Adient (ADNT) Reports In-Line Q1 EPS; Raises FY23 Revenue Guidance
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Adient reports improved first quarter 2023 financial results; reaffirms FY2023 outlook
February 7, 2023 6:50 AM ESTPLYMOUTH, Mich., Feb. 7, 2023 /PRNewswire/ -- Adient (NYSE: ADNT), a global leader in automotive seating, today announced its first quarter 2023 financial results.
Q1 GAAP net income and EPS diluted of $12M and $0.13, respectively; Q1 Adj.-EPS diluted of $0.34Q1 Adj.-EBITDA of $212M, up $66M y-o-yStrong quarter-end cash and total liquidity of $901M and $1.9B, respectively, at December 31, 2022Commitment and progress toward building a sustainable future laid out in Adient's recently published 2022 Sustainability... More