공고 • May 07
Adient plc Maintains Earnings Guidance for the Fiscal Year 2025 Adient plc maintained earnings guidance for the fiscal year 2025. For the year, the company maintains revenue outlook with first half positive momentum expected to carry forward into second half, excluding potential tariff-related volume impacts. 공고 • Jan 30
An undisclosed buyer acquired 50% stake in Setex, Inc. from Adient plc (NYSE:ADNT) for $27 million. An undisclosed buyer acquired 50% stake in Setex, Inc. from Adient plc (NYSE:ADNT) for $27 million during the first quarter of fiscal 2025. A cash consideration of $27 million will be paid by the buyer.
An undisclosed buyer completed the acquisition of 50% stake in Setex, Inc. from Adient plc (NYSE:ADNT) during the first quarter of fiscal 2025. 공고 • Jan 23
Adient plc, Annual General Meeting, Mar 11, 2025 Adient plc, Annual General Meeting, Mar 11, 2025. Location: radisson blu hotel, dublin airport, dublin Ireland 공고 • Aug 06
Adient plc Updates Consolidated Earnings Guidance for the Full Year of 2024 Adient plc updated consolidated earnings guidance for the full year of 2024. For the year, the company expected consolidated sales to be approximately $14.6 billion compared to prior guidance of $14.8 billion to $14.9 billion. The updates recognizes the impacts of lower vehicle production expectations. 공고 • Jan 24
Adient plc, Annual General Meeting, Mar 12, 2024 Adient plc, Annual General Meeting, Mar 12, 2024, at 12:00 Coordinated Universal Time. Location: Radisson Blu Hotel, Dublin Airport, Dublin, Ireland Dublin Ireland Agenda: To ratify, by non-binding advisory vote, the appointment of PricewaterhouseCoopers LLP as the company's independent auditor for fiscal year 2024 and to authorize, by binding vote, the Board of Directors, acting through the Audit Committee, to set the auditors' remuneration; to approve, on an advisory basis, the company's named executive officer compensation, as described in the accompanying Proxy Statement; to renew the Board of Directors' authority to issue shares under Irish law; to renew the Board of Directors' authority to opt-out of statutory preemption rights under Irish law; and to consider other matters if any. 공고 • Sep 20
Adient plc Appoints Jodi E. Eddy to the Board of Directors On September 18, 2023, the Board of Directors (the “Board”) of Adient plc (“Adient”) appointed Jodi E. Eddy to the Board effective September 19, 2023, to serve a term initially expiring at Adient’s 2024 Annual General Meeting of Shareholders. The Board also appointed Ms. Eddy to serve as a member of the Audit Committee and Corporate Governance Committee of the Board. The Board has determined that Ms. Eddy is an independent director under the New York Stock Exchange listing standards and Adient’s Corporate Governance Guidelines. In connection with Ms. Eddy’s appointment, the Board acted to increase the number of directors serving on the Board from eight to nine in accordance with Adient’s Articles of Association. Eddy currently serves as senior vice president and chief information and digital officer (CIDO) at Boston Scientific Corporation. As a global medical technology leader for more than 40 years, the company provides a broad range of high- performance solutions that address unmet patient needs and reduce the cost of healthcare. Eddy joined Boston Scientific in 2013 and has been the chief information officer since 2015. She added responsibility for Boston Scientific's digital activity as Chief Digital Officer in 2020. In her current role, she leads the company's information technology organization and expanded digital team's worldwide, overseeing the company's strategy for digital health, data analytics and cyber security capabilities. Prior to joining Boston Scientific, Eddy progressed through several roles of increasing leadership in information systems during her 18-year tenure at General Electric, including serving as the commercial chief information officer for the Oil and Gas business. Eddy earned a Bachelor of Science degree in computer science from Southern Connecticut State University. In addition, she was awarded an Honorary Doctorate Degree of Science from her alma mater for lifetime achievement and contributions to the computer science field. Reported Earnings • Aug 05
Third quarter 2022 earnings released: US$0.32 loss per share (vs US$0.75 loss in 3Q 2021) Third quarter 2022 results: US$0.32 loss per share (up from US$0.75 loss in 3Q 2021). Revenue: US$3.49b (up 7.5% from 3Q 2021). Net loss: US$30.0m (loss narrowed 58% from 3Q 2021). Over the next year, revenue is forecast to grow 15%, compared to a 10% growth forecast for the industry in Germany. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 17% share price gain to €34.31, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 10x in the Auto Components industry in Germany. Total loss to shareholders of 21% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €65.77 per share. Recent Insider Transactions • May 13
Executive Vice President of Americas recently sold €226k worth of stock On the 10th of May, Jerome Dorlack sold around 8k shares on-market at roughly €29.70 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.2m more than they bought in the last 12 months. Reported Earnings • May 06
Second quarter 2022 earnings released: US$0.85 loss per share (vs US$0.73 profit in 2Q 2021) Second quarter 2022 results: US$0.85 loss per share (down from US$0.73 profit in 2Q 2021). Revenue: US$3.51b (down 8.2% from 2Q 2021). Net loss: US$81.0m (down 217% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 16%, compared to a 9.3% growth forecast for the industry in Germany. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. Independent Director Rick Dillon was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. Independent Director Rick Dillon was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공고 • Feb 06
Adient plc Provides Earnings Guidance for the Year 2022 Adient plc provided earnings guidance for the year 2022. The company currently forecast revenue of about $14.8 billion, which is consistent with earlier forecast. Reported Earnings • Feb 05
First quarter 2022 earnings: EPS in line with expectations, revenues disappoint First quarter 2022 results: US$0.57 loss per share (down from US$1.60 profit in 1Q 2021). Revenue: US$3.48b (down 9.6% from 1Q 2021). Net loss: US$54.0m (down 136% from profit in 1Q 2021). Revenue missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 13% compared to a 2.9% decline forecast for the industry in Germany. Recent Insider Transactions • Nov 16
Executive Vice President of EMEA recently sold €119k worth of stock On the 11th of November, Michel Berthelin sold around 3k shares on-market at roughly €38.49 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €520k more than they bought in the last 12 months. Reported Earnings • Nov 11
Full year 2021 earnings released: EPS US$11.58 (vs US$5.83 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: US$13.7b (up 8.0% from FY 2020). Net income: US$1.11b (up US$1.66b from FY 2020). Profit margin: 8.1% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improved over the past week After last week's 20% share price gain to €36.16, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 10x in the Auto Components industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €62.15 per share. Reported Earnings • Aug 06
Third quarter 2021 earnings released: US$0.75 loss per share (vs US$3.46 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: US$3.24b (up 99% from 3Q 2020). Net loss: US$71.0m (loss narrowed 78% from 3Q 2020). Recent Insider Transactions • May 21
Senior VP recently sold €163k worth of stock On the 18th of May, Heather Tiltmann sold around 4k shares on-market at roughly €40.13 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €229k more than they bought in the last 12 months. 공고 • May 08
Adient plc Reaffirms Consolidated Earnings Guidance for the Year 2021 Adient plc reaffirmed consolidated earnings guidance for the year 2021. The company’s guidance has not changed. The company continue to expect consolidated revenue to trend between $14.6 billion and $15.0 billion. Reported Earnings • May 07
Second quarter 2021 earnings released: EPS US$0.72 (vs US$0.20 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$3.82b (up 8.8% from 2Q 2020). Net income: US$69.0m (up US$88.0m from 2Q 2020). Profit margin: 1.8% (up from net loss in 2Q 2020). 공고 • Mar 14
Adient plc Enters Definitive Agreements with Joint Venture Partner Yanfeng Automotive Trim Systems Ltd. to End Its Yanfeng Adient Seating Co., Ltd. Joint Venture in China Adient plc announced that as part of its strategic transformation in China, it has entered into definitive agreements with joint venture partner Yanfeng Automotive Trim Systems Ltd. (YF) to end its Yanfeng Adient Seating Co. Ltd. (YFAS) joint venture in China. The transactions contemplated by these agreements will, upon closing, allow Adient to drive its strategy in China independently, which is expected to result in a variety of benefits, including capturing growth in profitable and expanding segments; improving the integration of the company's China operations; and allowing for more certain value realization relative to status quo, where cash and value are generated from dividends at entities not in Adient's control. Under the agreements, Adient will sell its 49.99% interest in YFAS to YF and its minority interest in certain other joint ventures and will receive $1.5 Billion in cash ($1.4 Billion after tax) and will acquire YFAS's 50% equity interest in Chongqing Yanfeng Adient Automotive Components Co. Ltd. (CQYFAS) and YFAS's 100% equity interest in Yanfeng Adient (Langfang) Seating Co. Ltd. (YFAS-LF). Upon acquiring YFAS's interests in CQYFAS and YFAS-LF, Adient would consolidate those businesses going forward. YF will operate the remainder of YFAS as a wholly owned enterprise. The transactions, which are subject to customary government and regulatory approvals and certain PRC state-owned asset required approvals and processes, are expected to be completed in the second half of calendar year 2021. Adient will receive $800 million in cash by closing of the transactions (including dividends) and $700 million in cash prior to calendar year end, even if closing occurs before such time. All of the foregoing amounts of YFAS transactions proceeds are based on the current USD to RMB exchange rate. In conjunction with the YFAS transaction, Adient has signed an agreement with Chongqing Boxun Industrial Co. Ltd. (Boxun), its joint venture partner in CQYFAS. The agreement provides Boxun with a put right to sell and, if exercised, requires Adient to buy Boxun's 25% interest in CQYFAS. The put right, valued a $125M, is contingent upon the closing of the YFAS transaction. After closing, if Adient buys Boxun's 25% interest, Adient would own 100% of CQYFAS. Proceeds from the transactions are expected to be used by Adient to pre-pay a portion of the company's debt; fund Boxun's put right, if exercised; and for general corporate purposes. Upon the closing of the various transactions, Adient's China business is projected to have $4.5B in annual consolidated and unconsolidated sales, with far-reaching customer and geographic coverage through its nine major entities, three technical centers and more than 800 engineers.