Adient reports strong Q2 financial results; provides update to FY24 outlook
ADNTAdient(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)Mand(70)M and (0.77), respectively; Q2 Adj.-EPS diluted of 0.54Q2Adj.−EBITDAof0.54 Q2 Adj.-EBITDA of 227M, up 12My−o−y,withAdj.−EBITDAmarginof6.112M 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,atMarch31,2024;cashandcashequivalentsof1.6B, respectively, at March 31, 2024; cash and cash equivalents of 905M at March 31, 2024 T ...