Adient, a global leader in automotive seating, has announced third quarter earnings.
The company reported third quarter GAAP net loss and EPS diluted of $(321) million and $(3.43), respectively. Third quarter Adjusted-EPS diluted was 38 cents.
Adient reported third quarter Adjusted-EBIT and Adjusted-EBITDA of $129 million and $205 million, respectively.
Free cash flow in the third quarter was $168 million. In the third quarter, the company had gross debt and net debt of $3,777 million and $2,752 million, respectively, as of June 30, 2019.
Adient had cash and cash equivalents of $1,025 million at quarter’s end.
