Connect with us

Manufacturing

Adient Reports Results For Q3 2020

Company continues to execute actions to rightsize its business while navigating through unprecedented times.

Advertisement

Adient, a global leader in automotive seating, today announced third quarter 2020 financial results:

Advertisement
Click Here to Read More
Advertisement
  • Impacted by COVID-19 and one-time, non-cash charges, Q3 GAAP net loss and EPS diluted of $(325)M and $(3.46) respectively; Q3 Adj.-EPS diluted of $(2.78)
  • Q3 Adj.-EBITDA of $(122)M, down $327M y-o-y (includes ~$400M impact from COVID-19); Adient’s financial results improved sequentially by month as the quarter progressed and operations in the Americas and EMEA restarted 
  • Cash and cash equivalents of $1,032M at June 30, 2020 (production restarts during the quarter resulted in a temporary trade working capital headwind, expected to unwind in Q4, of ~$500M in Q3); total liquidity at June 30, 2020 was ~$1.2B

Advertisement

POPULAR POSTS

Events

Editor’s Note: AMN On Holiday

Legislative

VA Gov. Signs Vehicle Safety Inspection Program Legislation

Newsweek Ranks Goodyear Among Greenest Big Companies

Sponsored Content

4 Mistakes Even a Pro Can Make When Installing a Water Pump

Connect