Adient ADNT reported adjusted earnings per share (EPS) of 69 cents for the second quarter of fiscal 2025. Earnings rose from 54 cents recorded in the year-ago period and surpassed the Zacks Consensus Estimate of 36 cents.
The company generated net sales of $3.61 billion, which decreased 4% year over year but beat the Zacks Consensus Estimate of $3.47 billion.
Adient price-consensus-eps-surprise-chart | Adient Quote
Adient currently operates through three reportable segments — Americas, including North America and South America; Europe, which includes the Middle East and Africa (EMEA); and Asia Pacific/China (Asia).
In the reported quarter, the Americas segment recorded revenues of $1.70 billion, which rose 2.3% from the year-ago period and topped the Zacks Consensus Estimate of $1.59 billion. The segment recorded an adjusted EBITDA of $94 million, which increased from $80 million recorded in the prior-year quarter due to favorable volume and mix, improved business performance and favorable impact of forex movements. The metric also surpassed the Zacks Consensus Estimate of $79 million.
The EMEA segment registered revenues of $1.23 billion, which declined 10.1% year over year but topped the Zacks Consensus Estimate of $1.16 billion. The segment recorded an adjusted EBITDA of $50 million, which declined from $57 million generated in the year-ago period due to headwinds from volume/mix and the unfavorable impact of forex movement. The metric, however, surpassed the Zacks Consensus Estimate of $33.39 million
In the fiscal second quarter, revenues in the Asia segment came in at $707 million, which fell from $742 million in the second quarter of fiscal 2024 and missed the Zacks Consensus Estimate of $736 million. The segment recorded an adjusted EBITDA of $110 million, slightly down from $112 million recorded in the corresponding quarter of fiscal 2024 due to unfavorable volume and mix in China. The figure also missed the Zacks Consensus Estimate of $114 million.
(Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
Adient had cash and cash equivalents of $754 million as of March 31, 2025, compared with $945 million as of Sept. 30, 2024.
As of March 31, 2025, long-term debt amounted to $2.39 billion.
Capital expenditures totaled $109 million compared with $124 million in the prior-year quarter.
Adient envisions fiscal 2025 revenues to be $13.9 billion, the same as the previous estimate. Adjusted EBITDA is estimated to be $850 million, the same as the previous estimate. Equity income is projected to be $80 million.
Free cash flow is now anticipated to be in the range of $150-$170 million, down from the previous estimate of $180 million. Capex is estimated to be $285 million. Cash tax is expected to be $105 million. Interest expenses are projected to be $190 million, up from the previous estimate of $185 million.