$19.060
+0.233 (+1.22%)Al cierre
Noticias de ADNT
Eventos de ADNT
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.
Major Averages Close Mixed as Bank of America and Morgan Stanley Beat Q1 Earnings
The major averages closed mixed as traders remain optimistic about a possible end to the U.S.-Iran war, particularly amid renewed signals that a new round of talks could resume within days as well as tentative reports of a ceasefire extension. This has kept oil capped below the recent highs and prevented another spike in inflation expectations, even though the broader conflict remains unresolved.Meanwhile, investors are weighing corporate earnings, with major lenders Bank of America and Morgan Stanley leading the way with Q1 beats.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Bank of Americaprovided areport for Q1Morgan Stanleyreported, with the company saying it is entering 2026 from a position of strengthBroadcomand Metaannounced an expanded partnership overBRPfollowing the recent amendment of Section 232 tariffs on steel, aluminum and copper imports into the U.S.ASMLreported ain Q1 earnings and revenue2. WALL STREET CALLS:Cloudflareto Overweight at Piper SandlerSolarEdgeto Sell at Goldman Sachs on challenging valuationCitiAdientto Buy, opened "90-day upside catalyst watch"Shift4 Paymentsto Peer Perform at Wolfe ResearchDA DavidsonSymboticto Buy on "unparalleled" AI tech moat3. AROUND THE WEB:A jury has found that Live Nationmonopolized the ticketing market, Bloomberg reportsSazerac offered to acquire Brown-Formanfor $32 per share, WSJ reportsAMD, Arm, and Qualcommare investing $60M in Wayve as an extension of its $1.2B Series D round, TechCrunch reportsStellantismulls carmaking deal with Dongfengin Europe, China, Bloomberg saysAnthropic has fielded multiple offers from VCs valuing the company at as much as $800B in recent weeks, Business Insider says4. MOVERS:Oklowas higher after announcingWebullgained after theto remove day-trading limit for investorsTempus AIincreased after announcing an expansion of itsTeraWulfwas lower afterDauchfell after TD Cowenits price target to $7 from $85. EARNINGS/GUIDANCE:Orionbacked itsM&T Bank, with Daryl Bible, M&T's CFO commenting, "M&T continued to produce strong operating results and return capital to its shareholders in the recent quarter"NOV Inc.and earnings guidance below prior guidanceSnapprovidedGloo, backed its guidance for Q1, and raised its outlook for FY26INDEXES:The Dow fell 72.27, or 0.15%, to 48,463.72, the Nasdaq gained 376.93, or 1.59%, to 24,016.02, and the S&P 500 advanced 55.57, or 0.80%, to 7,022.95.
Dow Jones Falls, S&P 500 and Nasdaq Rise
The major averages were mixed near noon, with the Dow Jones Industrial Average in the red and the S&P 500 and Nasdaq trading higher. Traders remain optimistic about a possible end to the U.S.-Iran war, particularly amid renewed signals that a new round of talks could resume within days as well as tentative reports of a ceasefire extension. This has kept oil capped below the recent highs and prevented another spike in inflation expectations, even though the broader conflict remains unresolved.Meanwhile, investors are weighing a new slate of corporate earnings, with major lenders Bank of America and Morgan Stanley leading the way with Q1 beats.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Bank of Americaprovided areport for Q1Morgan Stanleyreported, with the company saying it is entering 2026 from a position of strengthBroadcomand Metaannounced an expanded partnership overBRPfollowing the recent amendment of Section 232 tariffs on steel, aluminum and copper imports into the U.S.ASMLreported a year-over-year increase in2. WALL STREET CALLS:Cloudflareto Overweight at Piper SandlerSolarEdgeto Sell at Goldman Sachs on challenging valuationCitiAdientto Buy, opened "90-day upside catalyst watch"Shift4 Paymentsto Peer Perform at Wolfe ResearchDA DavidsonSymboticto Buy on "unparalleled" AI tech moat3. AROUND THE WEB:AMD, Arm, and Qualcommare investing $60M in Wayve as an extension of its $1.2B Series D round, TechCrunch reportsVolkswagenis preparing for even tougher competition in China, where the car market could shrink for the first time in a decade, Reuters reportsStellantismulls carmaking deal with Dongfengin Europe, China, Bloomberg saysUberCTO Praveen Neppalli Naga says the company's surging use of AI coding tools has maxed out its full-year AI budget just a few months into 2026, The Information reportsAnthropic has fielded multiple offers from VCs valuing the company at as much as $800B in recent weeks, Business Insider says4. MOVERS:Oklohigher afterto its board of directorsWebullgains after theto remove day-trading limit for investorsTempus AIincreases afterof its GenoPredicta with Predicta BiosciencesTeraWulflower after announcing aDauchfalls after TD Cowento $7 from $85. EARNINGS/GUIDANCE:Orionfor FY26 and FY27M&T Bank, with Daryl Bible, M&T's CFO commenting, "M&T continued to produce strong operating results and return capital to its shareholders in the recent quarter"NOV Inc.and earnings guidance below prior guidanceSnapGloo, backed its guidance for Q1, and raised its outlook for FY26INDEXES:Near midday, the Dow was down 0.40%, or 192.72, to 48,343.27, the Nasdaq was up 1.06%, or 250.76, to 23,889.84, and the S&P 500 was up 0.45%, or 31.46, to 6,998.84.
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