Adient has booked a first-quarter net loss of US$54m, while adjusted EBITDA was US$146m, down US$232m y-o-y (down US$179m when adjusting for portfolio actions executed in FY21)

“As expected entering FY22, many of the macro factors that influenced the industry last year continue to affect our results in early 2022,” said Adient president and CEO, Doug Del Grosso.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

“The team is committed to driving the business forward to further position Adient for sustained success.”

For his part, Adient EVP and CFO, Jeff Stafeil, added: “The transformation of Adient’s balance sheet continues in FY22 with the recently announced US$800m debt tender offers.

“The voluntary debt repayments, combined with a continued focus on operational excellence, places Adient on solid footing to achieve its target leverage threshold.”

https://investors.adient.com/~/media/Files/A/Adient-IR/documents/q1-fy22-earnings-infographic-final-consolidated.pdf

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

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