Adient PLC

Adient plc, incorporated in Ireland, makes car seats. It designs, engineers, builds and delivers complete seating systems, plus the parts inside them: metal frames, mechanisms that let seats slide and recline, foam, head restraints, armrests and trim covers. Its customers are automakers, known as original equipment manufacturers (OEMs). Its annual report names Toyota, Volkswagen, Ford, General Motors, BMW, Hyundai and Stellantis, along with Chinese brands such as BYD, NIO and Xiaomi.

Adient earns money by winning contracts to supply seats for specific vehicle models. Its engineers work with the automaker while a vehicle is being designed. Seats are then built to order and shipped “just in time,” on a set schedule, straight to the car assembly line. So sales rise and fall with how many vehicles its customers build. Margins are thin. Gross margin is the share of sales left after direct production costs. It was 6.6% in fiscal 2025, the year ended September 30, 2025.

That year, revenue was $14.5 billion. The Americas brought in about 47%, Europe, the Middle East and Africa (EMEA) about 33%, and Asia about 21%. Mexico alone accounted for about 17.5%. Adient runs about 200 plants in 29 countries with more than 65,000 employees. In China it works through its own units and six joint ventures, with 37 manufacturing locations in 22 cities.

• In Q3 FY2026 (ended Jun 30, 2026), revenue was $3.93B, up 5% from a year earlier, and net income was $25.0M (-30.6%).
• For fiscal 2025, revenue was $14.54B (-1.0% year over year; +2.8% a year from FY2020 to FY2025) with a -1.9% net margin.

• Over FY2021–FY2025: $465.0M in buybacks and $0.00 in dividends.
• The company pays no regular dividend.
• Shares outstanding changed -18.3% from Sep 30, 2021 to Jun 30, 2026.

Rank among 1514 US companies

Market value at each year end

Adient’s market value went from $7.33B at the end of 2017 to $1.33B on Oct 28, 2026, down 82%; since the end of 2025 it is down 11%.

Form 4 filings from 2025-10-29 to 2026-10-29 (25 read): 0 open-market purchases and 4 sales ($716K).

Large shareholders (13G filings)

ETFs with the most weight in ADNT

1. Customer price cuts on thin margins. Automakers push suppliers for price reductions. If Adient cannot negotiate better terms or cut its own costs enough to offset them, profits suffer. Its gross margin was only 6.6% in fiscal 2025.
2. Chinese automakers drive down supplier prices. Chinese automakers building lower-cost vehicles are squeezing supplier prices in Asia. In Europe, which already struggles with overcapacity, Chinese imports add competition. Adient must also judge which new Chinese brands will last.
3. Joint venture partners share control. Adient co-owns businesses with partners, including six joint ventures with automakers such as FAW Group and Guangzhou Automobile Group. Because control is shared, disagreements or weaker results there could hurt Adient's earnings.
4. Tariffs and shifting trade rules. Adient builds seats in 29 countries, and Mexico alone accounted for about 17.5% of fiscal 2025 revenue. Higher U.S. tariffs or changes to trade agreements could raise costs or disrupt cross-border supply.
5. Significant debt and credit rating risk. As of June 30, 2026, Adient had $2.4 billion of debt against $924 million of cash and investments. A credit rating downgrade could raise interest costs and make borrowing harder.
6. Sales hinge on car production and models. Demand follows how many vehicles automakers build, which depends on interest rates, credit and consumer confidence. Losing business on a key vehicle model, weak sales of one, or strikes at automakers could hit revenue.

• Sep 18, 2026 Executive or board change
• Aug 21, 2026 Major agreement signed; New debt or financial obligation
• Aug 13, 2026 Investor presentation or announcement
• Aug 5, 2026 Quarterly results released
• Jul 10, 2026 Executive or board change
• May 20, 2026 Investor presentation or announcement
• May 6, 2026 Quarterly results released
• Mar 13, 2026 Executive or board change; Shareholder vote results
• Feb 10, 2026 Investor presentation or announcement
• Feb 4, 2026 Quarterly results released

Adient does not pay a dividend. It paid none from fiscal 2021 through fiscal 2025, and its dividend yield was 0% as of October 28, 2026. Its annual report warns it may not pay dividends, and Irish law imposes extra financial requirements before the company can declare one. For an income investor, any return would have to come from share price gains, with no regular cash payments to live on. Instead, Adient spent $465 million on buybacks (purchasing its own shares) from fiscal 2021 to fiscal 2025. That helped cut its share count by about 18% between September 2021 and June 2026.

The stock has fallen hard in downturns. In the 2020 COVID crash it dropped 76.9% in less than a month, then recovered by November 2020. In the 2022 bear market it fell 45.2% and had not regained its January 2022 peak as of October 28, 2026. Single stocks carry more risk than diversified funds.