Adient sees Q1 revenue $3.7B, consensus $3.72B

Sees Q1 adjusted EBITDA $215M vs. $212M last year. “Building on the momentum established in 2023, Adient’s preliminary Q1 results demonstrate we are off to a solid start in FY24 despite the UAW strike-related production stoppages at certain of our customers in the Americas,” said Jerome Dorlack, CEO. “We continue to expect improved earnings and margin in FY24 vs. FY23.”