Seating supplier Adient has announced unaudited preliminary financial results for the quarter ended 31 December, 2023.
Revenue was expected to be approximately US$3.7bn, or about flat versus Q1 FY23.
Q1FY24 adjusted EBITDA was expected to be approximately $215M, versus $212M a year ago.
Additional details will be provided on 7 February.
“Building on the momentum established in 2023, Adient’s preliminary Q1 results demonstrate we are off to a solid start in FY24 despite the UAW strike-related production stoppages at certain of our customers in the Americas,” said Jerome Dorlack, president and chief executive officer.
“We continue to expect improved earnings and margin in FY24 vs. FY23.”
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