Adient Q4 Earnings Surpass Expectations, Revenues Decline Y/Y
From NASDAQ.: 2024-11-13 10:20:00
Adient (ADNT) reported adjusted EPS of 68 cents for Q4 fiscal 2024, surpassing estimates. Net sales of $3.56 billion beat expectations, despite a 4.5% decrease. Segment-wise, the Americas and EMEA segments saw declines, while the Asia segment showed growth. Adient expects lower revenues and adjusted EBITDA for fiscal 2025. Cash and cash equivalents stood at $945 million. ADNT repurchased shares worth $50 million. Zacks Rank #3 (Hold) stock. Top picks: DORM, TSLA, BYDDY. Find out more about Adient and other top picks at Zacks.com.
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