Adient reports Q1 financial results; reaffirms FY24 outlook
ADNTAdient(ADNT) Prnewswire·2024-02-07 19:50

PLYMOUTH, Mich., Feb. 7, 2024 /PRNewswire/ -- Adient (NYSE: ADNT), a global leader in automotive seating, today announced its first quarter 2024 financial results. Q1 GAAP net income and EPS diluted of $20M and $0.21, respectively; Q1 Adj.-EPS diluted of $0.31 Q1 Adj.-EBITDA of $216M, up $4M y-o-y, the seventh consecutive quarter of y-o-y improvement Gross debt and net debt totaled ~$2.5B and ~$1.6B, respectively, at December 31, 2023; cash and cash equivalents of $990M at December 31, 2023 The company exe ...