Adient, a global provider of automotive seating, has announced its first quarter 2023 financial results.
The company reported first quarter GAAP net income and EPS diluted of $12 million and $0.13, respectively. First quarter Adjust EPS diluted of $0.34, and first quarter Adjusted EBITDA of $212million, up $66 million year-over-year.
Adient also reported strong quarter-end cash and total liquidity of $901 million and $1.9 billion, respectively, at Dec. 31, 2022.
Sales in 2022 were $22.1 billion, a 17.1% increase from $18.9 billion in 2021.
Genuine Parts Co. (GPC) announced today its results for the fourth quarter and 12 months ended Dec. 31, 2022.
"The GPC team capped off a record-setting year with a strong fourth quarter highlighted by double-digit sales and earnings growth and continued margin expansion. We are incredibly proud of our progress throughout the year and thankful to our teammates across the globe for their ongoing commitment to excellence," said Paul Donahue, chairman and CEO of Genuine Parts Company. "Working together, we have been agile in navigating the dynamics of the macro-economy and continue to deliver market share gains and drive positive momentum in our top and bottom-line results."
Fiscal 2022 revenue increased 39 percent, powered by 14 percent same-store sales growth and 9 percent net store growth.
SMP also announced a new operating segment, “Engineered Solutions,” along with the intent to rename its Engine Management segment to “Vehicle Control.”
Sales of $10.2 billion in 2022 represented an increase of $1.2 billion or 14 percent over last year.
AAM’s sales for full year 2022 were $5.8 billion as compared to $5.16 billion for full year 2021.
The company reports record full-year net sales of $2,769 million, up 15% from 2021.
The company said it won $6 billion of new business in 2022, leveraging its strong, diversified product portfolio that addresses key industry trends.
Sales for the fourth quarter increased $353 million, or 11%, to $3.64 billion from $3.29 billion for the same period one year ago.
The company says it expects 2023 electric vehicle sales of $1.5 billion to $1.8 billion.
