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Adient (ADNT) Benefits From Stabilization of SS&M Segment
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We issued an updated research report on Adient plc (ADNT - Free Report) on Aug 14.
Dublin, Ireland-based Adient plc is a leading global automotive seating supplier. It designs, manufactures, and markets a full range of seating systems and components for passenger cars, commercial vehicles and light trucks — including vans, pick-up trucks and sport/crossover utility vehicles. The company operates around 238 wholly- and majority-owned manufacturing or assembly facilities, with operations in 34 countries. Additionally, Adient has partially-owned affiliates in China, Asia, Europe and North America.
The company is continuing with its efforts to stabilize the Seating, Seat Structures and Mechanisms (“SS&M”) segment. In third-quarter fiscal 2018, the SS&M segment reported revenues of $783 million, up from $713 million in the prior-year quarter. In fact, the performance of this segment also improved sequentially for the second consecutive quarter. This trend is likely to continue in fourth-quarter fiscal 2018 and 2019.
In third-quarter fiscal 2018, though Adient’s earnings missed the Zacks Consensus Estimate, revenues beat the same. Revenues also improved year over year. Gains generated from Futuris acquisition, China JV consolidation and favorable foreign exchange aided revenue growth.
However, high inventory level — arising out of instability with customer release schedules — is a concern for the company. Rising input prices are also adding to its woes.
Adient belongs to the Automotive – Original Equipment industry. Some other important companies hailing from the same industry are Allison Transmission Holdings, Inc. (ALSN - Free Report) , Commercial Vehicle Group, Inc. (CVGI - Free Report) and Meritor, Inc. .
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Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
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Adient (ADNT) Benefits From Stabilization of SS&M Segment
We issued an updated research report on Adient plc (ADNT - Free Report) on Aug 14.
Dublin, Ireland-based Adient plc is a leading global automotive seating supplier. It designs, manufactures, and markets a full range of seating systems and components for passenger cars, commercial vehicles and light trucks — including vans, pick-up trucks and sport/crossover utility vehicles. The company operates around 238 wholly- and majority-owned manufacturing or assembly facilities, with operations in 34 countries. Additionally, Adient has partially-owned affiliates in China, Asia, Europe and North America.
The company is continuing with its efforts to stabilize the Seating, Seat Structures and Mechanisms (“SS&M”) segment. In third-quarter fiscal 2018, the SS&M segment reported revenues of $783 million, up from $713 million in the prior-year quarter. In fact, the performance of this segment also improved sequentially for the second consecutive quarter. This trend is likely to continue in fourth-quarter fiscal 2018 and 2019.
In third-quarter fiscal 2018, though Adient’s earnings missed the Zacks Consensus Estimate, revenues beat the same. Revenues also improved year over year. Gains generated from Futuris acquisition, China JV consolidation and favorable foreign exchange aided revenue growth.
However, high inventory level — arising out of instability with customer release schedules — is a concern for the company. Rising input prices are also adding to its woes.
Adient belongs to the Automotive – Original Equipment industry. Some other important companies hailing from the same industry are Allison Transmission Holdings, Inc. (ALSN - Free Report) , Commercial Vehicle Group, Inc. (CVGI - Free Report) and Meritor, Inc. .
Looking for Stocks With Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>