Adient Lowers FY24 Sales Outlook To $14.8B-$14.9B From $15.4B-$15.5B (Estimate: $15.47B), Sees Adjusted EBITDA Between $900M-$920M From $985M
Portfolio Pulse from Benzinga Newsdesk
Adient has revised its FY24 sales forecast downwards to $14.8B-$14.9B from the previous range of $15.4B-$15.5B, below the estimated $15.47B. The company also adjusted its EBITDA expectations to $900M-$920M from $985M.
May 03, 2024 | 10:59 am
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NEGATIVE IMPACT
Adient has lowered its FY24 sales and EBITDA forecasts, indicating potential challenges ahead.
Adient's downward revision of its FY24 sales and EBITDA forecasts suggests the company may face operational or market challenges, likely leading to negative investor sentiment and potential short-term stock price decline.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100