Edition:
United States

Adient Reports Preliminary Q2 Results


Monday, 15 Apr 2019 06:55am EDT 

April 15 (Reuters) - Adient PLC ::ADIENT ANNOUNCES PRELIMINARY Q2 FISCAL 2019 RESULTS; REALIGNS REPORTABLE SEGMENTS.REVENUE IN Q2FY19 IS EXPECTED TO BE APPROXIMATELY $4.2B VERSUS $4.6B IN Q2FY18..Q2FY19 ADJUSTED EBITDA IS EXPECTED TO BE BETWEEN $185M AND $195M.FREE CASH FLOW (OPERATING CASH FLOW, LESS CAPITAL EXPENDITURES) FOR QUARTER IS EXPECTED TO BE BETWEEN $45M AND $60M.REORGANIZED CERTAIN ELEMENTS OF ITS MANAGEMENT STRUCTURE WHICH RESULTED IN A REALIGNMENT OF ITS REPORTABLE SEGMENTS.EXPECT TO SEE COMPANY'S SECOND HALF FINANCIAL PERFORMANCE OUTPACE ITS FIRST HALF RESULTS.EXPECTS TO RECORD A NON-CASH LONG-LIVED ASSET IMPAIRMENT CHARGE BETWEEN $50M AND $125M DURING Q2FY19..Q2 REVENUE VIEW $4.23 BILLION -- REFINITIV IBES DATA.EXPECT TO SEE COMPANY'S SECOND HALF FINANCIAL PERFORMANCE OUTPACE ITS FIRST HALF RESULTS. 

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