and how up. fiscal insights the thank shaping joining quarter will you our us additional for today. Mike. into results we Thanks, review and XXXX morning, we everyone, Today, first industry landscape see and Good share
our current and a year over addition, full high-level turn you and outlook. review to overview give it In the business financials will developments of to Mark then we
Slide Turning now to X.
headwinds. with customer business allowing off are mix to mitigate volume us a ongoing to XXXX, performance solid fiscal ago, in versus and a improved We start year
were in able typical and we to flow. result, decline XX% million a below decremental and in $XX We generated margins cash of EBITDA revenue. free approximately $XXX to As year-over-year contain XX% achieved X% million our a adjusted
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internal All was in the our with quarter things expectations. line considered,
in a continue million also capital XX million. 'XX to far and total manner, XXX stock share We fiscal bringing repurchases another to so QX, bought 'XX of and in disciplined allocate in back
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which shortly. also we where share over I'm have report, sustainability our XXXX will highlighted released to go have accomplishments, several notable proud that I we
on our customers We sustainability our from ongoing investors excellent have feedback of customer our focus. many received and
Moving to Slide X.
dynamics of Let walk we the you through observing regional some through. navigating been me and have
stock in in an improving reduced the with segment. and 'XX First, levels. better successfully in full-size as year customers a expected, calendar pickup industry particularly saw entering Americas, inventories, The the truck position is SAAR we healthier far
forecasted ] in year production With pace annual seasonally [ XXXX. the were In of schedules selling since rates appear adjusted auto to highest sales $XX.XX support calendar fact, inventories, May current million XXXX. December normalized of
year giving 'XX at have we ramp this full last of quarter, tailwind As key to rates, a producing launches run customer during most that year. mentioned were us slow been fiscal
plans developing we on Americas, tariffs, if potential the to continue and been evaluate imposed. have point mitigate to Last impacts,
conditions and Industry policies, strong segments competition from lower EMEA. Chinese production headwinds and exports despite economic imports around uncertainty to increasing remain electrification from program entry-level now and and challenging, with new political delays Turning tariffs.
Our ongoing. remains multiyear plan track, on restructuring with in activities Europe
we ramp anticipate about savings continue in up from reminder, to savings and year be these we XXXX, to As actions through these to fiscal 'XX. expect X/X a realized of
restructuring we will to developments, and Lastly, continue monitor align production customer our and accordingly. capacity
market actively of are We players. European and a for our footprint shaping new localization smaller future
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modestly volume. into dive outlook, going that 'XX, and Based conditions declining primarily China. Let's deeper has mostly underlying of year driven to but 'XX, see in segments late stimulus revenue content. demand what's from emerged has on on entry-level outside 'XX Challenging production China scrappage minimal current auto soften has market OEM Adient in into we calendar slightly in Government to schemes. been year effective, continued continuing fiscal year in from export with mix calendar increasing local short-term flat where unfavorable
to traditional year luxury our leading fiscal production intensified, have pressures their and 'XX customers European reduce competitive targets. Additionally, Japanese-based
entrants early several programs, the seen signaling targeted our and industry operations, of of new stages ceased potentially consolidation. cancel OEMs has We one have
BYD China forecast year-on-year by growth. S&P's growth for exports overall XXXX bolstered gains for X% production calls and China the share Market production outlook. of year calendar have
bit entity is significant have It is However, a be X%. however, exports KEIPER our to excluding venture. that, joint digging about down noting, BYD that through less consolidated with business we production worth BYD and component have expected into deeper where content, we
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XX% of segment, adjusted key margins Asia market, greater EBITDA achieved a is Our than in QX. which China
to on Moving X. now Slide
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for business global rear and jet, Our business with front It win successfully global team. new local other awards includes headrests, this seat excellent China rear and highlighting parts, customer the on a conquest to Mercedes business worth seat this that is seat and quarter incumbent, OEMs relationships. functional an China to from armrests, our were foam, the enhancements frames, We demonstrate our platform. trim growth able further with the E-Class
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of beyond region, business 'XX. our in part competitive to momentum see maintaining experience, have which a We outstanding customer drive in healthy fiscal innovative launches resulted case. a We flow from strong upcoming capabilities also an the while
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We for and continue safety, metrics perform customers. quality on-time to on our
Moving on to Slide now X.
that natural to growth planet's are is efficiency the processes business identifying promote the of Adient and on our a resources. our improving and manufacturing development. driving by use and and methods We pursuing economy operations our impact our in approach finished protect of of energy change. developing sustainable circular reducing materials minimize and materials, our We sustainable and climate that resources product on products circular responsible our products use carbon strive environmental impact by focused for reducing natural footprint into
I in Scope base reduction want a to and XX% recognize X inclusive utilization the and Adient an and including team diverse for gas X supply XX% their in emissions of electricity accomplishments to workplace. a greenhouse base a Scope XXXX, year, strong commitment renewable our from
to maintain cash get The X. flow softer customer execute restructuring margins Americas production creating value business its have continues continues model now and has key a levels local headwinds generating helped with earnings our performance, China and Adient's Asia and and of guidance, free to moving flow China the is strong and FX free committed takeaways pressures. for The win improved Mark to incremental while macro on some EMEA. region minute, is OEMs, mitigate will company continues continues to to on Finally, cash to expand plan. to operating on company which business in which new to margins. volumes management higher the The to and enabling EMEA Adient drive and to Slide in cash its stakeholders. continues The despite And multiyear finally,
outlook. to Mark you through to to financials like over Now I'd our and turn take it
