Restructuring Costs Pushed Adient to Another Quarterly Loss
Auto-seat supplier Adient (NYSE: ADNT) said on Aug. 6 that it lost $321 million in the quarter that ended on June 30, on a series of one-time charges related to an ongoing restructuring effort.
Excluding one-time items, Adient earned $0.38 per share, down 74% from the year-ago period. Revenue of $4.219 billion was down 6% from a year ago.
Image source: Adient.
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