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Adient Plc (ADNT) SEC Filing 10-Q Quarterly report for the period ending Friday, March 31, 2017

Adient Plc

CIK: 1670541 Ticker: ADNT
RECENT HIGHLIGHTS ADIENT • FISCAL SECOND QUARTER 2017 EARNINGS • 1 Adient delivers strong Q2 results; increases full year earnings expectations > GAAP net income and EPS diluted increased to $192M and $2.04, respectively; adjusted-EPS diluted up 16.3% to $2.50 > Adjusted-EBIT expanded to $334M (margin of 7.9%) > Cash and cash equivalents of $729M at March 31, 2017 > Gross debt and net debt totaled $3,352M and $2,623M, respectively, at March 31, 2017 > Guidance raised: FY2017 adjusted-EBIT now expected at $1.24-$1.26B, up from $1.15 – $1.20B “Adient delivered strong second quarter results, building on the positive momentum established earlier in the year. In addition to growing earnings and expanding margins, Adient’s recently announced dividend will further enhance shareholder returns.” R. Bruce McDonald, Chairman and Chief Executive Officer FY 2017 Q2 RESULTS OVERVIEW REVENUE $4,212M ADJ. EBIT $334M +12.1% AS REPORTED AS ADJUSTED vs. Q2 16 ADJ. EBIT MARGIN 7.9% +100 bps EBIT $286M NET INCOME attributable to Adient $192M ADJ. NET INCOME attributable to Adient $235M +16.3% $2.04 EPS DILUTED ADJ. EPS DILUTED $2.50 +16.3% Announced the company is collaborating with Boeing to explore innovative comfort, efficiency, and functional improvements to commercial aircraft seating and interiors. Prepaid $100 million of the $1.5 billion Term Loan during the quarter; net leverage at 1.64x at March 31, 2017. Declared the company’s first quarterly dividend of $0.275 per ordinary share; $250 million share repurchase program approved. Unconsolidated seating revenue increased 18% to $2.1B (at constant currency). FY 2017 SECOND QUARTER EARNINGS Adjusted results include certain pro forma adjustments for FY16. For complete details and to see reconciliation of non-GAAP measures to their most directly comparable GAAP measures refer to the appendix. April 28, 2017 Exhibit 99.1


The following information was filed by Adient Plc (ADNT) on Friday, April 28, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Adient Plc's Definitive Proxy Statement (Form DEF 14A) filed after their 2017 10-K Annual Report includes:

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information Document
Statement Of Cash Flows
Statement Of Cash Flows (parenthetical)
Statement Of Comprehensive Income
Statement Of Financial Position
Statement Of Financial Position (paranthetical)
Statement Of Income
Income Tax (details)
Income Tax Disclosure (details)
Note 1, Significant Accounting Policies
Note 1, Significant Accounting Policies (details)
Note 1, Significant Accounting Policies (policies)
Note 1, Significant Accounting Policies (tables)
Note 1, Significant Accounting Policies Earnings Per Share (tables)
Note 1, Significant Accounting Policies Restricted Cash (policies)
Note 10, Significant Restructuring And Impairment Costs
Note 10, Significant Restructuring And Impairment Costs (details)
Note 10, Significant Restructuring And Impairment Costs (tables)
Note 11, Income Taxes
Note 11, Income Taxes (details)
Note 12, Segment Information
Note 12, Segment Information (details)
Note 12, Segment Information (tables)
Note 12, Segment Information Segment Information (details)
Note 13, Nonconsolidated Partially-owned Affiliates
Note 13, Nonconsolidated Partially-owned Affiliates (details)
Note 13, Nonconsolidated Partially-owned Affiliates (tables)
Note 14, Commitments And Contingencies
Note 14, Commitments And Contingencies (details)
Note 15, Related Party Transactions
Note 15, Related Party Transactions (details)
Note 15, Related Party Transactions (tables)
Note 2, Inventories
Note 2, Inventories (details)
Note 2, Inventories (tables)
Note 3, Goodwill And Other Intangible Assets
Note 3, Goodwill And Other Intangible Assets (details)
Note 3, Goodwill And Other Intangible Assets (tables)
Note 3, Goodwill And Other Intangible Assets Goodwill (details)
Note 3, Goodwill And Other Intangible Assets Goodwill (tables)
Note 3, Goodwill And Other Intangible Assets Intangible Asset Amortization (details)
Note 4, Product Warranties
Note 4, Product Warranties (details)
Note 4, Product Warranties (tables)
Note 5,debt And Financing Arrangements
Note 5,debt And Financing Arrangements (details)
Note 5,debt And Financing Arrangements (tables)
Note 5,debt And Financing Arrangements Financing Charges (details)
Note 5,debt And Financing Arrangements Schedule Of Long Term Debt (details)
Note 6, Derivative Instruments And Hedging Activities
Note 6, Derivative Instruments And Hedging Activities (details)
Note 6, Derivative Instruments And Hedging Activities (tables)
Note 6, Derivative Instruments And Hedging Activities Derivative Assets And Liabilities (details)
Note 6, Derivative Instruments And Hedging Activities Derivative Assets And Liabilities Offsetting (details)
Note 6, Derivative Instruments And Hedging Activities Derivatives Gains And Losses (details)
Note 7, Fair Value Measurements
Note 7, Fair Value Measurements (tables)
Note 7, Fair Value Measurements Recurring Fair Value Measurements (details)
Note 8, Stock Based Compensation
Note 8, Stock Based Compensation (details)
Note 8, Stock Based Compensation (tables)
Note 9, Equity And Noncontrolling Interests
Note 9, Equity And Noncontrolling Interests (details)
Note 9, Equity And Noncontrolling Interests (tables)
Note 9, Equity And Noncontrolling Interests Changes In Aoci (details)
Note 9, Equity And Noncontrolling Interests Changes In Equity And Nci (details)
Note 9, Equity And Noncontrolling Interests Redeemable Noncontrolling Interest (details)

Material Contracts, Statements, Certifications & more

Adient Plc provided additional information to their SEC Filing as exhibits

Ticker: ADNT
CIK: 1670541
Form Type: 10-Q Quarterly Report
Accession Number: 0001670541-17-000025
Submitted to the SEC: Mon May 01 2017 5:00:27 PM EST
Accepted by the SEC: Mon May 01 2017
Period: Friday, March 31, 2017
Industry: Motor Vehicle Parts And Accessories

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