Tier 1 seating and interiors specialist Adient said it expected full year 2018 revenue of around US$17.4bn, in line with early guidance of approximately $17.5bn.

Estimated adjusted-EBITDA of $1.2bn was slightly down on guidance of $1.25bn.

"While sales and free cash flow were delivered in-line with our commitments, challenges within our seat structures and mechanisms (SS&M) segment, and to a lesser extent, within our interiors segment (YFAI), were the primary factors behind our earnings shortfall," said chairman Fritz Henderson.

"The management team, led by Doug DelGrosso, the company's newly appointed president and CEO, is working with urgency to execute our transformation plan focused on better operational execution to drive meaningful improvements in profitability and free cash flow".    

The supplier also expects Q4 2018 results to be impacted by one-time, non-cash charges associated with asset impairments (within the SS&M and Interiors segments) and booking of tax allowances.