Shares of Adient PLC (NYSE: ADNT), a leading automotive seating and interiors supplier, surged over 10% in premarket trading on Thursday following the company's better-than-expected fourth-quarter 2024 financial results and an upbeat outlook for fiscal year 2025.

For the fourth quarter ended September 30, 2024, Adient reported adjusted earnings per share of $0.68, surpassing the consensus estimate of $0.52 by a significant margin. The company's revenue for the quarter came in at $3.562 billion, beating analysts' expectations of $3.439 billion.

Adient's strong performance in the fourth quarter was driven by improved profitability, with adjusted EBITDA margin expanding by 30 basis points year-over-year to 6.6%. The company also generated robust free cash flow of $277 million for the full fiscal year 2024, enabling share repurchases of $275 million and debt reduction of $130 million.

Looking ahead to fiscal year 2025, Adient expects approximately flat adjusted EBITDA compared to the previous year, with business performance anticipated to offset lower volumes. The company's management expressed confidence in maintaining flat to improved total margins during the upcoming fiscal year.