Adient plc: Initiation Of Coverage – What Is Its Business Strategy & How Is It Growing In China? 

This is our first report on Adient, a global leader in automotive seating. The company has continued to focus on business performance, launch execution, and continuous improvement in FY 2024. Some highlights in the first fiscal quarter of 2024 include a total revenue of $3.7 billion, a slight decrease compared to the previous year’s first quarter, and an adjusted EBITDA totalling $216 million, reflecting an increase of 2%. Despite the challenges brought about by strike-related production disruptions, the management team has retained its focus on driving the business forward and achieving operational excellence.