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February 5, 2021

Adient records Q1 net income of US$150m

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

By Rhodri Morgan

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.

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.

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