Adient plc (NYSE:ADNT) Q1 2024 Results Conference Call February 7, 2024 8:30 AM ET

Company Participants

Eric Deighton - Investor Relations

Jerome Dorlack - President and Chief Executive Officer

Mark Oswald - Executive Vice President and Chief Financial Officer

Conference Call Participants

Rod Lache - Wolfe Research

John Murphy - Bank of America

Emmanuel Rosner - Deutsche Bank

Colin Langan - Wells Fargo

Joseph Spak - UBS

Dan Levy - Barclays

Operator

Welcome to the Adient First Quarter Financial Results Conference Call. The lines have been placed in a listen-only mode until the question-and-answer session. [Operator instructions] Today's conference is being recorded.

Now, I'll turn the call over to Eric Deighton. Sir, you may begin.

Eric Deighton

Thank you, Shirley. Good morning, and thank you for joining us, as we review Adient's results for the first quarter of fiscal 2024. 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 Jerome Dorlack, Adient's President and Chief Executive Officer; and Mark Oswald, our Executive Vice President and Chief Financial Officer. On today's call, Jerome will provide an update on the business followed by Mark, who will review our Q1 financial results and outlook for the remainder fiscal 2024. After our prepared remarks, we will open the call to your questions.

Before I turn the call over to Jerome and Mark, 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 2 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 of our full earnings release.

This concludes my comments. I'll now turn the call over to Jerome Dorlack.

Jerome Dorlack

Thanks, Eric. Good morning. Thank you to our investors, prospective investors and analysts joining the call, as we review our first quarter results for fiscal year 2024.

Turning to Slide 4, let me begin with a few comments related to the quarter. As we began fiscal 2024, the company maintained its laser focus on business performance, including launch, execution and continuous improvement. The team navigated challenges from strike-related production disruptions, while maintaining focus on the day-to-day operational execution that is driving the business forward. Despite the challenges in the beginning of the quarter, the focus on operational execution and cash management actions, allowed us to successfully navigate any short-term impacts.