• Impacted by one-time, non-cash charges, Q4 GAAP net loss and EPS diluted of $(36)M and $(0.38) respectively; Q4 Adj.-EPS diluted of $1.15
• Q4 Adj.-EBIT and Adj.-EBITDA of USD 199 million and USD 287 million, respectively; Q4 Adj.-EBITDA up 33 % y-o-y despite an 8 % decrease in revenue (Q4 revenue impacted by lower y-o-y global production volumes and Adient specific launches)
• Cash and cash equivalents of USD 1692 million at Sept. 30, 2020; total liquidity ~USD 2.5billion at Sept. 30, 2020
• Gross debt and net debt totaled USD 4307 million and USD 2615 million, respectively, at Sept. 30, 2020; the company voluntarily began to repay a portion of its debt in Q4 (USD 103.5million in principal using USD 99.8 million in cash)
For complete details and to see reconciliations of non-GAAP measures to their most directly comparable GAAP measures, visit the events section of the Adient investor website at http://www.investors.adient.com/events-and-presentations/events to download the full press release and earnings presentation.
Adient (NYSE: ADNT) is a global leader in automotive seating. With approximately 77000 employees in 32 countries, Adient operates 202 manufacturing/assembly plants worldwide. We produce and deliver automotive seating for all major OEMs. From complete seating systems to individual components, our expertise spans every step of the automotive seat-making process. Our integrated, in-house skills allow us to take our products from research and design to engineering and manufacturing — and into more than 23 million vehicles every year.