Adient has recorded fourth-quarter adjusted net income up 8% to US$219m, with adjusted EBIT of US$296m.
“Adient’s strong performance in FY2017 demonstrates the company’s strengthening market position and commitment to delivering earnings growth, margin expansion and cash generation,” said Adient chairman and CEO, Bruce McDonald.
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“We enter FY2018 from a position of strength and are confident in our ability to build on our success.”
The supplier completed the acquisition of seating supplier Futuris Group during the fourth quarter.
The acquisition is expected to accelerate revenue and earnings growth and add value for shareholders.
Adient has 86,000 employees operating in 237 manufacturing/assembly plants in 33 countries worldwide, producing and delivering automotive seating for all vehicle classes and all major OEMs.
From complete seating systems to individual components, Adient takes its products from research and design to engineering and manufacturing into more than 50m vehicles every year.
