Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
NEW YORK - Adient (NYSE:ADNT), a global automotive seating supplier, reported mixed first quarter 2025 financial results on Tuesday, with earnings falling short of analyst estimates while revenue surpassed expectations.
The company posted adjusted earnings per share of $0.27, missing the analyst consensus of $0.31 by $0.04. Revenue for the quarter came in at $3.5 billion, beating the consensus estimate of $3.44 billion.
Adient's adjusted EBITDA for the quarter was $196 million, which the company stated was in line with expectations for lower customer production in the period.
Adient's shares were up 1% following the earnings release, indicating a relatively muted market response to the mixed results.
The company reported GAAP net income and earnings per share of $0 million and $0.00, respectively, for the first quarter. Gross debt stood at approximately $2.4 billion, while net debt was around $1.5 billion as of December 31, 2024. Adient maintained a cash and cash equivalents balance of $860 million at the end of the quarter.
Looking ahead, Adient updated its fiscal year 2025 outlook, maintaining the lower end of its adjusted EBITDA guidance range. The company cited reduced sales guidance driven by foreign exchange impacts and lower customer volume in Europe, Middle East, and Africa (EMEA) and China as reasons for the adjustment.
"Despite challenges in certain markets, we remain focused on operational efficiency and strategic growth initiatives," said Adient's CEO in a statement accompanying the results.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.