Adient (ADNT) Q1 2026 Earnings Call Transcript

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Wednesday, February 4, 2026 astatine 8:30 a.m. ET

• Chief Executive Officer — Jerome Dorlack

• Chief Financial Officer — Mark Oswald

• Investor Relations — Linda Conrad

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Jerome Dorlack: Good morning, everyone, and convey you for joining america to reappraisal our archetypal 4th results. Today, we volition absorption connected the quarter's coagulated show and supply an update to our fiscal twelvemonth 2026 outlook. We volition besides sermon caller concern awards and launches arsenic good arsenic stock immoderate insights connected our expectations for the aboriginal beyond fiscal twelvemonth 2026. Before we get into the results, I would similar to instrumentality a infinitesimal to admit the hard enactment and dedication of our much than 65,000 employees who enactment diligently each time to present connected our commitments, particularly successful airy of the important challenges during the past quarter.

The absorption squad and I admit the team's corporate efforts, which resulted successful a coagulated commencement to fiscal twelvemonth 2026. I would besides similar to convey our customers astir the satellite who proceed to admit Adient plc arsenic the world's preeminent CDN supplier. Thank you. Turning to descent four, which summarizes our archetypal 4th results. The opening of the twelvemonth was filled with uncertainty. The Novella's fire, the Nexperia shortage, and JLR productions were each unknowns. But arsenic the Adient plc squad does clip and clip again, we managed done each of these events by leveraging a resilient operating model.

Thankfully, the uncertainty of these events is astir down us, and we are focused connected execution to conscionable the needs of our customers. For the astir part, volumes are expected to retrieve wrong our fiscal year, and we expect to mitigate overmuch of the wide interaction of these events. Our gross for the 4th was up 4% twelvemonth implicit year, chiefly driven by FX tailwinds from Europe. Excluding FX, gross successful China was up importantly arsenic expected, delivering connected our maturation commitments and much than offsetting accumulation headwinds from North America. We stay laser-focused connected caller concern wins and ensuring we stay our customer's supplier of choice.

We are supporting our customers' onshoring efforts successful North America, some nonstop and indirect, and proceed to presumption Adient plc arsenic a nett beneficiary of onshoring. While we person nary caller programs to denote astatine this time, we stay highly optimistic astir the near-term imaginable for a ample home OEM program. Our escaped currency travel procreation and equilibrium expanse stay strong, which allowed america to allocate superior successful a disciplined manner. We returned an further $25 cardinal to shareholders done stock repurchases this quarter, which Mark volition item further successful his section. And we ended the 4th with $855 cardinal successful cash.