ADNT News & Events

Raises FY26 adjusted EBITDA view to $885M from $880M. Raises FY26 free cash flow view to $130M from $125M. Backs FY26 capital expenditures view $300M. The company said, ""Our strong first-half execution and ability to perform through external headwinds underpin our decision to raise full-year guidance. We continue to maintain a strong balance sheet and ample liquidity, giving us flexibility as we prioritize operational excellence, regional growth and margin expansion."

Reports Q2 revenue $3.87B, consensus $3.63B. The company said, "In Q2, we delivered solid results and continued to execute with discipline in a dynamic operating environment. Our teams remained focused on what we control-supporting our customers, continuing operational excellence and driving growth."

Adient announced that it has expanded its operational footprint by acquiring a foam production plant in Romulus, MI. The plant, which produces foam for seats for multiple automaker customers, joins Adient's network of 10 foam plants in the Americas region. Globally, the company has 30 foam manufacturing plants. Adient purchased the plant from automotive supplier Woodbridge. The agreement included the purchase of the existing building and land, production equipment, inventory and associated assets. Employees currently working at the plant will become Adient employees. The collective bargaining agreement with the UAW will remain in place.