Strong Third Quarter Results
Adient reported increased adjusted EBITDA by $24 million to $226 million, with an improvement in adjusted EBITDA margins by 60 basis points.
Positive Free Cash Flow
The company generated strong free cash flow of $115 million in Q3, maintaining a cash balance of $860 million and ample liquidity of $1.7 billion.
Significant New Business Wins
Adient secured new business wins, including U.S. onshoring initiatives with Nissan and another Asia OEM, and significant new conquest business in Europe with Mercedes VAN C-Large.
Recognition for Quality and Customer Service
Adient received multiple awards such as GAC Toyota's Quality Collaboration Award, GM Supplier Quality Excellence Awards, and Ford Supplier of the Year.
Increased Guidance for Fiscal Year 2025
Adient raised its guidance for revenue and adjusted EBITDA to $14.4 billion and $875 million, respectively.
Share Repurchase Program
The company repurchased $50 million in shares during the quarter, bringing total repurchases for the fiscal year to $75 million, approximately 4% of outstanding shares.