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Adient PLC

ADNT.N

Latest Trade

16.90USD

Change

-0.39(-2.26%)

Volume

199,133

Today's Range

16.63

 - 

17.46

52 Week Range

5.91

 - 

29.24

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Adient Modifies Previously Announced Agreement With Joint Venture Partner Yanfeng

June 24 (Reuters) - Adient PLC <ADNT.N>::ADIENT MODIFIES PREVIOUSLY ANNOUNCED AGREEMENT WITH JOINT VENTURE PARTNER YANFENG TO RESTRUCTURE EXISTING JOINT VENTURE RELATIONSHIPS; TRANSACTIONS STILL EXPECTED TO CLOSE IN ADIENT'S FOURTH QUARTER.ADIENT PLC - PURCHASE PRICE FOR SALE BY ADIENT OF ITS 30 PERCENT OWNERSHIP STAKE IN YFAI WILL BE REDUCED TO US$ 369 MILLION.

Revenue Group Appoints Mark A. Skonieczny Jr. Chief Financial Officer As Dean Nolden Departs

June 15 (Reuters) - REV Group Inc <REVG.N>::REVENUE GROUP APPOINTS MARK A. SKONIECZNY JR. CHIEF FINANCIAL OFFICER AS DEAN NOLDEN DEPARTS.REVENUE GROUP INC - MARK A. SKONIECZNY WAS MOST RECENTLY VICE PRESIDENT AND CORPORATE CONTROLLER OF ADIENT PLC.REVENUE GROUP INC - DEAN NOLDEN IS STEPPING DOWN AS CFO.

Adient Posts Q2 Loss Per Share Of $0.20

May 5 (Reuters) - Adient PLC <ADNT.N>::ADIENT REPORTS SECOND QUARTER 2020 FINANCIAL RESULTS.Q2 GAAP LOSS PER SHARE $0.20.Q2 EARNINGS PER SHARE ESTIMATE $0.00 -- REFINITIV IBES DATA.ALL OF ADIENT'S CHINA OPERATIONS HAVE REOPENED.CASH AND CASH EQUIVALENTS OF $1,640 MILLION AT MARCH 31, 2020.ADIENT - IMPLEMENTED CASH CONSERVATION ACTIONS TO REDUCE MONTHLY CASH BURN FROM $300M TO $175M.SUBSEQUENT TO MARCH 31, 2020, ISSUED $600M OF SENIOR SECURED NOTES DUE 2025.QTRLY REVENUE OF $3.51 BILLION, DOWN 17%.

Adient PLC Says All 79 Plants In China Are Operating And All Customer Plants In China Have Re-Opened

April 20 (Reuters) - Adient PLC <ADNT.N>::ADIENT PLC - CURRENTLY, ALL 79 PLANTS IN CHINA ARE OPERATING AND ALL CUSTOMER PLANTS IN CHINA HAVE RE-OPENED.ADIENT PLC - SPECIFICALLY, ALL PLANTS IN WUHAN AND HUBEI HAVE REOPENED, AND SGM WULING FACILITY IS BUILDING 2,000 VEHICLES PER DAY.ADIENT PLC - IN LATE MARCH 2020, EXPERIENCED SHUTDOWN OF EFFECTIVELY ALL FACILITIES IN AMERICAS & EUROPEAN REGIONS.ADIENT PLC - HAVE ALSO EXPERIENCED SHUTDOWN OF ABOUT 50% PLANTS IN ASIA (OUTSIDE CHINA) DURING LATE MARCH AND EARLY APRIL.ADIENT PLC - ACTIONS TO REDUCE & DEFER COMPENSATION INCLUDED 20% SALARY REDUCTIONS IN U.S. BEGINNING ON MARCH 23, 2020 AND RUNNING UNTIL JUNE 30, 2020.ADIENT PLC - ACTIONS TO REDUCE & DEFER COMPENSATION INCLUDED SALARY REDUCTIONS OF UP TO 20% FOR CERTAIN EMPLOYEES IN MANY COUNTRIES OUTSIDE OF U.S..ADIENT PLC - ACTIONS TO REDUCE AND DEFER COMPENSATION INCLUDED CEO SALARY REDUCTION AND DEFERRAL UNTIL JULY 15, 2020, AND A 20% BOARD FEE REDUCTION.ADIENT PLC - EXPECTED TO CLOSE ON SALE OF YANFENG GLOBAL AUTOMOTIVE INTERIOR SYSTEMS CO., LTD. JOINT VENTURE INVESTMENT BY END OF FY2020.ADIENT PLC - CLOSE ON SALE OF YFAI JOINT VENTURE INVESTMENT EXPECTED TO PROVIDE ADDITIONAL LIQUIDITY OF ABOUT $399 MILLION.ADIENT PLC - HAS BEGUN DEFERRING EMPLOYER PORTION OF FICA UNTIL FY21 OR BEYOND AND DEFERRING VAT PAYMENTS.ADIENT PLC - CO'S CHINESE JOINT VENTURES CONTINUE TO HAVE STRONG BALANCE SHEETS, WITH A $1.6 BILLION NET CASH POSITION AS OF MARCH 31, 2020.

Adient Announces Intention To Offer $500 Mln Of Senior Secured Notes

April 20 (Reuters) - Adient PLC <ADNT.N>::ADIENT ANNOUNCES INTENTION TO OFFER $500 MILLION OF SENIOR SECURED NOTES.ADIENT PLC - TO OFFER $500 MILLION OF SENIOR SECURED NOTES DUE 2025 IN A PRIVATE OFFERING..

Adient Says Revenue In Q2FY20 Is Expected To Be About $3.5 bln Versus $4.2 bln In Q2FY19

April 20 (Reuters) - Adient PLC <ADNT.N>::ADIENT ANNOUNCES PRELIMINARY Q2 FISCAL 2020 RESULTS; EXPLORING FUNDING OPTIONS TO FURTHER STRENGTHEN THE BALANCE SHEET.REVENUE IN Q2FY20 IS EXPECTED TO BE ABOUT $3.5B VERSUS $4.2B IN Q2FY19.Q2FY20 ADJUSTED EBITDA EXPECTED TO BE BETWEEN $200M AND $210M (INCLUDING ABOUT $100M IMPACT FROM COVID-19), VERSUS $191M IN PRIOR-YEAR QUARTER.FREE CASH FLOW FOR QUARTER IS EXPECTED TO BE BETWEEN NEGATIVE $140 MILLION AND NEGATIVE $160 MILLION, VERSUS $60 MILLION IN PRIOR-YEAR QUARTER.IS ASSESSING ADDITIONAL FUNDING OPTIONS TO FURTHER STRENGTHEN ITS BALANCE SHEET.ESTIMATES CASH BURN RATE WILL AVERAGE ABOUT $175 MILLION PER MONTH.TAKING ACTIONS TO RESIZE COST STRUCTURE TO ADDRESS POST-CRISIS SALES ENVIRONMENT, WHICH CO EXPECTS WILL BE SMALLER THAN BEFORE PANDEMIC.Q2 REVENUE VIEW $3.85 BILLION -- REFINITIV IBES DATA.

Adient Suspends Fy2020 Outlook Due To Covid-19 Uncertainty

March 20 (Reuters) - Adient PLC <ADNT.N>::ADIENT SUSPENDS FY2020 OUTLOOK DUE TO COVID-19 UNCERTAINTY.ADIENT PLC - SUSPENDING ITS FY2020 OUTLOOK DUE TO UNPRECEDENTED GLOBAL ECONOMIC UNCERTAINTY CAUSED BY COVID-19 PANDEMIC.ADIENT PLC - WILL PROVIDE A BUSINESS UPDATE ON ITS Q2 EARNINGS CALL, SCHEDULED FOR MAY 1, 2020.

Adient Enters Into Agreement To Sell Its Fabrics Business For $175 Mln

March 5 (Reuters) - Adient Plc <ADNT.N>::PRESS RELEASE - ADIENT ENTERS INTO AGREEMENT TO SELL ITS FABRICS BUSINESS.AGREEMENT TO SELL ITS AUTOMOTIVE FABRICS MANUFACTURING BUSINESS, INCLUDING ITS LAMINATION BUSINESS, TO SAGE AUTOMOTIVE INTERIORS FOR $175M.PENDING SALE INCLUDES 11 FACILITIES GLOBALLY, WITH MAJORITY LOCATED IN EUROPE, WITH APPROXIMATELY 1,300 EMPLOYEES.

Huayu's Unit Plans To Buy 30% Stake In Automotive Interior Systems Firm For $379 Mln

Feb 2 (Reuters) - Huayu Automotive Systems Co Ltd <600741.SS>::SAYS UNIT SIGNS AGREEMENT TO BUY 30% STAKE IN AUTOMOTIVE INTERIOR SYSTEMS FIRM FROM ADIENT PLC'S HONG KONG UNIT FOR $379 MILLION.

Adient Reports Q1 GAAP Loss Per Share $1.78

Jan 31 (Reuters) - Adient PLC <ADNT.N>::ADIENT REPORTS SOLID FIRST QUARTER 2020 FINANCIAL RESULTS.Q1 GAAP LOSS PER SHARE $1.78.Q1 EARNINGS PER SHARE ESTIMATE $0.34 -- REFINITIV IBES DATA.Q1 ADJUSTED.-EPS DILUTED OF $0.96.QTRLY REVENUE $3.94 BILLION, DOWN 5% ON A REPORTED BASIS.SEES 2020 ADJUSTED EBITDA OF ABOUT $870 TO $910 MILLION.Q1 REVENUE VIEW $3.82 BILLION -- REFINITIV IBES DATA.SEES 2020 CONSOLIDATED SALES OF $15.6 BILLION TO $15.8 BILLION.SEES 2020 CAPITAL EXPENDITURES BETWEEN $440 MILLION - $460 MILLION.FY2020 REVENUE VIEW $15.73 BILLION -- REFINITIV IBES DATA.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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