Adient Q4 sales fall – Just Auto

Seating provider Adient introduced Q4 internet revenue and EPS of US$960m and $ten.02, respectively thansk to just one-time gains “from the strategic China transaction”).

Altered EBITDA was $118m, down $169m 12 months on 12 months thanks to lower world-wide auto generation and relevant “temporary working inefficiencies”.

“Adient’s FY22 earnings and hard cash flow are expected to be pressured by persistent macro headwinds impacting the field,” it explained.

Profits fell from $three,597m in Q4 2020 to $2,771m.