional seat trim methods, offering new levels of design freedom. For example, with standard cut and sew, child seat anchor locations in the rear seats are an area where craftsmanship can be a challenge. Now, one Sculpted Soft Trim pattern can replace what historically took up to twelve individual patterns and sew lines to create – with a much higher level of craftsmanship. Additionally, Sculpted Soft Trim allows for firmness to be varied for the best look and feel for the application.Among the many benefits and uses of Sculpted Soft Trim:Enables easy execution across a wide range of fabric and vinyl materialsComplex 3-dimensional shape and concavity is achievable, without washing out grain detailDetailed parts such as belts or child seat anchor pockets can be replaced with the trim to reduce sew labor and improve craftsmanship, with consistent resultsEmbossed/debossed textural patterns can be added easily in the same tool and process and, additionally, graphics and badging can be easily created for customization or to differentiate between brandsDissimilar materials can be pre-sewn and formed, offering a wide variety of trim options"Sculpted Soft Trim fundamentally changes what's possible in seat trim design by combining premium aesthetics with meaningful manufacturing efficiency," said Mike Maddelein, Adient's vice president of engineering in the Americas. "With cycle times reduced to roughly 50% of traditional forming methods, this technology delivers both speed and quality. In addition, decorative sewing, quilting and embossed or debossed features introduce another level of specialization, all executed with tight tolerance control to ensure consistent, high-end craftsmanship at scale."Adient's Sculpted Soft Trim is currently available globally and will be in production on seats in multiple OEMs' vehicles this year.About Adient:
Adient (NYSE: ADNT) is a global leader in automotive seating. With more than 65,000 employees in 29 countries, Adient operates ~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. We take our products from research and design to engineering and manufacturing — and into millions of vehicles every year. For more information, please visit www.adient.com.ADNT-FN
View original content:https://www.prnewswire.com/news-releases/adient-announces-new-sculpted-soft-trim-breakthrough-product-302693708.htmlSOURCE Adient
Original: Adient announces new Sculpted Soft Trim breakthrough product
US Market News
4月前
Adient reports solid first quarter financial results; raises guidance for FY2026February 4, 2026 6:50 AM
PR Newswire (US)
PLYMOUTH, Mich., Feb. 4, 2026 /PRNewswire/ -- Adient (NYSE: ADNT), a global leader in automotive seating, today announced its first quarter 2026 financial results.
Q1 GAAP net loss and EPS diluted of $(22)M and $(0.28), respectively; Q1 Adj.-EPS diluted of $0.35Q1 Adj.-EBITDA of $207M, a $11M y-o-y improvement; Adj.-EBITDA margins increased from 5.6% to 5.7% y-o-yGross debt and net debt totaled ~$2.4B and ~$1.5B, respectively, at December 31, 2025; cash and cash equivalents of $855M at December 31, 2025The company returned $25M to its shareholders in Q1 FY2026, repurchasing ~1.2M sharesThe company raised its FY26 guidance for revenue, Adj.-EBITDA and FCF to $14.6B, $880M, and $125M, respectively, underpinned by an improved vehicle production outlook and the company's expectation of continued positive business performance.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 8:30 a.m. Eastern to discuss the results. To participate by telephone, please dial 888-566-1827 (U.S.) or 773-799-3976 (international) 15 minutes prior to the start time of the call and ask to be connected to the Adient conference call. The conference passcode is ADIENT.About Adient:
Adient (NYSE: ADNT) is a global leader in automotive seating. With more than 65,000 employees in 29 countries, Adient operates ~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. We take our products from research and design to engineering and manufacturing — and into millions of vehicles every year. For more information, please visit www.adient.com.Cautionary Statement Regarding Forward-Looking Statements:
Adient has made statements in this document that are management's perspective of forward-looking information 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 future financial position, sales, costs, earnings, cash flows, other measures of results of operations, capital expenditures or debt levels and plans, objectives, outlook, targets, guidance or goals are forward-looking statements. Words such as "future," "may," "will," "would," "could," "can," "expect," "intend," "estimate," "anticipate," "believe," "should," "forecast," "predict", "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, increased competitive pressures in the EMEA and Asia regions from Chinese OEMs, uncertainties in U.S. administrative policy regarding trade agreements, tariffs and other international trade relations, automotive vehicle production levels, mix and schedules, as well as the concentration of exposure to certain automotive manufacturers particularly new entrants in the China market, 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), risks associated with warranty and product recall and product liability exposures, geopolitical uncertainties such as the Ukraine and Middle East conflicts and the impact on the regional and global economies and additional pressure on supply chain and vehicle production, the ability of Adient to effectively launch new business at forecast and profitable levels, the ability of Adient to successfully identify suitable opportunities for organic investment and/or acquisitions and to integrate such investments and/or acquisitions, work stoppages, including due to strikes, supply chain disruptions and similar events, wage inflationary pressures due to labor shortages and new labor negotiations, the ability of Adient to execute its restructuring plans and achieve the desired benefit, the ability of Adient to meet debt service requirements and terms of future financing, the impact of global tax reform legislation, the impact of more aggressive positions taken by tax authorities, potential adjustment of the value of deferred tax assets, global climate change and related emphasis on sustainability matters by various stakeholders, and the ability of Adient to achieve its sustainability-related goals, cancellation of, or changes to, commercial arrangements, and the ability of Adient to identify, recruit and retain key leadership. A detailed discussion of risks related to Adient's business is included in the section entitled "Risk Factors" in Adient's Annual Report on Form 10-K for the fiscal year ended September 30, 2025 filed with the U.S. Securities and Exchange Commission (the "SEC") on November 18, 2025, and in subsequent reports filed with or furnished to the SEC, available at www.sec.gov. Potential investors and others should consider these factors in evaluating the forward-looking statements and should not place undue reliance on such statements. The forward-looking statements included in this document are made only as of the date of this document, unless otherwise specified, and, except as required by law, Adient assumes no obligation, and disclaims any obligation, to update such statements to reflect events or circumstances occurring after the date of this document.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 2026 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
View original content:https://www.prnewswire.com/news-releases/adient-reports-solid-first-quarter-financial-results-raises-guidance-for-fy2026-302678515.htmlSOURCE Adient
Original: Adient reports solid first quarter financial results; raises guidance for FY2026
TREND1
9年前
On October 31, 2016, Adient plc ("Adient" or the "Company") became an independent company as a result of the separation of the automotive seating and interiors businesses of Johnson Controls International plc ("JCI", "Johnson Controls" or "Parent"). Adient was incorporated under the laws of Ireland on June 24, 2016 for the purpose of holding these businesses. Adient's ordinary shares began trading "regular-way" under the ticker symbol "ADNT" on the New York Stock Exchange on October 31, 2016. Upon becoming an independent company, the capital structure of Adient consisted of 500 million authorized ordinary shares and 100 million authorized preferred shares (par value of $ 0.001 per ordinary and preferred share). The number of Adient ordinary shares issued on October 31, 2016 was 93,671,810.
Adient is the world's largest automotive seating supplier. Adient has a leading market position in the Americas, Europe and China, and has longstanding relationships with the largest global original equipment manufacturers, or OEMs, in the automotive space. Adient's proprietary technologies extend into virtually every area of automotive seating solutions, including complete seating systems, frames, mechanisms, foam, head restraints, armrests, trim covers and fabrics. Adient is an independent seat supplier with global scale and the capability to design, develop, engineer, manufacture, and deliver complete seat systems and components in every major automotive producing region in the world. Adient also participates in the automotive interiors market primarily through its global automotive interiors joint venture in China, Yanfeng Global Automotive Interior Systems Co., Ltd., or YFAI.