The following is a summary of the Adient Plc (ADNT) Q4 2024 Earnings Call Transcript:

Financial Performance:

• Adient plc reported a 4% year-over-year decline in revenue in Q4 2024.

• Adjusted EBITDA held steady at $235 million despite revenue declines, demonstrating strong business performance.

• The company generated over $190 million in free cash flow during Q4.

• Adient repurchased approximately 10% of its outstanding shares in fiscal year 2024, amounting to $275 million in share repurchases.

Business Progress:

• Adient is focusing on driving significant cost savings through automation and modularity.

• The company is executing restructuring in Europe to improve business efficiency and plans to continue this restructuring.

• In China, Adient is capitalizing on growth opportunities with local OEMs, expecting considerable revenue increase from current and new partnerships.

Opportunities:

• Adient is expanding its business with domestic OEMs in China, expected to drive growth in the Asia-Pacific region.

• The company sees opportunities for margin improvement in the Americas starting from fiscal year 2026, due to favorable balance in and balance out.

Risks:

• Adient acknowledges challenging conditions in the European market, including a forecasted 5% contraction in light vehicle production for fiscal year 2025, with additional risks of lower profitability due to volume and mix headwinds.

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