Adient (ADNT) Misses Q1 EPS by 34c, Miss on Revenues

Adient (NYSE: ADNT) reported Q1 EPS of $1.06, $0.34 worse than the analyst estimate of $1.40. Revenue for the quarter came in at $4.2 billion versus the consensus estimate of $4.24 billion.

• Q1 GAAP net income and EPS diluted of $(216) million and $(2.32), respectively; Q1 adjusted-EPS diluted of $1.06
• Q1 Adjusted-EBIT of $163 million (margin of 3.9%)
• Cash and cash equivalents of $390 million at December 31, 2017
• Gross debt and net debt of $3,501 million and $3,111 million, respectively, at December 31, 2017
• FY2018 outlook revised to reflect SS&M headwinds and Q1 performance

For earnings history and earnings-related data on Adient (ADNT) click here.

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