FY 2023 Second Quarter Earnings Call
Q2 FY23 Adjusted-EBITDA: EMEA
Q2FY23 of $53M, up $23M y-o-y, driven by:
>
>
>
Increased volume and mix of $52M resulting
from improving customer production
Improved business performance of ~$14M,
driven by:
~$27M of net material margin
improvement, aided by certain commercial
recoveries
$ in millions
>
Improved launch / ops waste / tooling
performance of ~$4M
>
Labor and overhead efficiencies were more
than offset by the negative impacts of
$30
increased labor and utility costs, resulting in
a net ~$14M headwind
>
2.5%
>
>
Increased freight costs of ~$3M
Partially offsetting the improvements was a
~$46M headwind related to commodities,
driven primarily by nonrecurring favorable
inventory valuation in FY22 due to higher
commodity costs, while FX benefited the
quarter by ~$4M
SG&A was a ~$3M negative impact due to the
nonrecurrence of certain austerity measures
FY2023 Second Quarter Earnings Call
$14
$52
$2
Q2FY22
Volume /
Mix
Business
Performance
Equity
Income
Adient - PUBLIC
$(42)
$(3)
FX /
Commodities
ADIENT
$53
3.8%
SG&A
Q2FY23
May 3, 2023
20View entire presentation