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

Adient Plc

CIK: 1670541 Ticker: ADNT
RECENT HIGHLIGHTS ADIENT • FISCAL FIRST QUARTER 2018 EARNINGS • 1 Adient’s Q1 results impacted by headwinds in Seat Structures & Mechanisms (SS&M) business > Q1 GAAP net income and EPS diluted of $(216)M and $(2.32), respectively; Q1 adjusted-EPS diluted of $1.06 > Q1 Adjusted-EBIT of $163M (margin of 3.9%) > Cash and cash equivalents of $390M at Dec. 31, 2017 > Gross debt and net debt totaled $3,501M and $3,111M, respectively, at Dec. 31, 2017 > FY2018 outlook revised to reflect SS&M headwinds and Q1 performance “We believe we are taking the appropriate actions and moving with a sense of urgency to address and mitigate the headwinds impacting our SS&M business. Adient remains focused on executing our strategy” R. Bruce McDonald, Chairman and Chief Executive Officer ADJ. EBIT $163M -42% AS ADJUSTED vs. Q1 17 ADJ. EBIT MARGIN 3.9% -310 bps ADJ. NET INCOME attributable to Adient $99M -48% FY 2018 Q1 RESULTS OVERVIEW REVENUE $4,204MAS REPORTED EBIT $102M NET INCOME attributable to Adient $(216)M $(2.32) EPS DILUTED ADJ. EPS DILUTED $1.06 -48% Signed a joint venture agreement with Boeing to form Adient Aerospace (Adient has a majority ownership stake in the company at 50.01%). Showcased Adient’s future mobility solutions that address trends driving change in mobility (autonomous vehicles, car-and ride-sharing) at the 2018 North American International Auto Show. Impact of U.S. tax reform is expected to be positive in the short-term (FY18); certain structural changes needed to offset negative influences beginning in FY19. Unconsolidated seating revenue in Q1 2018 increased to $2.5B. FY 2018 FIRST QUARTER EARNINGS For non-GAAP and adjusted results, see appendix for detail and reconciliation to U.S. GAAP January 29, 2018 +4%vs. Q1 17 -55% -252% -254%


The following information was filed by Adient Plc (ADNT) on Monday, January 29, 2018 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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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
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 Revision (details)
Note 1. Significant Accounting Policies Revision (tables)
Note 1. Significant Accounting Policies Vie (details)
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 (notes)
Note 11. Income Taxes Details (details)
Note 12. Segment Reporting (details)
Note 12. Segment Reporting (notes)
Note 12. Segment Reporting (tables)
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. Acquisitions (details)
Note 2. Acquisitions (notes)
Note 3. Inventories
Note 3. Inventories (details)
Note 3. Inventories (tables)
Note 4. Goodwill And Other Intangible Assets
Note 4. Goodwill And Other Intangible Assets (details)
Note 4. Goodwill And Other Intangible Assets (tables)
Note 4. Goodwill And Other Intangible Assets Goodwill (details)
Note 4. Goodwill And Other Intangible Assets Goodwill (tables)
Note 5. Product Warranties
Note 5. Product Warranties (details)
Note 5. Product Warranties (tables)
Note 6. Debt And Financing Arrangements
Note 6. Debt And Financing Arrangements (tables)
Note 6. Debt And Financing Arrangements Long Term Debt (details)
Note 6. Debt And Financing Arrangements Net Financing Charges (tables)
Note 7. Derivative Instruments And Hedging Activities
Note 7. Derivative Instruments And Hedging Activities (details)
Note 7. Derivative Instruments And Hedging Activities (tables)
Note 7. Derivative Instruments And Hedging Activities Derivative Assets And Liabilities (details)
Note 7. Derivative Instruments And Hedging Activities Derivative Assets And Liabilities Offsetting (details)
Note 7. Derivative Instruments And Hedging Activities Derivatives Gains And Losses (details)
Note 8. Fair Value Measurements
Note 8. Fair Value Measurements (tables)
Note 8. Fair Value Measurements Recurring Fair Value Measurements (details)
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 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: 0001670541-18-000006
Submitted to the SEC: Tue Jan 30 2018 5:09:14 PM EST
Accepted by the SEC: Tue Jan 30 2018
Period: Sunday, December 31, 2017
Industry: Motor Vehicle Parts And Accessories

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