Adient plc (ADNT) Form 10-Q — Aug 5, 2026

$ADNTForm 10-QFiled Aug 5, 2026, 4:16 PM ET0001670541-26-000093Original filing

Adient's fiscal Q3 2026 10-Q shows net sales of $3,929 million, up 5% year over year, but net income attributable to Adient fell 31% to $25 million ($0.32 diluted EPS versus $0.43 a year ago). The decline was driven by a higher 35% effective tax rate, elevated SG&A, unfavorable volume mix and currency headwinds. Margins compressed modestly, with gross profit of $235 million, or 6.0% of sales, versus 6.3% a year ago, and segment performance diverged sharply: Americas Adjusted EBITDA rose 12% to $125 million while EMEA fell 33% to $14 million on softening customer demand, leaving total Adjusted EBITDA essentially flat at $225 million.

Key figures

Eps: $0.32 diluted (Q3 FY2026) vs $0.43 prior year; $0.38 (nine months) vs $(3.56) prior year
Revenue: $3,929 million (Q3 FY2026); $11,438 million (nine months FY2026)
Net Income: $25 million attributable to Adient (Q3 FY2026) vs $36 million prior year; $30 million (nine months) vs $(299) million prior year
Total Debt: $2,388 million gross long-term debt (including $9 million current portion); $0 short-term debt
Revenue Yoy: 5% for both Q3 and nine months
Total Assets: $8,959 million
Cash Position: $924 million at June 30, 2026
Shares Outstanding: 77,096,932 ordinary shares at June 30, 2026
Gross Profit Q3: $235 million (6.0% of net sales) vs $237 million (6.3%) prior year
Working Capital: $370 million vs $446 million at September 30, 2025
Abl Facility Size: $1,000 million after amendment; $834 million available at June 30, 2026
Capex Nine Months: $205 million vs $166 million prior year
Adjusted EBITDAQ3: $225 million vs $226 million prior year
Effective Tax Rate Q3: 35%
Share Repurchases Q3: $30 million (1,333,761 shares at average $22.49)
Asia Adjusted EBITDAQ3: $107 million, -5% YoY
Emea Adjusted EBITDAQ3: $14 million, -33% YoY
Term Loan BOutstanding: $621 million
Unrecognized Tax Benefits: $336 million at June 30, 2026
Adjusted EBITDANine Months: $655 million (flat vs prior year)
Americas Adjusted EBITDAQ3: $125 million, +12% YoY
Effective Tax Rate Nine Months: 53%
Share Repurchases Nine Months: $55 million (2,566,693 shares at average $21.43)
Ieepa Tariff Refund Receivable: $52 million recorded in Q3 FY2026
Operating Cash Flow Nine Months: $366 million vs $236 million prior year
Restructuring2026 Plan Charges: $33 million in first nine months of FY2026
Buyback Authorization Remaining: $80 million
Global Light Vehicle Production Q3: 22.9 million units, +1.3% YoY
Restructuring2026 Plan Annual Savings: $34 million expected annual operating cost reduction

Price after filing

1 day: 0.0%7 days: -12.0%30 days: -7.5%

Close on the filing date to close N calendar days later (from $21.16). Historical, not a forecast.

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