Thanks, Jerome.
on X. adjusted on the Slide Adhering side into format, on our the Let's and jump to quarter the our left right page shows results side. the results financials typical
Lower in quarter prior should items important of share.
I'll $XXX when sales will We a quickly for reported special in down We adjustments compared 'XX. we impact otherwise to slides periods recovery Q&A.
Starting million, view the next periods $XX details million. million the insurance for reported the results or weighed the our $X.X of insurance was the since a of FX by of results ensure were one-time time The of level one $X.X excludes million.
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Adjusted as adjusted QX XX. adjusted appendix volumes Slide that X% year-on-year of results, adequate $XX and million, the on last for in $X.XX sales or we year-over-year the of on between Details presentation.
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year-on-year Focusing by on sales lower mix. by by the EMEA, a about China.
In volumes driven Adient's sales program sales in right-hand lower X%, in side driven of and X% were were Americas while weaker consolidated and lower the in the growth Asia slide, grew Americas, a
certain on customers We platforms. to our key continue a phase slower-than-expected launch ramp see from
reaching of outpacing customers volume lower In in programs ramp our demand volume, addition line programs of experienced industry overall we out year.
In few levels.
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provided reported ago. bridge year the current the Moving the to was $XXX We of drivers The between page. million Adjusted versus the show our of million a $XXX quarter EBITDA of in are primary Slide performance periods. year-on-year comparison XX. to segments on EBITDA adjusted detailed the a
for X at recoveries.
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Partially pressured the experienced material our on impact of outsized an margin, point, headwinds and Americas, performance, last engineering, and by million, offset The $XX $XX As the insurance last of a to the appendix biggest for RMB, freight commercial Outside of positive APAC across each call QX.
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nonrecurrence management slower million a 'XX pressured million. inventory of by on it QX notice as the negatively results were As insurance headwind was $XX in certain 'XX which quarter quarter certain as an nonrecurring as a downtime by a and 'XX, $XX EMEA, high includes level from of by it which customer adverse year-on-year at platforms, call benefited of timing. impacted mix, about essentially QX customers, unusually key the recovery $X the $XX customer and of benefited settlement, with and million, the of million, and the insurance by reminder, a million. headwind Volume inefficiencies.
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Volume adverse
team conditions warning this which said, we conducted impairment being Before formal in the trend That XX-Q, in leaving were including course normal expect triggering in our region, given No mention, language identified. file the impairment later of to QX long-lived challenging assets, its assessment EMEA, 'XX to the of recoverability is goodwill. afternoon. I'll events included EMEA's Form our recent results, due
testing for QX. detailed is planned Our year-end
costs adjust As you Europe, to the our continue know, will we in to region. in are additional actions taking assess steps we efficiency
FX related performance in the margin Asia, improved quarter on million. and impacted improved negatively a million Moving $X was labor the and in quarter. material efficiencies. Volume business to headwind $XX higher mix by
performing at a team challenges. we previously one-time to drive included bridges, regions and the true especially the addition the is which year-to-date manage has the mentioned, is In to a to regional certain given influence look are region by how This the headwinds that picture the macro through. significant particular factors a facing clear of Americas also QX company improved as that smoothing quarter.
In provide summary, could to of Asia. a volume business had the is performance, when significant EMEA, looking is structural continues and
now shift highlights slide XX side on cash Starting Slides structure with XX, the right our me the cash, and Slide on XX. to capital liquidity, year-to-date the Let of results. and
frame volatility You capital of helps the see movements. time the can that smooth longer in some working
allocation slide. primary the on slide the to of one, to as is the for million other million pre-cash the bringing at say won't I last of $XX For resources listed beginning year.
One This in sheet, to while the than the side year-on-year versus various belief million.
The expect to of defined shares good slide, million. of operating was $XXX of each low-cost called shareholders -- receivables the to in free This underscores At the ensuring of flexibility. quarter, year-end.
[ our move $XXX to on that ] we returned efficient cash the are results had of noted CapEx, $XX capital June a flow, source utilize is at right out right-hand less drivers to cash total continues XX, is outstanding continue return XXXX, year. stewards and it Slide company strong full being of the that strong point the year-to-date the of balance maintaining quarter, fiscal XX, liquidity. on million it programs factoring conversion we Whooping read approximately cash the factored $XXX side shareholders X% Adient's as
just sheet, range Turning at our at totaled which XX, $X.X X.Xx, is position and billion under targeted about $X.X XXXX.
The balance respectively, XX net leverage and company's was within Adient's debt to June in billion, cash net to capacity debt the June was on for $X.X of at $XXX under liquidity of XX, billion line hand Adient's credit. of about million $XXX revolving June X.Xx the of company undrawn of approximately comprised Xx.
Total million
a comments XX, the Slide to Moving just few outlook to related XXXX. for our of fiscal remainder
Jerome mentioned, fiscal conditions. to As are reflect we year updating Adient's market 'XX current guidance
outlook curves by of part our updated a billion. top-line, the temporary mix, customer launch revised $XX.X approximately the customer driven reflect Result guidance production management. and sales forecast we and large softness On in and to lesser have adding a to inventory degree,
EBITDA to the million. forecasted of impact volume the is top-line adjusted and reflect now Our lower is outlook updated $XXX at
our higher and primarily expected and freight net and X volume the guidance assumes For business costs.
Equity is change remainder income has mitigating at $XXX performance is interest improved our performance trend will taxes the expected expense $XXX performance from current is by still of headwinds. these about year, at Net mix the no guide margin business driven million. items.
Cash million, to decreased on million, prior expected $XX material
as from as expect process.
And flow finally, well purposes, with a customer largely into as prior launch some on prior focused million, revised costs, reduction the managing obtaining is at our recoveries, improvements our million, as maintaining strong at modeling let's have guidance, it our on still working a $XXX our excellent with the impact the million, spending for earnings free the the we For Can from sheet.
With cash cash question, commercial while we EBITDA and business $XXX for guidance are we tax driving please? our expected schedules, reflecting on the expense offset is fair to lower at for generating lowering modest fiscal program $XXX change such flow that cash and our the free we're is question-and-answer controllables, matching we customer results balance as year.
CapEx, are forecast business, of based portion up, volumes timing, estimated of delivering expectations flexibility capital efficiencies the customers, sum move no to owners strong call. that, flow.
To first
