Adient (ADNT) Misses Q3 EPS by 14c, Revenue Beats

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Go back to Adient (ADNT) Misses Q3 EPS by 14c, Revenue Beats

Adient reports third quarter 2018 financial results

July 26, 2018 7:05 AM EDT

PLYMOUTH, Mich., July 26, 2018 /PRNewswire/ -- Adient (NYSE: ADNT), a global leader in automotive seating, today announced third quarter earnings.

Q3 GAAP net income and EPS diluted of $54 million and $0.58, respectively Q3 Adjusted-EBIT and Adjusted-EBITDA of $206 million and $319 million, respectively Q3 Adjusted-EPS diluted of $1.45 Q3 free cash flow of $252 million; the launch and initial sale of an accounts receivable financing facility provided an approximate $94 million benefit to free cash flow Gross debt and net debt of $3,439 million and $3,061 million, respectively, at June 30, 2018... More