Adient plc reported second quarter ended March 31, 2026 results: revenue $ 3,865, net income $ 27, EPS $ 0.34.
“Appendix Page 1 Adient plc Condensed Consolidated Statements of Income (Loss) (Unaudited) Three Months Ended March 31, (in millions, except per share data) 2026 2025 Net sales $ 3,865 $ 3,611 Cost of sales 3,608 3,350 Gross profit 257 261 Selling, general and administrative expenses 138 144 Restructuring and impairment costs 5 351 Equity income 13 18 Earnings (loss) before interest and income taxes 127 (216) Net financing charges 48 48 Other pension expense 3 1 Income (loss) before income taxes 76 (265) Income tax provision 32 48 Net income (loss) 44 (313) Income attributable to noncontrolling interests 17 22 Net income (loss) attributable to Adient $ 27 $ (335) Diluted earnings (loss) per share $ 0.34 $ (3.99) Shares outstanding at period end 78.4 84.0 Diluted weighted average shares 79.3 84.0”
Material Agreements
Adient plc amended Amendment with Bank of America, N.A., as administrative agent and collateral agent valued at $624,000,000 (effective 2026-01-15).
“On January 15, 2026 (the “Amendment Effective Date”), Adient US LLC, a Michigan limited liability company (the “Lead Borrower”), Adient Global Holdings S.à.r.l., a private limited liability company ( société à responsabilité limitée ) incorporated under the laws of the Grand Duchy of Luxembourg (together with the Lead Borrower, the “Borrowers” and each, a “Borrower”), Adient plc (“Parent”) and certain of Parent’s other subsidiaries entered into an amendment (the “Amendment”) to the Term Loan Credit Agreement, dated as of May 6, 2019 (as amended prior to the Amendment Effective Date, the “Existing Credit Agreement” and, as amended by the Amendment, the “Credit Agreement”), among the Borrowers, each of the lenders identified therein and Bank of America, N.A., as administrative agent and collateral agent (the “Agent”).”
Debt Financings
Adient plc amended term loan of $624,000,000 with Bank of America, N.A., as administrative agent and collateral agent at 2.00%, in the case of Term SOFR loans, and 1.00%, in the case of Base Rate loans.
“to 2.00%, in the case of Term SOFR loans, and 1.00%, in the case of Base Rate loans. The total loans outstanding under the Credit Agreement as of the Amendment Effective Date of $624,000,000 remained unchanged. The obligations under the Credit Agreement continue to be guaranteed on a secured basis by Parent and certain of its material wholly-owned restricted”
Debt Financings
Adient plc amended revolving credit of $1,000,000,000 with JPMorgan Chase Bank, N.A. maturing five years from the Amendment Effective Date.
“extends the maturity date under the Amended Credit Agreement to the date that is five years from the Amendment Effective Date and (ii) reduces the aggregate commitments under the Amended Credit Agreement to $1,000,000,000”
Earnings Releases
Adient plc reported financial results for the second quarter ended March 31, 2024.
“On May 3, 2024, Adient plc (the “Company”) issued a news release announcing its financial results for the second quarter ended March 31, 2024.”
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