Adient plc (NYSE:ADNT) Q3 2022 Earnings Conference Call August 5, 2022 8:30 AM ET
Company Participants
Mark Oswald - Vice President, Treasurer and IR
Doug Del Grosso - President and CEO
Jeff Stafeil - Executive Vice President and CFO
Jerome Dorlack - Executive, Vice President, Americas
Conference Call Participants
Shreyas Patel - Wolfe Research
Emmanuel Rosner - Deutsche Bank
Colin Langan - Wells Fargo
Operator
Welcome to Adient’s Third Quarter Earnings Call. At this time, all participants are in a listen-only mode until the question-and-answer session of today’s conference. [Operator Instructions] I would like to inform all parties that today’s conference is being recorded. [Operator Instructions]
I would now like to turn the call over to your host, Mark Oswald. Thank you.
Mark Oswald
Thank you, Danielle. Good morning. And thank you for joining us as we view Adient’s results for the third quarter of fiscal year 2022. The press release and presentation slides for our call today have been posted to the Investors section of our website at adient.com.
This morning, I’m joined by Doug Del Grosso, Adient’s President and Chief Executive Officer; Jeff Stafeil, our Executive Vice President and Chief Financial Officer; and Jerome Dorlack, Executive, Vice President of the Americas.
On today’s call, Doug will provide an update on the business, followed by Jeff, who will review our Q3 financial results and outlook for the remainder of the year. After our prepared remarks, we will open the call to your questions.
Before I turn the call over to Doug and Jeff, there are few items I’d like to cover. First, today’s conference call will include forward-looking statements. These statements are based on the environment as we see it today and therefore involve risks and uncertainties.
I would caution you that our actual results could differ materially from these forward-looking statements made on the call. Please refer to slide two of the presentation for our complete Safe Harbor statement.
In addition to the financial results presented on a GAAP basis, we will be discussing non-GAAP information that we believe is useful in evaluating the company’s operating performance. Reconciliations for these non-GAAP measures to the closest GAAP equivalent can be found in the appendix or full earnings release.
This concludes my comments. I’ll now turn the call over to Doug.
Doug Del Grosso
Great. Thanks, Mark. Good morning. Thank you to our investors, prospective investors and analysts joining the call this morning as we review our third quarter results for fiscal 2022. Turning to slide four, let me begin with a few comments related to the quarter. Continuing the trend experienced throughout 2022, numerous external factors, including supply chain disruptions and resulting operating inefficiencies, COVID lockdowns increased freight and labor availability to name a few, continue to influence the industry and Adient’s near-term results.