Adient reports positive results in strong Q1 : comparemela.c

Adient reports positive results in strong Q1


Adient reports positive results in strong Q1
Sales of $3.85 billion
Adient
Plymouth-based Adient plc reported improved earnings in its first fiscal quarter, thanks to automotive recovery throughout the second half of last year.
Adient, the automotive seating supplier in the midst of a multiyear turnaround plan, swung to a net profit during its first fiscal quarter as higher margins overcame a drop in revenue.
The company on Friday said it posted net income of $150 million during the quarter ending Dec. 31, compared with a net loss of $167 million during the same quarter a year ago. The previous year's results included a one-time $216 million charge for impaired assets. Revenue during the quarter fell 2.2 percent to $3.8 billion.

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Adient Reports Positive Results In Strong Q1 : Comparemela.com

Adient reports positive results in strong Q1

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Adient reports positive results in strong Q1
Sales of $3.85 billion
Adient
Plymouth-based Adient plc reported improved earnings in its first fiscal quarter, thanks to automotive recovery throughout the second half of last year.
Adient, the automotive seating supplier in the midst of a multiyear turnaround plan, swung to a net profit during its first fiscal quarter as higher margins overcame a drop in revenue.
The company on Friday said it posted net income of $150 million during the quarter ending Dec. 31, compared with a net loss of $167 million during the same quarter a year ago. The previous year's results included a one-time $216 million charge for impaired assets. Revenue during the quarter fell 2.2 percent to $3.8 billion.

Related Keywords

United States , Michigan , America , , Magna International Of America Inc , Lear Corp , Plymouth Based Adient , Del Grosso , Southeast Michigan , Magna International , ஒன்றுபட்டது மாநிலங்களில் , மிச்சிகன் , அமெரிக்கா , மாக்னா சர்வதேச ஆஃப் அமெரிக்கா இன்க் , லியர் கார்ப் , டெல் மொத்த , தென்கிழக்கு மிச்சிகன் , மாக்னா சர்வதேச ,

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