Adient Reiterates FY24 Sales Outlook Of $15.4B-$15.5B Vs. $15.59B Estimate; Forecasts Adj. EBITDA Of $985M In FY24
Portfolio Pulse from Benzinga Newsdesk
Adient has reaffirmed its fiscal year 2024 sales forecast, expecting revenues to be between $15.4 billion and $15.5 billion, slightly below the analyst estimate of $15.59 billion. The company also projects its adjusted EBITDA to reach $985 million in FY24.
February 07, 2024 | 11:59 am
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Adient reiterates its FY24 sales outlook of $15.4B-$15.5B, below the $15.59B estimate, and expects adjusted EBITDA of $985M.
Adient's reaffirmation of its FY24 sales outlook being slightly below analyst expectations could lead to a short-term negative sentiment among investors. The projection of adjusted EBITDA, while providing some clarity on profitability expectations, may not fully mitigate concerns over the slight revenue shortfall.
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