Adient, global automotive seating manufacturer, has announced first quarter earnings.
The company reported first quarter GAAP net loss and EPS diluted of $(17) million and $(18 cents), respectively. Adient reported diluted Adjusted-EPS of 31 cents, as well as first quarter Adjusted-EBIT and Adjusted-EBITDA of $105 million and $176 million, respectively.
For the first quarter, Adient’s gross debt and net debt totaled $3,409 million and $3,003 million, respectively, as of Dec. 31, 2018.
The product lineup was created to service and maintain both R-134a and R-1234yf automotive A/C systems, according to B’laster Holdings.
B'laster Holdings announced the B'laster brand will be expanding into the refrigerants category with a lineup of products created to service and maintain both R-134a and R-1234yf automotive A/C systems.
The B'laster A/C line is now available in retailers across the U.S., the company said.
Consolidated revenue totaled 7,144.7 billion yen (US$47.2 billion), a 11.6 percent increase from the previous year.
The company reported record net sales of $789 million.
Sales were $5.8B, a 0.3% increase compared to the same period of the prior year.
The company attributes the growth to strategic initiatives and its LiftKits4Less.com platform, which was reactivated five months ago.
Seventy new parts have been added to the INA, LuK and Schaeffler Bearings portfolios in the first quarter of 2024.
The new products cover more than 1,994,760 applications and model years 2016-2024.
U.S. GAAP net sales were $863 million, an increase of 3.4% compared with Q1 2023, according to PHINIA.
Bendix said it is transforming its distribution center into a state-of-the-art facility and consolidating dampers manufacturing into a single, larger space.
