Adient plc Files 2024 10-K Report
Ticker: ADNT · Form: 10-K · Filed: Nov 18, 2024 · CIK: 1670541
Sentiment: neutral
Topics: 10-K, annual-report, automotive
TL;DR
Adient plc's 2024 10-K is in: FY ended 9/30/24. Irish-domiciled auto parts giant.
AI Summary
Adient plc filed its 2024 10-K report on November 18, 2024, detailing its fiscal year ending September 30, 2024. The company, a major supplier of automotive seating systems, operates under the SIC code 3714. Adient plc is incorporated in Ireland and its principal executive offices are located in Dublin.
Why It Matters
This filing provides investors and analysts with a comprehensive overview of Adient's financial performance, strategic positioning, and risk factors for the fiscal year 2024, crucial for understanding the company's health and future prospects in the automotive industry.
Risk Assessment
Risk Level: medium — The automotive industry is subject to cyclical demand, supply chain disruptions, and intense competition, all of which can impact Adient's financial performance.
Key Numbers
- 0930 — Fiscal Year End (Indicates the end of the reporting period for the 10-K.)
- 2024 — Filing Year (The year in which the 10-K was filed.)
Key Players & Entities
- Adient plc (company) — Filer of the 10-K report
- 20240930 (date) — Conformed period of report
- 20241118 (date) — Filed as of date
- 3 DUBLIN LANDINGS (address) — Street 1 of business and mail address
- DUBLIN (location) — City of business and mail address
- 3714 (industry_code) — Standard Industrial Classification for Motor Vehicle Parts & Accessories
FAQ
What is Adient plc's primary business?
Adient plc is primarily involved in the manufacturing of motor vehicle parts and accessories, specifically seating systems, as indicated by its SIC code 3714.
When did Adient plc file its 10-K report?
Adient plc filed its 10-K report on November 18, 2024.
What is the reporting period for this 10-K filing?
The conformed period of report for this 10-K filing is September 30, 2024.
Where are Adient plc's principal executive offices located?
Adient plc's principal executive offices are located at 3 Dublin Landings, North Wall Quay, Dublin, L2, D01 H104.
What is Adient plc's Standard Industrial Classification (SIC) code?
Adient plc's SIC code is 3714, which corresponds to Motor Vehicle Parts & Accessories.
Filing Stats: 4,289 words · 17 min read · ~14 pages · Grade level 16 · Accepted 2024-11-18 16:16:51
Key Financial Figures
- $0.001 — registered Ordinary Shares, par value $0.001 ADNT New York Stock Exchange Indicate
Filing Documents
- adnt-20240930.htm (10-K) — 2775KB
- a9302024exhibit1042.htm (EX-10.42) — 52KB
- a9302024exhibit191.htm (EX-19.1) — 53KB
- a9302024exhibit211.htm (EX-21.1) — 41KB
- a9302024exhibit231.htm (EX-23.1) — 3KB
- a9302024exhibit311.htm (EX-31.1) — 17KB
- a9302024exhibit312.htm (EX-31.2) — 16KB
- a9302024exhibit321.htm (EX-32.1) — 10KB
- a9302024exhibit971.htm (EX-97.1) — 27KB
- adnt-20240930_g1.jpg (GRAPHIC) — 11KB
- adnt-20240930_g2.jpg (GRAPHIC) — 121KB
- adnt-20240930_g3.gif (GRAPHIC) — 2KB
- image_0.jpg (GRAPHIC) — 21KB
- image_0a.jpg (GRAPHIC) — 21KB
- 0001670541-24-000109.txt ( ) — 15967KB
- adnt-20240930.xsd (EX-101.SCH) — 78KB
- adnt-20240930_cal.xml (EX-101.CAL) — 127KB
- adnt-20240930_def.xml (EX-101.DEF) — 534KB
- adnt-20240930_lab.xml (EX-101.LAB) — 1108KB
- adnt-20240930_pre.xml (EX-101.PRE) — 862KB
- adnt-20240930_htm.xml (XML) — 2771KB
Business
Business 4 ITEM 1A
Risk Factors
Risk Factors 13 ITEM 1B Unresolved Staff Comments 26 ITEM 1C Cybersecurity 26 ITEM 2
Properties
Properties 28 ITEM 3
Legal Proceedings
Legal Proceedings 28 ITEM 4 Mine Safety Disclosures 28 PART II ITEM 5 Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 29 ITEM 6 [Reserved] 30 ITEM 7
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 30 ITEM 7A
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 50 ITEM 8
Financial Statements and Supplementary Data
Financial Statements and Supplementary Data 52 ITEM 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 100 ITEM 9A
Controls and Procedures
Controls and Procedures 100 ITEM 9B Other Information 101 ITEM 9C Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 101 PART III ITEM 10 Directors, Executive Officers and Corporate Governance 102 ITEM 11
Executive Compensation
Executive Compensation 102 ITEM 12
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 102 ITEM 13 Certain Relationships and Related Transactions, and Director Independence 102 ITEM 14 Principal Accounting Fees and Services 102 PART IV ITEM 15 Exhibits and Financial Statement Schedules 103 ITEM 16 Form 10-K Summary 109
Signatures
Signatures 110 Adient plc | Form 10-K | 3 PART I
Business
Item 1. Business Adient plc ("Adient") is a global leader in the automotive seating supply industry with leading market positions in the Americas, Europe and China and maintains longstanding relationships with the largest global automotive original equipment manufacturers ("OEMs"). Adient's proprietary technologies extend into virtually every area of automotive seating solutions, including complete seating systems, frames, mechanisms, foam, head restraints, armrests and trim covers. Adient is a global seat supplier with the capability to design, develop, engineer, manufacture, and deliver complete seat systems and components in every major automotive producing region in the world. Adient designs, manufactures and markets a full range of seating systems and components for passenger cars, commercial vehicles and light trucks, including vans, pick-up trucks and sport/crossover utility vehicles. Adient operates more than 200 wholly- and majority-owned manufacturing or assembly facilities, with operations in 29 countries. Additionally, Adient has partially-owned affiliates in China, Asia, Europe and North America. Through its global footprint and vertical integration, Adient leverages its capabilities to drive growth in the automotive seating industry. Adient's business model is focused on developing and maintaining long-term customer relationships, which allows Adient to successfully grow with leading global OEMs. Adient and its engineers work closely with customers as vehicle platforms are developed, which results in close ties with key decision makers at OEM customers. Business Organization and Strategy Global Manufacturing Footprint Adient is a global leader in automotive seating. With more than 70,000 employees operating in more than 200 manufacturing and assembly plants in 29 countries worldwide, Adient produces and delivers automotive seating for all vehicle classes and all major OEMs. From complete seating systems to individual components, Adient's manu