Shares of Adient PLC (NYSE: ADNT), a leading automotive seating company, surged over 6% in the pre-market trading session on Tuesday after the company reported impressive first-quarter fiscal 2025 results that exceeded analysts' expectations.
For the quarter ended December 31, 2024, Adient reported adjusted earnings per share of $0.27, beating the consensus estimate of $0.20 by a significant margin. The company's revenue for the quarter came in at $3.495 billion, surpassing analysts' expectations of $3.422 billion.
Adient's strong performance in the first quarter was driven by robust demand for its automotive seating products, coupled with effective cost management strategies. The company also provided an updated outlook for fiscal 2025, maintaining the lower end of its adjusted EBITDA guidance range despite facing headwinds from foreign exchange fluctuations and lower customer volumes in Europe and China.
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