Adient Q2 revenue up 12% to $3.91B; adjusted EBITDA rises to $215M

Adient plc

2023-Q2 EPS reported -$0.03 revenue$7,611,000,000

Net sales $3.912B, +11.6% YoY; gross profit $250M vs $178M.
GAAP net loss $(15)M (EPS -$0.16) vs $(81)M; adjusted net income $31M ($0.32 EPS).
Adjusted EBITDA $215M vs $159M; margin 5.5% vs 4.5%.
Segment Adj. EBITDA: Americas $72M (4.1%), EMEA $53M, Asia $113M (14.6%).
Free cash flow $70M vs $(28)M; net debt $1.707B vs $1.631B at Sep 30.

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