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Published 3 months ago

Adient sales fall flat as auto supplier looks at new business opportunities

Summary by Automotive News
Adient plc’s revenue stagnated in the first quarter, though its CEO said business performance is improving and margins will, too. The company, which has its North American base in Plymouth, about 27 miles West of Detroit, had sales of $3.66 billion, down marginally from the year prior, and adjusted EBITDA of $216 million, up 2 percent year over year. Adjusted earnings came to 31 cents per share for the quarter, falling below investor expectation…

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Adient sales fall flat as auto supplier looks at new business opportunities

Adient plc’s revenue stagnated in the first quarter, though its CEO said business performance is improving and margins will, too. The company, which has its North American base in Plymouth, about 27 miles West of Detroit, had sales of $3.66 billion, down marginally from the year prior, and adjusted EBITDA of $216 million, up 2 percent year over year. Adjusted earnings came to 31 cents per share for the quarter, falling below investor expectation…

3 months ago·United States
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