FY 2023 Second Quarter Earnings Call
Q2 FY23 Adjusted-EBITDA: Americas
Q2FY23 of $72M, up $26M y-o-y, driven by:
>
>
Improved volume and mix of ~$15M resulting
from modestly improving customer production
Improved business performance of ~$14M driven
by:
>
Increased net material margin performance
of ~$22M, aided by certain commercial
recoveries
Improved freight costs of ~$5M
$ in millions
>
>
>
>
Labor and overhead efficiencies were more
$46
than offset by the negative impacts of
increased labor costs, resulting in a net
~$7M headwind
>
Launch costs negatively impacted the
quarter by ~$6M driven by the timing of
launches
2.9%
FX and commodities were a ~$3M benefit in the
quarter
Partially offsetting these benefits, SG&A weighed
on the quarter by ~$6M, primarily driven by the
nonrecurrence of certain compensation related
austerity measures taken in FY22
FY2023 Second Quarter Earnings Call
$15
$14
$3
ADIENT
$(6)
$72
4.1%
Q2FY22
Volume /
Mix
Business
Performance
FX/
Commodities
SG&A
Q2FY23
Adient - PUBLIC
May 3, 2023
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