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ADNT — Adient News Story

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Automotive seating company Adient's Q3 adjusted EBITDA beats estimates, hikes FY guidance

Overview

Adient Q3 adjusted EPS of $0.45 missed analyst expectations, per LSEG data

Adjusted EBITDA of $226 mln beat estimates, improving margins to 6.0%

Co repurchased $50 mln shares, reducing outstanding shares by 2.8 mln

Outlook

Adient raises FY25 revenue guidance to ~$14.4 bln

Company expects FY25 adj-EBITDA to reach ~$875 mln

Result Drivers

EBITDA MARGIN IMPROVEMENT - Co reports adjusted EBITDA margins improved from 5.4% to 6.0% y-o-y

SHARE REPURCHASE - Adient repurchased $50 mln of shares, reducing shares outstanding by 2.8 mln

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Adjusted EPSMiss$0.45$0.47 (10 Analysts)
Q3 Adjusted EBITDABeat$226 mln$208.90 mln (8 Analysts)
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 9 "hold" and 2 "sell" or "strong sell" The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy." Wall Street's median 12-month price target for Adient PLC is $20.00, about 10.5% below its August 5 closing price of $22.11 The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 7 three months ago Press Release: ID:nPn4v75kHa (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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