$17.940
-0.237 (-1.32%)Al cierre
Noticias de ADNT
Eventos de ADNT
Adient Personnel Change: Peter Carlin to Become CFO
Adient announced that on Oct. 1, Peter Carlin will be stepping down from Adient's board of directors and joining the company initially as vice president, finance. He will then be appointed EVP and CFO of Adient, effective Nov. 16. Carlin's appointment follows Mark Oswald's departure from Adient as its EVP and CFO, also effective Nov. 16. Adient's board has taken action to reduce the size of the board to seven directors, effective as of Carlin's resignation on Oct. 1.
Company Raises FY26 Adjusted EBITDA Outlook to $885M
Raises FY26 adjusted EBITDA view to $885M from $880M. Raises FY26 free cash flow view to $130M from $125M. Backs FY26 capital expenditures view $300M. The company said, ""Our strong first-half execution and ability to perform through external headwinds underpin our decision to raise full-year guidance. We continue to maintain a strong balance sheet and ample liquidity, giving us flexibility as we prioritize operational excellence, regional growth and margin expansion."
Company Reports Q2 Revenue of $3.87B
Reports Q2 revenue $3.87B, consensus $3.63B. The company said, "In Q2, we delivered solid results and continued to execute with discipline in a dynamic operating environment. Our teams remained focused on what we control-supporting our customers, continuing operational excellence and driving growth."
Adient Acquires Foam Production Plant in Romulus, MI
Adient announced that it has expanded its operational footprint by acquiring a foam production plant in Romulus, MI. The plant, which produces foam for seats for multiple automaker customers, joins Adient's network of 10 foam plants in the Americas region. Globally, the company has 30 foam manufacturing plants. Adient purchased the plant from automotive supplier Woodbridge. The agreement included the purchase of the existing building and land, production equipment, inventory and associated assets. Employees currently working at the plant will become Adient employees. The collective bargaining agreement with the UAW will remain in place.
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