Improved Business Performance
Adient achieved $196 million of adjusted EBITDA and generated $45 million in free cash flow despite a 5% year-over-year decline in revenue. Decremental margins were contained to approximately 12%, below the typical 18%.
Strong Balance Sheet and Share Repurchases
Adient's balance sheet remains strong with ample liquidity, including $860 million of cash on hand at the end of Q1. The company repurchased $25 million in stock in Q1, bringing total share repurchases so far in fiscal 2025 and 2024 to $300 million.
Sustainability Achievements
Adient reported a 38% reduction in Scope 1 and Scope 2 greenhouse gas emissions from the base year and 29% utilization of renewable electricity.
Winning New Business in China
Adient won new and replacement business with about $1 billion of annual revenue in fiscal 2024, 90% of which is with local Chinese OEMs.