Adient Reports 3rd Quarter 2019 Financial Results

Adient Reports 3rd Quarter 2019 Financial Results

Adient reported third quarter Adjusted-EBIT and Adjusted-EBITDA of $129 million and $205 million, respectively.

Adient, a global leader in automotive seating, has announced third quarter earnings.

The company reported third quarter GAAP net loss and EPS diluted of $(321) million and $(3.43), respectively. Third quarter Adjusted-EPS diluted was 38 cents.

Adient reported third quarter Adjusted-EBIT and Adjusted-EBITDA of $129 million and $205 million, respectively.

Free cash flow in the third quarter was $168 million. In the third quarter, the company had gross debt and net debt of $3,777 million and $2,752 million, respectively, as of June 30, 2019.

Adient had cash and cash equivalents of $1,025 million at quarter’s end.

 

 

 

You May Also Like

DENSO Announces Year-End Financial Results

Consolidated revenue totaled 7,144.7 billion yen (US$47.2 billion), a 11.6 percent increase from the previous year.

DENSO Announces Year-End Financial Results

Mobility supplier DENSO announced global financial results for its 2024 fiscal year, ending March 31, 2024.

Highlights of the financial results are as follows, according to DENSO:

Consolidated revenue totaled 7,144.7 billion yen (US$47.2 billion), a 11.6 percent increase from the previous year.

Consolidated operating profit totaled 380.6 billion yen (US$2.5billion), a 10.7 percent decrease from the previous year.

Anchor Adds More BMW, MINI Coverage

The new products cover more than 1,994,760 applications and model years 2016-2024.

PHINIA Reports Q1 2024 Results

U.S. GAAP net sales were $863 million, an increase of 3.4% compared with Q1 2023, according to PHINIA.

Bendix Making Changes at Indiana Manufacturing Operation

Bendix said it is transforming its distribution center into a state-of-the-art facility and consolidating dampers manufacturing into a single, larger space.

Doleco Announces Facility Expansion in Charlotte

The 33,000-square-foot facility is strategically positioned near major transportation hubs, providing optimal access to raw materials and speeding shipment of finished goods to all U.S. markets.

Other Posts

Allison Transmission Announces Q1 2024 Results

The company reported record net sales of $789 million.

Allison Transmission Announces Q1 2024 Results
Standard Motor Products Introduces 268 New Numbers

The release provides new coverage in 75 product categories and 80 part numbers for 2023 and 2024 model-year vehicles, SMP said.

MAHLE Releases 2023 Sustainability Report

MAHLE noted it made significant progress in reducing its CO2 emissions, and increasing the use of renewable electricity.

MAHLE Releases 2023 Sustainability Report
Transtar Industries Continues Rapid Product Line Expansion 

The company is now offering OE recycled engines, in addition to its expansive line of OE recycled transmissions and transfer cases.