Seating supplier Adient announced Q4 net income and EPS of US$960m and $10.02, respectively thansk to one-time gains “from the strategic China transaction”).
Adjusted EBITDA was $118m, down $169m year on year due to lower global vehicle production and related “temporary operating inefficiencies”.
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“Adient’s FY22 earnings and cash flow are expected to be pressured by persistent macro headwinds impacting the industry,” it said.
Sales fell from $3,597m in Q4 2020 to $2,771m.
