Adient reports Q1 financial results; provides update to FY25 outlook

Core Viewpoint - Adient, a global leader in automotive seating, announced its first quarter 2025 financial results, highlighting challenges due to lower customer production and providing an updated outlook for the fiscal year [1][6]. Financial Performance - Q1 GAAP net income was reported at $0 million, with diluted EPS of$0.00; adjusted EPS was $0.27 [6]. - Adjusted EBITDA for Q1 was$196 million, aligning with expectations for reduced customer production during the quarter [6]. - As of December 31, 2024, gross debt and net debt were approximately $2.4 billion and$1.5 billion, respectively, with cash and cash equivalents totaling $860 million [6]. Shareholder Actions - The company executed$25 million in share repurchases, amounting to approximately 1.2 million shares during the quarter [6]. Outlook and Guidance - Adient updated its FY25 outlook, maintaining the lower end of the adjusted EBITDA guidance range due to reduced sales expectations driven by foreign exchange impacts and lower customer volumes in EMEA and China [6]. Company Overview - Adient operates over 200 manufacturing and assembly plants worldwide, employing more than 70,000 people across 29 countries, and provides automotive seating for all major OEMs [4].