Author: Adient Official News

Adient reports third quarter 2018 financial results

PLYMOUTH, Mich., July 26, 2018 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, today announced third quarter earnings. Q3 GAAP net income and EPS diluted of $54 million and $0.58, respectively Q3 Adjusted-EBIT and Adjusted-EBITDA of $206 million and $319 million, respectively Q3 Adjusted-EPS diluted of $1.45 Q3 free cash flow of… Continue reading Adient reports third quarter 2018 financial results

Adient Declares Quarterly Dividend

PLYMOUTH, Mich., June 5, 2018 /PRNewswire/ — The board of directors of Adient plc (NYSE: ADNT), a global leader in automotive seating, today announced that its Board of Directors declared a quarterly cash dividend of $0.275 per ordinary share, payable on August 15, 2018 to shareholders of record at the close of business on July 18,… Continue reading Adient Declares Quarterly Dividend

Adient Announces Leadership Transition Plan

PLYMOUTH, Mich., June 11, 2018 /PRNewswire/ — Adient plc (NYSE: ADNT), a global leader in automotive seating, today announced its Board of Directors has appointed Frederick A. Henderson interim Chief Executive Officer and John M. Barth, Adient’s current Lead Director, interim Chairman of Adient’s Board. Henderson was most recently chief executive officer of SunCoke and, prior to… Continue reading Adient Announces Leadership Transition Plan

Adient reports second quarter 2018 financial results

PLYMOUTH, Mich., May 3, 2018 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, today announced second quarter earnings. Q2 GAAP net income and EPS diluted of $(168) million and $(1.80), respectively; GAAP results reflect a net $279 million non-cash goodwill impairment charge related to ADNT’s SS&M segment Q2 Adjusted-EBIT and Adjusted-EBITDA of… Continue reading Adient reports second quarter 2018 financial results

Adient to discuss Q1 fiscal 2018 financial results on January 29, 2018

PLYMOUTH, Mich., Jan. 3, 2018 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, will host a call for financial analysts on January 29, 2018 at 8:30 a.m. (ET) to discuss its first quarter fiscal 2018 financial results. The call will be hosted by Adient’s Chairman and Chief Executive Officer, R. Bruce McDonald… Continue reading Adient to discuss Q1 fiscal 2018 financial results on January 29, 2018

Adient’s Q1 results impacted by headwinds in Seat Structures & Mechanisms (SS&M) business

PLYMOUTH, Mich., Jan. 29, 2018 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, today announced first quarter earnings. Q1 GAAP net income and EPS diluted of $(216) million and $(2.32), respectively; Q1 adjusted-EPS diluted of $1.06 Q1 Adjusted-EBIT of $163 million (margin of 3.9%) Cash and cash equivalents of $390 million at December… Continue reading Adient’s Q1 results impacted by headwinds in Seat Structures & Mechanisms (SS&M) business

Adient announces Peter H. Carlin to join automotive seat supplier’s Board of Directors

PLYMOUTH, Mich., May 18, 2018 /PRNewswire/ — Adient plc (NYSE: ADNT), a global leader in automotive seating, today announced the appointment of Peter H. Carlin to Adient’s Board of Directors, effective June 4, 2018. “We are pleased to welcome Peter to Adient’s Board of Directors,” said Bruce McDonald, Adient Chairman and Chief Executive Officer.  “Over the… Continue reading Adient announces Peter H. Carlin to join automotive seat supplier’s Board of Directors