Adient has posted first-quarter net income of US$150m, while adjusted EBITDA rose US$81m to US$378m.

“Adient’s unerring focus on our improvement plan resulted in a strong start to FY21, giving us a solid path to achieving our FY21 commitments and further positioning the company for sustained, long-term success,” said Adient president and CEO, Doug Del Grosso.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The supplier added the “strong start” to the year lays a firm foundation for the company to deliver on its FY21 commitments, which include earnings and cash flow growth, as well as accelerated debt repayment.

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now