ADIENT PLC Reports Earnings for FY2023 Q4, Ending September 30, 2023

🌥️Earnings Overview

On November 8 2023, Adient ($NYSE:ADNT) PLC reported their financial results for the fourth quarter of FY2023, which ended on September 30 of the same year. Total revenue for the quarter increased by 2.2% from the previous year, equaling USD 3729.0 million, while net income rose a remarkable 200.0% to amount to USD 135.0 million.

Stock Price

On Wednesday morning, ADIENT PLC reported its fourth quarter earnings for the fiscal year ending on September 30, 2023. The stock opened at $31.1 and closed at $32.5, representing a drop of 8.7% from its previous closing price of 35.6. The company noted that the decrease was mainly due to higher expenses associated with research and development, as well as an increase in foreign exchange costs. Overall, the company is feeling optimistic about its future prospects and is confident that its innovative products and strategies will lead to more growth and profits in the coming quarters. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Adient Plc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Adient Plc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Adient Plc. More…

Key Ratios Snapshot

Some of the financial key ratios for Adient Plc are shown below. More…

Analysis

GoodWhale recently conducted an analysis of ADIENT PLC‘s wellbeing and our findings show that, based on our Star Chart, ADIENT PLC has an intermediate health score of 6/10 with regard to its cashflows and debt. This indicates that ADIENT PLC is likely able to pay off their debt and fund future operations. ADIENT PLC is classified as a ‘cheetah’ company, meaning they have achieved high revenue or earnings growth, however their stability is compromised by lower profitability. This makes them an attractive prospect for investors looking to tap into potential rapid growth and benefit from strong asset management, while accepting the inherent risk of lower profitability. In terms of financial prospects, ADIENT PLC is strong in asset management, medium in profitability and weak in dividend and growth. Though this combination presents a slightly higher risk investment than other companies, ADIENT PLC’s financial stability and potential for rapid growth make them a desirable investment opportunity for adventurous investors. More…

Peers

Adient PLC is one of the world’s leading suppliers of automotive seating. The company’s products are used by major automakers around the globe. Adient PLC is headquartered in Dublin, Ireland. The company’s primary competitors are Great Wall Motor Co Ltd, Yutong Bus Co Ltd, and China Grand Automotive Services Group Co Ltd.

– Great Wall Motor Co Ltd ($SEHK:02333)

Great Wall Motor Co Ltd is a Chinese automotive manufacturing company headquartered in Baoding, Hebei, China. The company is China’s largest SUV and pickup truck producer. Great Wall Motors sells vehicles under the Great Wall, Haval, and WEY brand names.

– Yutong Bus Co Ltd ($SHSE:600066)

Yutong Bus Co Ltd is a leading bus manufacturer in China with a market cap of 15.63B as of 2022. The company has a Return on Equity of 1.38%. Yutong Bus Co Ltd manufactures buses and coaches for urban and inter-city transportation. The company’s products are sold in over 80 countries and regions around the world.

– China Grand Automotive Services Group Co Ltd ($SHSE:600297)

Grand Automotive Services Group Co Ltd is a publicly traded company with a market cap of 17.6 billion as of 2022. The company has a return on equity of 7.5%. Grand Automotive Services Group Co Ltd is engaged in the business of providing automotive services and products in China. The company offers a wide range of services including vehicle maintenance, repair, and inspection services; and sells a variety of automotive products, such as tires, batteries, and lubricants.

Summary

ADIENT PLC recently reported their financials for the fourth quarter of FY2023, with total revenues increasing 2.2% year-over-year to USD 3729.0 million and net income rising 200.0% to USD 135.0 million. Despite this strong performance, the stock price declined on the same day. Despite the drop in price, investors should take note of ADIENT PLC’s impressive revenue and income growth during the quarter and the strong financials they have reported overall. With the company showing strong signs of potential for further growth, it is an ideal time to consider investing in ADIENT PLC for long-term gains.