January 16, 2018 / 10:10 PM / a month ago

BRIEF-Adient Says Near-Term Results "Significantly Impacted" By Seat Structures & Mechanisms

Jan 16 (Reuters) - Adient Plc:

* ADIENT PLC - DESPITE MANY SUCCESSES IN FY 2017 NEAR-TERM RESULTS ARE BEING “SIGNIFICANTLY IMPACTED” BY SEAT STRUCTURES & MECHANISMS

* ADIENT PLC - “PREVIOUSLY IDENTIFIED HEADWINDS IMPACTING SS&M HAVE INTENSIFIED SINCE ADIENT’S FOURTH QUARTER EARNINGS CALL” - PRESENTATION

* ADIENT - MANAGEMENT ACTING WITH URGENCY TO MITIGATE HEADWINDS; ACTIONS TAKEN TO-DATE INCLUDE CHANGES IN PERSONNEL, OVERSIGHT FOR SS&M BUSINESS

* ADIENT - FIRST QUARTER FISCAL 2018 RESULTS ARE EXPECTED TO BE SIGNIFICANTLY IMPACTED BY SS&M

* ADIENT - OVERALL MARGINS LIKELY TO TAKE “MODEST STEP BACKWARDS” IN FY 2018

* ADIENT - IMPACT OF U.S. TAX REFORM APPEARS TO BE POSITIVE IN THE SHORT-TERM (FY 2018)

* ADIENT - CERTAIN STRUCTURAL CHANGES NEEDED TO OFFSET NEGATIVE INFLUENCES FROM U.S. TAX REFORM BEGINNING IN FY 2019 Source text - bit.ly/2DoZM1g Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below