Adient reports improved first quarter 2023 financial results; reaffirms FY2023 outlook

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Go back to Adient reports improved first quarter 2023 financial results; reaffirms FY2023 outlook

Adient (ADNT) Reports In-Line Q1 EPS; Raises FY23 Revenue Guidance

February 7, 2023 6:59 AM EST

Adient (NYSE: ADNT) reported Q1 EPS of $0.34, in-line with the analyst estimate of $0.34. Revenue for the quarter came in at $3.7 billion versus the consensus estimate of $3.62 billion.

GUIDANCE:

Adient sees FY2023 revenue of ~$15 billion, versus the consensus of $14.8 billion and ~$14.7... More