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Adient comfortable with car seat outlook, faces supply chain headwinds

Cons. Discr. - Autos 1075 Earnings 624 Quote Watch 392 U.S. 5053

Adient reported FQ4’20 revenues (to Sept. 30) which declined by 8.3% year over year as the automotive seat maker recovered only slowly from pandemic related factory closures. While the firm expects an 18.0% rise in revenues across the sector in the year to Sept. 30, 2021 there’s little sign of a recovery in its fortunes in the near time. U.S. seaborne imports linked to the firm fell by 10.6% year over year in the first half of calendar Q4’20. The firm’s CEO, Jeffrey Stafell, also expects “certain headwinds on the horizon, such as rising commodity prices and an uptick in premium freight” ...

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