Consensus $15.47B. Cuts FY24 adjusted EBITDA view to $900M-$920M from $985M. The company said, “FY2024 guidance updated to reflect Adient’s YTD results through March 31, 2024 and current market conditions (including revised expectations for production, reflecting slower launch ramps, adverse customer mix and softer electric vehicle production). Adient continues to expect to generate strong free cash flow, underpinning its commitment to enhancing shareholder value.”
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