Adient plc reported a net sales increase to $3,688 million for the three months ended September 30, 2025, compared to $3,562 million for the same period in 2024. The company's gross profit rose to $247 million from $245 million in the same period, while selling, general, and administrative expenses remained steady at $124 million. However, restructuring and impairment costs decreased from $16 million in 2024 to $11 million in 2025.
The company's earnings before interest and income taxes saw a slight decrease to $120 million in the third quarter of 2025, from $130 million in the third quarter of 2024. Additionally, net financing charges decreased from $50 million to $49 million. The income before income taxes remained unchanged at $64 million for both 2025 and 2024.
Net income attributable to Adient decreased from $79 million in 2024 to $18 million in 2025, resulting in a diluted earnings per share of $0.91 in 2024 compared to $0.22 in 2025. The number of shares outstanding at the end of the period also decreased from 84.9 million to 79.2 million.
In terms of the company's financial position, its cash and cash equivalents increased to $958 million in 2025 from $945 million in 2024. However, its total assets decreased to $8,954 million in 2025 from $9,351 million in the previous year. Similarly, total liabilities and shareholders' equity decreased to $8,954 million in 2025 from $9,351 million in 2024.
Adient operates in three reportable segments: Americas, EMEA, and Asia. The Americas segment reported net sales of $1,786 million in 2025, compared to $1,719 million in 2024. Adjusted EBITDA for the Americas segment decreased to $111 million in 2025 from $116 million in 2024. The EMEA segment reported net sales of $1,145 million in 2025, compared to $1,103 million in 2024, with adjusted EBITDA of $31 million in 2025, compared to $28 million in 2024. The Asia segment reported net sales of $783 million in 2025, compared to $765 million in 2024. The adjusted EBITDA for the Asia segment decreased to $106 million in 2025 from $112 million in 2024.
These figures reflect Adient plc's financial performance and position for the third quarter of 2025, showing a mixed performance across various metrics when compared to the same period in 2024. Following these announcements, the company's shares moved -0.87%, and are now trading at a price of $23.99. Check out the company's full 8-K submission here.
