PLYMOUTH, Mich., Feb. 5, 2021 /PRNewswire/ — Adient (NYSE: ADNT), a world wide leader in automotive seating, now introduced to start with quarter 2021 economic final results.
- Q1 GAAP net profits and EPS diluted of $150M and $1.58 respectively Q1 Adj.-EPS diluted of $1.71
- Q1 Adj.-EBITDA of $378M, up $81M y-o-y Q1 Adj. EBITDA margin of 9.8%, up 228 bps y-o-y
- Funds and cash equivalents of $1,820M at Dec. 31, 2020 total liquidity at Dec. 31, 2020, was ~$2.8B
- Adient issued its 2020 Sustainability Report — highlighting the company’s determination to functioning its business in an environmentally liable method
For full facts and to see reconciliations of non-GAAP actions to their most straight equivalent GAAP measures, take a look at the functions portion of the Adient trader web site at www.traders.adient.com/occasions-and-shows/occasions to download the total push launch and earnings presentation.
Investor analyst meeting connect with:
Adient’s president and chief executive officer, Douglas Del Grosso, and executive vice president and chief economic officer, Jeff Stafeil, will host a convention simply call nowadays at 8:30 a.m. Jap to talk about the final results. To participate by telephone, please dial 800-779-1454 (U.S.) or 312-470-7220 (worldwide) 15 minutes prior to the commence time of the get in touch with and inquire to be connected to the Adient conference get in touch with. The conference passcode is ADIENT.
Adient (NYSE: ADNT) is a global leader in automotive seating. With approximately 77,000 workforce in 32 nations around the world, Adient operates 202 production/assembly crops throughout the world. We create and provide automotive seating for all big OEMs. From entire seating programs to individual parts, our skills spans every step of the automotive seat-producing system. Our built-in, in-house capabilities allow us to take our solutions from exploration and style to engineering and producing — and into far more than 19 million motor vehicles each 12 months. For more details on Adient, make sure you pay a visit to www.adient.com.
Cautionary Statement Relating to Ahead-Wanting Statements:
Adient has built statements in this doc that are forward-searching and, therefore, are issue to pitfalls and uncertainties. All statements in this doc other than statements of historical point are statements that are, or could be, considered “forward- hunting statements” in the that means of the Personal Securities Litigation Reform Act of 1995. In this doc, statements with regards to Adient’s upcoming financial placement, income, charges, earnings, income flows, other actions of benefits of functions, money expenses or financial debt degrees and options, targets, marketplace posture, outlook, targets, steering or goals are forward-looking statements. Words these kinds of as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “forecast,” “project” or “plan” or conditions of comparable this means are also frequently intended to identify ahead-searching statements. Adient cautions that these statements are topic to quite a few vital threats, uncertainties, assumptions and other factors, some of which are past Adient’s control, that could induce Adient’s true outcomes to vary materially from those expressed or implied by these types of forward-looking statements, together with, among the some others, threats similar to: the continued financial and operational impacts of and uncertainties relating to the COVID-19 pandemic on Adient and its shoppers, suppliers, joint enterprise companions and other functions, the potential of Adient to execute its turnaround approach, the capability of Adient to proficiently launch new business at forecast and profitable amounts, the potential of Adient to satisfy personal debt provider prerequisites, the conditions of financing, the effects of tax reform legislation by the Tax Cuts and Positions Act and/ or less than a new U.S. presidential administration, uncertainties in U.S. administrative policy relating to trade agreements, tariffs and other worldwide trade relations like as may perhaps be impacted by the modify in U.S. presidential administration, standard financial and organization disorders, the power of the U.S. or other economies, automotive car or truck creation concentrations, mix and schedules, variations in purchaser demand from customers, get the job done stoppages and equivalent activities, worldwide local weather change and associated emphasis on ESG matters by a variety of stakeholders, energy and commodity charges, the availability of uncooked resources and part items, forex trade rates and cancellation of or improvements to business preparations, and the means of Adient to determine, recruit and keep key leadership. A detailed dialogue of hazards linked to Adient’s organization is bundled in the portion entitled “Risk Factors” in Adient’s Yearly Report on Type 10-K for the fiscal calendar year ended September 30, 2020 filed with the SEC on November 30, 2020, and in subsequent experiences filed with or furnished to the SEC, accessible at www.sec.gov. Likely buyers and some others ought to consider these factors in evaluating the forward-seeking statements and should not position undue reliance on this kind of statements. The forward-looking statements involved in this doc are manufactured only as of the date of this doc, except otherwise specified, and, except as expected by regulation, Adient assumes no obligation, and disclaims any obligation, to update these types of statements to replicate activities or circumstances developing just after the date of this doc.
In addition, this document includes specific projections furnished by Adient with respect to the anticipated foreseeable future functionality of Adient’s companies. This kind of projections mirror several assumptions of Adient’s administration relating to the long run functionality of Adient’s businesses, which may perhaps or may not establish to be suitable. The true effects might vary from the expected results and such versions could be product. Adient does not undertake any obligation to update the projections to mirror occasions or circumstances or changes in expectations soon after the day of this document or to mirror the occurrence of subsequent situations. No representations or warranties are made as to the accuracy or reasonableness of these kinds of assumptions or the projections primarily based thereon.
Perspective unique content material to download multimedia: http://www.prnewswire.com/information-releases/adient-stories-robust-initially-quarter-2021-economic-results-301222854.html