Adient Q4 net income $135M ($1.42 EPS); FY revenue $15.4B, adjusted EBITDA $938M

Adient plc

2023-FY EPS reported $2.15 revenue$15,395,000,000

Q4 net sales $3.73B (up 2% YoY); GAAP net income $135M vs $45M a year ago.
FY2023 net sales $15.4B (up 9%); net income $205M vs loss of $120M in FY2022.
FY adjusted EBITDA $938M (up 39% YoY); net leverage ratio improved to 1.52x from 2.42x.
Asia segment adjusted EBITDA $113M in Q4 (15.1% margin); Americas $100M, EMEA $48M.
FY free cash flow $415M; company repurchased $65M of shares during fiscal year.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Adient plc reported financial results for fourth quarter and fiscal year ended September 30, 2023.

Period: fourth quarter and fiscal year ended September 30, 2023
Result: reported results

Exact text from the filing

On November 8, 2023, Adient plc (the “Company”) issued a news release announcing its financial results for the fourth quarter and fiscal year ended September 30, 2023. The news release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

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Source: SEC EDGAR

accession 0001670541-23-000150

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