Adient reports fourth quarter and full-year 2024 financial results; provides full-year FY2025 outlook

Financial Performance - Adient reported Q4 GAAP net income of $79 million and diluted EPS of$0.91, with adjusted EPS of $0.68 [2] - Q4 adjusted EBITDA was$235 million, remaining flat year-over-year, while the adjusted EBITDA margin increased by 30 basis points to 6.6% [2] - For the full fiscal year 2024, Adient generated $277 million in free cash flow and returned$275 million to shareholders through share repurchases, alongside paying down approximately $130 million in debt [2] Debt and Cash Position - As of September 30, 2024, Adient's gross debt and net debt were approximately$2.4 billion and $1.5 billion, respectively, with cash and cash equivalents totaling$945 million [2] Future Outlook - Looking ahead to fiscal year 2025, Adient anticipates approximately flat adjusted EBITDA, with business performance expected to offset lower volumes, leading to flat to improved total margins [2]