Adient PLC Q4 2023 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Joseph Robert Spak - UBS Investment Bank, Research Division - Analyst : Many congrats to the 3 of you on the call as well. Maybe just to pick up there, if we -- if North America or Americas is roughly flat, Europe could be down, you have growth in China. And then we think about the -- some of the detailed EBITDA impacts, you talked about, right, the transaction impact in Americas, some of these footprint actions in Europe and China. I mean, maybe you could just help us understand by region where you still have greater room to drive that business performance because -- and maybe a little bit of color by the regions. Because it does seem like -- at least from a top line perspective and with some of the cost issues you talked about, it almost seems like most of that margin performance has to come out of Asia, unless we're thinking about that incorrectly.