Adient Q3 net loss narrows to $30M; adjusted EPS $0.08 vs. ($0.53) y/y

Adient plc

2022-Q3 EPS reported -$1.74 revenue$10,471,000,000

Net sales $3,485M (+7.5% YoY); gross profit $173M vs. $150M.
Adjusted EBITDA $143M vs. $118M; Americas segment EBITDA tripled to $70M.
Asia EBITDA fell to $64M (10.2% margin) from $92M (17.8%) on lower volumes.
Free cash flow negative $30M vs. positive $162M in prior-year quarter.
Net debt $1,835M, down from $2,175M at Sep 2021, helped by debt repayment.

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