PLYMOUTH, Mich., April 9, 2025 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, will host a conference call on May 7, 2025, at 8:30 a.m. (ET) to discuss its second quarter fiscal 2025 financial results. A link to the live webcast of the call and presentation materials will be available on the Adient Investor Relations website (http://investors.adient.com). A replay will be available at the same site. To participate by telephone, please dial 888-566-1827 (U.S.) or 773-799-3976 (international) 15 minutes prior to the start time of the call and ask to be

April 8, 2025-- ITT Inc. (NYSE: ITT) today announced the nomination of Douglas DelGrosso for election to its Board of Directors at the company's upcoming 2025 annual meeting of shareholders. Mr. DelGrosso served as president and chief executive officer of Adient plc (NYSE:ADNT), a global engineering and manufacturing company with operations in 29 countries, from October 2018 until his retirement in December 2023. "Over the last several years, the ITT Board has deliberately pursued a refreshment strategy to add seasoned operations executives to our Board with advanced expertise and skills. We are honored at the prospect of having Doug join ITT's Board of Directors and his election will mark

PLYMOUTH, Mich., Jan. 30, 2025 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, today announced the pricing of the private offering by its wholly-owned subsidiary, Adient Global Holdings Ltd, of $795 million in aggregate principal amount of 7.50% senior unsecured notes due 2033 (the "Notes").  The Notes will be issued at par value. The Notes offerings are expected to close on February 3, 2025, subject to customary closing conditions. Adient intends to use the net proceeds from this offering, together with cash on hand, to redeem its existing 4.875% se

PLYMOUTH, Mich., Jan. 30, 2025 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, today announced that its wholly-owned subsidiary, Adient Global Holdings Ltd, intends, subject to market and other customary conditions, to offer $795 million in aggregate principal amount of new senior unsecured notes due 2033 (the "Notes") in a private offering. Adient intends to use the net proceeds from this offering, together with cash on hand, to redeem its existing 4.875% senior unsecured notes due 2026 and to pay fees and expenses in connection with the foregoing.

PLYMOUTH, Mich., Jan. 29, 2025 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, yesterday released its fiscal year 2024 Sustainability Report. "Our 2024 Sustainability Report is a testament to Adient's pursuit of excellence in environmental stewardship, social responsibility and robust governance practices," said Jerome Dorlack, Adient president and CEO. "Our sustainability initiatives continue to support our objective to be a preeminent global supplier of automotive seating. The work detailed in this report is consistent and aligned with our business

PLYMOUTH, Mich., Jan. 28, 2025 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, today announced its first quarter 2025 financial results. Q1 GAAP net income and EPS diluted of $0M and $0.00, respectively; Q1 Adj.-EPS diluted of $0.27Q1 Adj.-EBITDA of $196M – in line with expectations for lower customer production in the quarterGross debt and net debt totaled ~$2.4B and ~$1.5B, respectively, at December 31, 2024; cash and cash equivalents of $860M at December 31, 2024The company executed $25M of share repurchases, ~1.2M shares in the quarterThe company

PLYMOUTH, Mich., Jan. 6, 2025 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, will host a conference call on Jan. 28, 2025 at 8:00 a.m. (ET) to discuss its first quarter fiscal 2025 financial results. A link to the live webcast of the call and presentation materials will be available on the Adient Investor Relations website (http://investors.adient.com). A replay will be available at the same site. To participate by telephone, please dial 888-566-1827 (U.S.) or 773-799-3976 (international) 15 minutes prior to the start time of the call and ask to be

BURSCHEID, Germany, Dec. 2, 2024 /PRNewswire/ -- Adient, Jaguar Land Rover (JLR) and Dow have worked together to produce seat foam for the luxury car manufacturer's vehicles using closed-loop recycled components. This represents an industry-first in the automotive sector, heading towards a circular economy and a lower CO2 footprint for cars as the end product. In order to address the environmental impact of polyurethane (PU) foams used in car seats, the industry partners decided to team up. This means so-called 'post-consumer' PU molded foams have previously been collected fro

PLYMOUTH, Mich., Nov. 8, 2024 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, today announced its fourth quarter 2024 financial results. Q4 GAAP net income and EPS diluted of $79M and $0.91, respectively; Q4 Adj.-EPS diluted of $0.68Q4 Adj.-EBITDA of $235M, flat y-o-y; adj.-EBITDA margin of 6.6% up 30bps y-o-yGross debt and net debt totaled ~$2.4B and ~$1.5B, respectively, at September 30, 2024; cash and cash equivalents of $945M at September 30, 2024For the full FY2024, Adient generated $277M of FCF and returned $275M to shareholders via share repur

PLYMOUTH, Mich., Oct. 10, 2024 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, will host a conference call on Nov. 8, 2024 at 8:30 a.m. (ET) to discuss its fourth quarter fiscal 2024 financial results. A link to the live webcast of the call and presentation materials will be available on the Adient Investor Relations website (http://investors.adient.com). A replay will be available at the same site. To participate by telephone, please dial 888-566-1827 (U.S.) or 773-799-3976 (international) 15 minutes prior to the start time of the call and ask to be connected to the Adient conference call. The conference passcode is ADIENT. About Adient:Adient (NYSE:ADNT) is a gl

Citigroup initiated coverage of Adient with a rating of Neutral and set a new price target of $14.00

BofA Securities downgraded Adient from Neutral to Underperform and set a new price target of $18.00 from $24.00 previously

Wells Fargo downgraded Adient from Overweight to Equal Weight and set a new price target of $20.00 from $27.00 previously

BofA Securities downgraded Adient from Buy to Neutral and set a new price target of $24.00 from $30.00 previously

Deutsche Bank resumed coverage of Adient with a rating of Hold and set a new price target of $24.00

Wolfe Research resumed coverage of Adient with a rating of Peer Perform

Exane BNP Paribas upgraded Adient from Underperform to Neutral and set a new price target of $26.00

Barclays downgraded Adient from Overweight to Equal Weight and set a new price target of $37.00 from $41.00 previously

UBS initiated coverage of Adient with a rating of Neutral and set a new price target of $43.00

Exane BNP Paribas downgraded Adient from Neutral to Underperform

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NEW YORK, Sept. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from

PLYMOUTH, Mich., Sept. 19, 2023 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, today announced the appointment of Jodi Eddy to Adient's Board of Directors, effective Sept. 19, 2023. Eddy will serve as a member of the Audit Committee and Corporate Governance Committee of the Board.  Following her appointment, the Board will comprise nine directors, eight of whom are independent. "We are pleased to have Jodi join Adient's Board of Directors. Her experience as a successful Chief Information and Digital officer will be a great asset to the Board and will complement the expertise of our existing Board members," said Doug Del Grosso, Adient president and chief executiv

PLYMOUTH, Mich., Oct. 31, 2022 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, today announced that Jerome Dorlack, Adient's current executive vice president, Americas, and an automotive industry veteran, will be appointed executive vice president and chief financial officer (CFO), effective Dec. 1, 2022. Dorlack's appointment follows Jeff Stafeil's decision to resign from his role as Adient's executive vice president and chief financial officer, effective Nov. 30, 2022. With Dorlack's appointment, Jim Conklin will become the executive vice president, Americas, also effective Dec. 1, 2022.  "Jerome has been a key member of our leadership team and we are fortunate t

Fabrinet (NYSE:FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced that Darlene Knight has been appointed to the Company's Board of Directors and as a member of the Board's Audit Committee. Ms. Knight brings to Fabrinet significant experience with multi-national manufacturing businesses, primarily in the automotive sector. Ms. Knight was Vice President, Americas of Adient plc (NYSE:ADNT), a global leader in the automotive seating supply industry, from 2018 to 2019 and Vice President, China of Adient from 2016 to 2018. From 2013 to 2016,

PLYMOUTH, Mich., May 3, 2021 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, today announced the appointment of Rick T. Dillon to Adient's Board of Directors, effective May 3, 2021. "We are pleased to have Rick join Adient's Board of Directors. His experience as a successful CFO and numerous other accomplishments complement our board's skills and strengthen our resolve to enhance shareholder value," said Doug Del Grosso, Adient president and chief executive officer.  Dillon currently serves as the executive vice president and chief financial officer

PLYMOUTH, Mich., April 9, 2025 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, will host a conference call on May 7, 2025, at 8:30 a.m. (ET) to discuss its second quarter fiscal 2025 financial results. A link to the live webcast of the call and presentation materials will be available on the Adient Investor Relations website (http://investors.adient.com). A replay will be available at the same site. To participate by telephone, please dial 888-566-1827 (U.S.) or 773-799-3976 (international) 15 minutes prior to the start time of the call and ask to be

PLYMOUTH, Mich., Jan. 28, 2025 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, today announced its first quarter 2025 financial results. Q1 GAAP net income and EPS diluted of $0M and $0.00, respectively; Q1 Adj.-EPS diluted of $0.27Q1 Adj.-EBITDA of $196M – in line with expectations for lower customer production in the quarterGross debt and net debt totaled ~$2.4B and ~$1.5B, respectively, at December 31, 2024; cash and cash equivalents of $860M at December 31, 2024The company executed $25M of share repurchases, ~1.2M shares in the quarterThe company

PLYMOUTH, Mich., Jan. 6, 2025 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, will host a conference call on Jan. 28, 2025 at 8:00 a.m. (ET) to discuss its first quarter fiscal 2025 financial results. A link to the live webcast of the call and presentation materials will be available on the Adient Investor Relations website (http://investors.adient.com). A replay will be available at the same site. To participate by telephone, please dial 888-566-1827 (U.S.) or 773-799-3976 (international) 15 minutes prior to the start time of the call and ask to be

PLYMOUTH, Mich., Nov. 8, 2024 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, today announced its fourth quarter 2024 financial results. Q4 GAAP net income and EPS diluted of $79M and $0.91, respectively; Q4 Adj.-EPS diluted of $0.68Q4 Adj.-EBITDA of $235M, flat y-o-y; adj.-EBITDA margin of 6.6% up 30bps y-o-yGross debt and net debt totaled ~$2.4B and ~$1.5B, respectively, at September 30, 2024; cash and cash equivalents of $945M at September 30, 2024For the full FY2024, Adient generated $277M of FCF and returned $275M to shareholders via share repur

PLYMOUTH, Mich., Oct. 10, 2024 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, will host a conference call on Nov. 8, 2024 at 8:30 a.m. (ET) to discuss its fourth quarter fiscal 2024 financial results. A link to the live webcast of the call and presentation materials will be available on the Adient Investor Relations website (http://investors.adient.com). A replay will be available at the same site. To participate by telephone, please dial 888-566-1827 (U.S.) or 773-799-3976 (international) 15 minutes prior to the start time of the call and ask to be connected to the Adient conference call. The conference passcode is ADIENT. About Adient:Adient (NYSE:ADNT) is a gl

PLYMOUTH, Mich., Aug. 6, 2024 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, today announced its third quarter 2024 financial results. Q3 GAAP net loss and EPS diluted of $(11)M and $(0.12), respectively; Q3 Adj.-EPS diluted of $0.32Q3 Adj.-EBITDA of $202M — quarterly results impacted by lower customer productionGross debt and net debt totaled ~$2.5B and ~$1.6B, respectively, at June 30, 2024; cash and cash equivalents of $890M at June 30, 2024Generated free cash flow (operating cash flow less capex) of $88MExecuted $75M of share repurchases, retiring ~2.6M shares in the quarter; year to date share repurchases total $225M and ~7.1M shares. Approximately 8% of out

PLYMOUTH, Mich., July 16, 2024 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, will host a conference call on August 6, 2024 at 8:30 a.m. (ET) to discuss its third quarter fiscal 2024 financial results. A link to the live webcast of the call and presentation materials will be available on the Adient Investor Relations website (http://investors.adient.com). A replay will be available at the same site. To participate by telephone, please dial 888-455-2945 (U.S.) or 773-799-3947 (international) 15 minutes prior to the start time of the call and ask to be connected to the Adient conference call. The conference passcode is ADIENT. About Adient:Adient (NYSE:ADNT) is a g

PLYMOUTH, Mich., May 3, 2024 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, today announced its second quarter 2024 financial results. Q2 GAAP net income and EPS diluted of $(70)M and $(0.77), respectively; Q2 Adj.-EPS diluted of $0.54Q2 Adj.-EBITDA of $227M, up $12M y-o-y, with Adj.-EBITDA margin of 6.1%, a 60 bps improvement vs. prior yearGross debt and net debt totaled ~$2.5B and ~$1.6B, respectively, at March 31, 2024; cash and cash equivalents of $905M at March 31, 2024The company executed $50M of share repurchases, retiring ~1.5M shares in the quarter; year to date share repurchases total $150M and ~4.5M sharesThe company provided an update to its FY24 outl

PLYMOUTH, Mich., April 4, 2024 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, will host a conference call on May 3, 2024 at 8:30 a.m. (ET) to discuss its second quarter fiscal 2024 financial results. A link to the live webcast of the call and presentation materials will be available on the Adient Investor Relations website (http://investors.adient.com). A replay will be available at the same site. To participate by telephone, please dial 888-455-2945 (U.S.) or 773-799-3947 (international) 15 minutes prior to the start time of the call and ask to be connected to the Adient conference call. The conference passcode is ADIENT. About Adient:Adient (NYSE:ADNT) is a glo

PLYMOUTH, Mich., Feb. 7, 2024 /PRNewswire/ -- Adient (NYSE:ADNT), a global leader in automotive seating, today announced its first quarter 2024 financial results. Q1 GAAP net income and EPS diluted of $20M and $0.21, respectively; Q1 Adj.-EPS diluted of $0.31Q1 Adj.-EBITDA of $216M, up $4M y-o-y, the seventh consecutive quarter of y-o-y improvementGross debt and net debt totaled ~$2.5B and ~$1.6B, respectively, at December 31, 2023; cash and cash equivalents of $990M at December 31, 2023The company executed $100M of share repurchases, retiring ~3M shares in the quarterBusiness performance continues to build on the positive momentum established in FY23, driving expectation for improved y-o-y

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