Solid Financial Performance Amid Difficult Macro Environment
Adient's Q4 results were solid with margins expanding by 30 basis points and adjusted EBITDA held flat at $235 million despite a 4% year-over-year revenue decline.
Strong Free Cash Flow and Share Repurchase
The company generated over $190 million in free cash flow and repurchased $50 million in stock in Q4, bringing total share buybacks for fiscal year '24 to $275 million, approximately 10% of the outstanding share count.
Growth and Strategic Wins in China
Adient's China business is expected to experience double-digit annual growth from fiscal year '24 to fiscal year '27, driven by new business wins with local OEMs.
Automation and AI Initiatives
Adient announced two key developments in automation and AI, with the launch of an AI welding inspection tool and a joint development agreement to create automated assembly processes.