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Adient Q3 Earnings Call Highlights
['Kim Johansen']
Markets Daily
Excluding those costs, adjusted EBITDA margin would have been in the mid-6% range, about 80 basis points above the reported 5.7% margin, according to Oswald.
EMEA adjusted EBITDA declined $7 million to $14 million as lower production levels and unfavorable mix continued to pressure the region.
At quarter-end, Adient had approximately $1.8 billion in total liquidity, including $924 million in cash and roughly $834 million of revolver availability.
Adient repurchased approximately 1.3 million shares for $30 million in the third quarter, bringing year-to-date repurchases to $55 million.
It maintained adjusted EBITDA guidance of approximately $885 million and free-cash-flow guidance of approximately $130 million.