Cuts FY24 adjusted EBITDA view to $870M from $900M-$920M. Sees FY24 capital expenditures $285M. The company said, “FY24 guidance updated to reflect Adient’s YTD results through June 30, 2024 and current market conditions, including significantly reduced vehicle production schedules compared to prior forecasts.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADNT: