Adient Reports ‘Solid’ 3rd Quarter, Full Year 2017 Results

Adient Reports ‘Solid’ 3rd Quarter, Full Year 2017 Results

Adient’s Adjusted EBIT expanded to $336 million, a margin of 8.4 percent.

Adient, a global leader in automotive seating, has reported “solid” third quarter earnings.

The company reported that GAAP net income and EPS diluted increased to $204 million and $2.17, respectively. Adjusted EPS diluted is up 4 percent to $2.52.

Adient’s Adjusted EBIT expanded to $336 million, a margin of 8.4 percent.

The company repurchased approximately 0.6 million shares of common stock for approximately $40 million, and paid $26 million in quarterly dividends.

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