Adient (ADNT) Misses Q2 EPS by 6c, Revenue Beats
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Adient reports second quarter 2018 financial results
May 3, 2018 7:00 AM EDTPLYMOUTH, Mich., May 3, 2018 /PRNewswire/ -- Adient (NYSE: ADNT), a global leader in automotive seating, today announced second quarter earnings.
Q2 GAAP net income and EPS diluted of $(168) million and $(1.80), respectively; GAAP results reflect a net $279 million non-cash goodwill impairment charge related to ADNT's SS&M segment Q2 Adjusted-EBIT and Adjusted-EBITDA of $252 million and $363 million, respectively Q2 Adjusted-EPS diluted of $1.85 Cash and cash equivalents of $353 million at March 31, 2018 Gross debt and net debt of $3,678 million and $3,325 million, respectively, at March 31, 2018... More