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Adient Reports 3rd Quarter 2019 Financial Results

Adient reported third quarter Adjusted-EBIT and Adjusted-EBITDA of $129 million and $205 million, respectively.

Adient Reports 2nd Quarter 2019 Financial Results

The company reported a second-quarter GAAP net loss of $149 million and a diluted EPS net loss of $1.59.

Adient To Offer $750M Senior Secured Notes

The new credit facilities, which are expected to consist of a Term Loan B and an asset-based revolver, together with the notes, are expected to provide pro forma liquidity of about $1.9 billion.

Adient Adds Retired AT&T Exec José Gutiérrez To Its Board Of Directors

Gutiérrez served as senior executive vice president and chief of staff to the chairman and CEO of AT&T from 2015 until his retirement at the end of 2016. Prior to assuming this position and over his 25-year career at AT&T, he held numerous senior executive positions.

Adient Reports 1st Quarter 2019 Financial Results 

The company reported first quarter GAAP net loss and EPS diluted of $(17) million and $(18 cents), respectively.

Adient Announces Preliminary Q1 Fiscal 2019 Results; Initiates Discussions To Strengthen Capital Structure

Based on the current operating environment and the anticipated timing of turnaround actions underway, Adient expects earnings to improve in the second half of fiscal 2019 compared with first half of the year.  

Adient Reports 4th Quarter 2018 Financial Results

Adient saw fourth quarter GAAP net loss and EPS diluted of $(1,355) million and $(14.51), respectively; fourth quarter Adjusted-EPS diluted of $1.

Adient Reports Preliminary Financial Results For Full-Year Fiscal 2018 

The company has reported full year 2018 revenue of approximately $17.4 billion, in line with prior guidance of approximately $17.5 billion.

Adient Names Douglas DelGrosso President And CEO

DelGrosso (pictured) steps into his new role on Oct. 1. Also at that time, Frederick “Fritz” Henderson will become non-executive chairman of the company’s board of directors.

Adient Reports 3rd Quarter 2018 Financial Results 

The company reported third quarter GAAP net income and EPS diluted of $54 million and 58 cents, respectively.