Adient (ADNT) tops Q4 EPS by 12c, suspends quarterly cash dividend

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Go back to Adient (ADNT) tops Q4 EPS by 12c, suspends quarterly cash dividend

Adient reports fourth quarter 2018 financial results; suspends quarterly cash dividend

November 9, 2018 7:01 AM EST

PLYMOUTH, Mich., Nov. 9, 2018 /PRNewswire/ -- Adient (NYSE: ADNT), a global leader in automotive seating, today announced fourth quarter earnings.

GAAP results impacted by one-time, non-cash charges Q4 GAAP net loss and EPS diluted of $(1,355) million and $(14.51), respectively; Q4 Adjusted-EPS diluted of $1.30 Q4 Adjusted-EBIT and Adjusted-EBITDA of $149 million and $251 million, respectively Q4 free cash flow of $307 million; the expansion of an accounts receivable financing facility initiated in Q3 provided an approximate $48 million benefit to free cash flow Gross debt and net debt of $3,430 million and... More