Adient reports strong Q2 financial results; provides update to FY24 outlook
Adient(ADNT) Prnewswire·2024-05-03 18:50
PLYMOUTH, Mich., May 3, 2024 /PRNewswire/ -- Adient (NYSE: ADNT), a global leader in automotive seating, today announced its second quarter 2024 financial results. Q2 GAAP net income and EPS diluted of $(70)M and $(0.77), respectively; Q2 Adj.-EPS diluted of $0.54 Q2 Adj.-EBITDA of $227M, up $12M y-o-y, with Adj.-EBITDA margin of 6.1%, a 60 bps improvement vs. prior year Gross debt and net debt totaled ~$2.5B and ~$1.6B, respectively, at March 31, 2024; cash and cash equivalents of $905M at March 31, 2024 ...