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Adient PLC (ADNT.N)

ADNT.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Adient PLC Says Demand Softening In FY 2019 - Deutsche Bank Conf
Wednesday, 16 Jan 2019 

Jan 16 (Reuters) - Adient PLC ::ADIENT PLC SAYS DEMAND SOFTENING IN FY 2019, HOWEVER, NO HARD LANDING EXPECTED - DEUTSCHE BANK CONF.ADIENT PLC SAYS SAYS DEMAND IN NORTH AMERICA RELATIVELY STABLE; RISING INTEREST RATES PRESSURING AFFORDABILITY.ADIENT PLC SAYS BREXIT AND POLITICAL UNCERTAINTY IN FRANCE AND ITALY LIKELY TO WEIGH ON THE INDUSTRY IN EUROPE.ADIENT PLC SAYS, IN CHINA, REDUCTION IN PRODUCTION PLANNED TO CLEAR ELEVATED INVENTORY LEVELS; RECOVERY EXPECTED LATE 2019.ADIENT PLC SAYS TRADE WAR DUTY ON CHINESE PRODUCTS AND GLOBAL STEEL EXPECTED TO HAVE AN ANNUAL IMPACT OF ABOUT $20M IN FY 2019.ADIENT PLC SAYS STEEL ECONOMICS IN NORTH AMERICA EXPECTED TO BE LESS OF A HEADWIND IN FY19 VERSUS FY18, AS THE MARKET HAS PULLED BACK FROM ITS PEAK 2018 LEVELS.ADIENT PLC SAYS WEAKER GLOBAL CURRENCIES VERSUS THE U.S. DOLLAR IS EXPECTED TO PRESSURE RESULTS IN FY 2019.ADIENT PLC SEES ABOUT 10 PERCENT REDUCTION IN AUTO PRODUCTION IN CHINA IN FY 2019.ADIENT PLC SEES ABOUT $50 MILLION HEADWIND RELATED TO FOREIGN EXCHANGE IN FY 2019.ADIENT PLC SAYS CO IS NOT PROVIDING FULL YEAR GUIDANCE FOR FY 2019.  Full Article

Adient Announces Preliminary Q1 Fiscal 2019 Results
Wednesday, 16 Jan 2019 

Jan 16 (Reuters) - Adient PLC ::ADIENT ANNOUNCES PRELIMINARY Q1 FISCAL 2019 RESULTS; INITIATES DISCUSSIONS TO STRENGTHEN CAPITAL STRUCTURE.SEES Q1 2019 REVENUE ABOUT $4.158 BILLION.Q1FY19 ADJUSTED EBITDA IS EXPECTED TO BE APPROXIMATELY $175M, VERSUS Q1 ADJUSTED EBITDA OF $267M IN PRIOR YEAR.EXPECTS EARNINGS TO IMPROVE IN SECOND HALF OF FY19 COMPARED WITH FIRST HALF FY19.INITIATING DISCUSSIONS WITH ITS BANK GROUP TO EVALUATE OPTIONS TO REFINANCE ITS EXISTING CREDIT FACILITIES.INITIATING DISCUSSIONS WITH ITS BANK GROUP TO EVALUATE OPTIONS TO REVIEWING VARIOUS PORTFOLIO CHANGES..Q1 REVENUE VIEW $4.15 BILLION -- REFINITIV IBES DATA.  Full Article

Adient Names Douglas Delgrosso CEO
Thursday, 13 Sep 2018 

Sept 13 (Reuters) - Adient PLC ::ADIENT NAMES DOUGLAS G. DELGROSSO PRESIDENT AND CHIEF EXECUTIVE OFFICER.ADIENT PLC - DELGROSSO TO BE PRESIDENT AND CEO OF CO, EFFECTIVE OCTOBER 1, 2018.ADIENT PLC - DELGROSSO SUCCEEDS FRITZ HENDERSON, WHO SERVED AS INTERIM CEO SINCE JUNE.ADIENT - EFFECTIVE OCT 1, 2018, FRITZ HENDERSON WILL BECOME NON-EXECUTIVE CHAIRMAN OF CO'S BOARD.  Full Article

Adient Says Near-Term Results "Significantly Impacted" By Seat Structures & Mechanisms
Wednesday, 17 Jan 2018 

Jan 16 (Reuters) - Adient Plc ::ADIENT PLC - DESPITE MANY SUCCESSES IN FY 2017 NEAR-TERM RESULTS ARE BEING "SIGNIFICANTLY IMPACTED" BY SEAT STRUCTURES & MECHANISMS.ADIENT PLC - "PREVIOUSLY IDENTIFIED HEADWINDS IMPACTING SS&M HAVE INTENSIFIED SINCE ADIENT’S FOURTH QUARTER EARNINGS CALL" - PRESENTATION.ADIENT - MANAGEMENT ACTING WITH URGENCY TO MITIGATE HEADWINDS; ACTIONS TAKEN TO-DATE INCLUDE CHANGES IN PERSONNEL, OVERSIGHT FOR SS&M BUSINESS.ADIENT - FIRST QUARTER FISCAL 2018 RESULTS ARE EXPECTED TO BE SIGNIFICANTLY IMPACTED BY SS&M.ADIENT - OVERALL MARGINS LIKELY TO TAKE "MODEST STEP BACKWARDS" IN FY 2018.ADIENT - IMPACT OF U.S. TAX REFORM APPEARS TO BE POSITIVE IN THE SHORT-TERM (FY 2018).ADIENT - CERTAIN STRUCTURAL CHANGES NEEDED TO OFFSET NEGATIVE INFLUENCES FROM U.S. TAX REFORM BEGINNING IN FY 2019.  Full Article

Boeing, Adient Launch New Company To Design And Build Airplane Seats
Wednesday, 17 Jan 2018 

Jan 16 (Reuters) - Adient Plc ::BOEING, ADIENT LAUNCH NEW COMPANY TO DESIGN AND BUILD AIRPLANE SEATS.BOEING - CO, ADIENT FORMED ADIENT AEROSPACE, JV THAT WILL DEVELOP, MANUFACTURE, SELL SEATING PRODUCTS TO AIRLINES & AIRCRAFT LEASING COS.BOEING - ‍ADIENT IS MAJORITY STAKEHOLDER IN NEW CO (50.01 PERCENT SHARE) & EXPECTS JOINT VENTURE TO BE INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS​.BOEING- SEATS TO BE AVAILABLE FOR INSTALLATION ON NEW AIRPLANES, AS RETROFIT CONFIGURATIONS FOR AIRCRAFT BY CO,OTHER COMMERCIAL AIRPLANE MANUFACTURERS.BOEING - ADIENT AEROSPACE'S OPERATIONAL HEADQUARTERS, TECHNOLOGY CENTER AND INITIAL PRODUCTION PLANT WILL BE LOCATED IN KAISERSLAUTERN.BOEING - JOINT VENTURE'S INITIAL CUSTOMER SERVICE CENTER WILL BE BASED IN SEATTLE, WASHINGTON.BOEING - ADIENT AEROSPACE AFTERMARKET SPARE PARTS DISTRIBUTION WILL BE PERFORMED THROUGH AVIALL, A UNIT OF BOEING.BOEING - CO, ADIENT PLC WILL HAVE REPRESENTATION ON ADIENT AEROSPACE'S BOARD OF DIRECTORS.  Full Article

Adient Q4 gaap earnings per share $3.67
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Adient Plc ::Adient's Q4 results solidify a strong FY17; positive momentum reflected in FY18 guidance.Q4 gaap earnings per share $3.67.Q4 earnings per share view $2.24 -- Thomson Reuters I/B/E/S.Adient PLC - qtrly ‍adjusted-EPS $2.34​.Adient PLC - ‍consistent with Adient's mid-term plan, increased revenue, earnings and cash flow are expected in FY18​.Adient PLC qtrly net sales $3,979 million versus $3,932 mln‍​.Adient PLC sees FY 2018 revenue, excluding impact of aircraft seating business, of $17.0 billion to $17.2 bln‍​.Adient PLC sees fy 2018 capital expenditures between $575 million and $600 million, excluding impact of aircraft seating business.Adient PLC sees FY 2018 adjusted net income between $940 million and $980 million, excluding impact of aircraft seating business.Q4 revenue view $3.85 billion -- Thomson Reuters I/B/E/S.  Full Article