Adient plc 8-K, filed Nov 4, 2026

Adient plc (ADNT)

8-K 2026-11-04 For: 2026-11-04

Added on November 04, 2026

About this 8-K

Adient plc filed this 8-K on November 4, 2026.

Adient plc reported fiscal 2026 net sales of 15,168 million and attributable net loss of (17) million, versus 14,535 million and (281) million in 2025. AI summary

Items reported

Item 2.02: Financial results
Item 9.01: Financial statements and exhibits

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Ireland	001-37757	98-1328821
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification Number)


EXHIBIT INDEX
Exhibit No.						Exhibit Description

99.1						Adient plc News Release dated November 4, 2026

104						Cover Page Interactive Data File (the Cover Page Interactive Data File is embedded within the Inline XBRL document).


	ADIENT PLC
Date: November 4, 2026	By:	/s/ Heather M. Tiltmann
	Name:	Heather M. Tiltmann
	Title:	Executive Vice President, Chief Legal and Human Resources Officer, and Corporate Secretary


	Three Months Ended September 30,				Twelve Months Ended September 30,
(in millions, except per share data)	2026		2025		2026		2025
Net sales	$	3,730	$	3,688	$	15,168	$	14,535
Cost of sales	3,481		3,441		14,210		13,574
Gross profit	249		247		958		961
Selling, general and administrative expenses	151		124		555		522

Restructuring and impairment costs	74		11		108		392
Equity income	20		8		80		68
Earnings before interest and income taxes	44		120		375		115
Net financing charges	62		49		206		193
Other pension expense (income)	(16)		7		(11)		10
Income (loss) before income taxes	(2)		64		180		(88)
Income tax expense	18		26		115		103
Net income (loss)	(20)		38		65		(191)
Income attributable to noncontrolling interests	27		20		82		90
Net income (loss) attributable to Adient	$	(47)	$	18	$	(17)	$	(281)

Diluted earnings (loss) per share	$	(0.62)	$	0.22	$	(0.22)	$	(3.39)

Shares outstanding at period end	74.8		79.2		74.8		79.2
Diluted weighted average shares	76.1		81.3		77.8		83.0


	September 30,
(in millions)	2026		2025
Assets
Cash and cash equivalents	$	886	$	958
Accounts receivable - net	1,975		1,873
Inventories	690		695

Other current assets	495		607
Current assets	4,046		4,133

Property, plant and equipment - net	1,401		1,409
Goodwill	1,808		1,807
Other intangible assets - net	290		319
Investments in partially-owned affiliates	267		276
Assets held for sale	20		9
Other noncurrent assets	986		1,001
Total assets	$	8,818	$	8,954

Liabilities and Shareholders' Equity
Short-term debt	$	14	$	11
Accounts payable and accrued expenses	3,058		2,942

Other current liabilities	656		734
Current liabilities	3,728		3,687

Long-term debt	2,338		2,386

Other noncurrent liabilities	737		723
Redeemable noncontrolling interests	88		95
Shareholders' equity attributable to Adient	1,634		1,766
Noncontrolling interests	293		297
Total liabilities and shareholders' equity	$	8,818	$	8,954


25 North Wall Quay Dublin 1, Ireland D01 H104
(Address of principal executive offices)


(in millions)	Three months ended September 30, 2026
	Americas			EMEA			Asia			Corporate/Eliminations		Consolidated

Net sales	$	1,915		$	1,054		$	785		$	(24)	$	3,730
Adjusted EBITDA	$	85		$	32		$	136		$	(24)	$	229
Adjusted EBITDA margin	4.4		%	3.0		%	17.3		%	N/A		6.1		%

	Three months ended September 30, 2025
	Americas			EMEA			Asia			Corporate/Eliminations		Consolidated

Net sales	$	1,786		$	1,145		$	783		$	(26)	$	3,688
Adjusted EBITDA	$	111		$	31		$	106		$	(22)	$	226
Adjusted EBITDA margin	6.2		%	2.7		%	13.5		%	N/A		6.1		%


(in millions)	Twelve months ended September 30, 2026
	Americas			EMEA			Asia			Corporate/Eliminations		Consolidated

Net sales	$	7,369		$	4,742		$	3,148		$	(91)	$	15,168
Adjusted EBITDA	$	399		$	125		$	450		$	(90)	$	884
Adjusted EBITDA margin	5.4		%	2.6		%	14.3		%	N/A		5.8		%

	Twelve months ended September 30, 2025
	Americas			EMEA			Asia			Corporate/Eliminations		Consolidated

Net sales	$	6,856		$	4,773		$	2,983		$	(77)	$	14,535
Adjusted EBITDA	$	402		$	124		$	440		$	(85)	$	881
Adjusted EBITDA margin	5.9		%	2.6		%	14.8		%	N/A		6.1		%


(a)			Adjusted EBIT is defined as income (loss) before income taxes and noncontrolling interests excluding net financing charges, restructuring, impairment and related costs, purchase accounting amortization, transaction gains/losses, other significant non-recurring items, and net mark-to-market adjustments on pension and postretirement plans. Adjusted EBIT margin is adjusted EBIT as a percentage of net sales.

(b)			Adjusted EBITDA is defined as adjusted EBIT excluding depreciation and equity based compensation. Certain corporate-related costs are not allocated to the business segments in determining adjusted EBITDA. Adjusted EBITDA margin is adjusted EBITDA as a percentage of net sales.
(c)			Adjusted net income attributable to Adient is defined as net income (loss) attributable to Adient excluding restructuring, impairment and related costs, purchase accounting amortization, transaction gains/losses, expenses associated with becoming an independent company, other significant non-recurring items, net mark-to-market adjustments on pension and postretirement plans, the tax impact of these items and other discrete tax charges/benefits.

(d)			Adjusted income tax expense (benefit) is defined as income tax expense adjusted for the tax effect of the adjustments to income before income taxes and other discrete tax changes/benefits. Adjusted effective tax rate is defined as adjusted income tax expense (benefit) as a percentage of adjusted income before income taxes.

(e)			Adjusted diluted earnings per share is defined as adjusted net income (loss) attributable to Adient divided by diluted weighted average shares.

(f)			Adjusted equity income is defined as equity income excluding amortization of Adient's intangible assets related to its non-consolidated joint ventures and other unusual or non-recurring items impacting equity income.
(g)			Adjusted interest expense is defined as net financing charges excluding unusual or one-time items impacting interest expense.
(h)			Free cash flow is defined as cash provided by operating activities less capital expenditures.
(i)			Net debt is calculated as total debt (short-term and long-term) less cash and cash equivalents.
(j)			Net leverage ratio is calculated as net debt divided by adjusted EBITDA for the last four quarters.


	Three months ended September 30,
	2026						2025
(in millions, except effective tax rate)	Income before income taxes		Income tax expense (benefit)		Effective tax rate		Income before income taxes		Income tax expense (benefit)		Effective tax rate
As reported	$	(2)	$	18	nm		$	64	$	26	40.6	%
Adjustments
EBIT adjustments - see table (a) & (b)	102		16		15.7	%	22		3		13.6	%
Premium paid on repurchase of debt	10		—		—	%	—		—		nm
Write off of deferred financing charges upon repurchase of debt	3		—		—	%	—		—		nm
Fees paid on Term Loan B modifications	2		—		—	%	—		—		nm
Pension mark-to-market & settlement loss	(17)		—		—	%	7		4		57.1	%

UTP establishments and interest	—		(5)		nm		—		(4)		nm
Tax audit closures and statute expirations	—		—		nm		—		2		nm

FX remeasurements of tax balances	—		(2)		nm		—		1		nm
Other	—		3		nm		—		(2)		nm
Subtotal of adjustments	100		12		12.0	%	29		4		13.8	%
As adjusted	$	98	$	30	30.6	%	$	93	$	30	32.3	%


	Twelve months ended September 30,
	2026						2025
(in millions, except effective tax rate)	Income before income taxes		Income tax expense (benefit)		Effective tax rate		Income before income taxes		Income tax expense (benefit)		Effective tax rate
As reported	$	180	$	115	63.9	%	$	(88)	$	103	nm
Adjustments
EBIT adjustments - see table (a) & (b)	189		24		12.7	%	455		23		5.1	%
Premium paid on repurchase of debt	10		—		—	%	—		—		nm
Write off of deferred financing charges upon repurchase of debt	3		—		—	%	2		—		—	%
Fees paid on Term Loan B modifications	2		—		—	%	—		—		nm
Pension mark-to-market & settlement loss	(15)		—		—	%	7		4		57.1	%
NOL DTA adjustments	—		—		nm		—		(19)		nm
UTP establishments and interest	—		(34)		nm		—		(17)		nm
Tax audit closures and statute expirations	—		12		nm		—		25		nm
Intellectual property rights transfer	—		11		nm		—		—		nm
FX remeasurements of tax balances	—		2		nm		—		4		nm
Other	—		4		nm		—		(4)		nm
Subtotal of adjustments	189		19		10.1	%	464		16		3.4	%
As adjusted	$	369	$	134	36.3	%	$	376	$	119	31.6	%


Not applicable