Adient shows that automotive seating is not a commodified product.
Automotive seating supplier Adient reported a good fourth quarter to end fiscal 2017 and its restructuring plan for the next few years remains on track. We are leaving our fair value estimate in place but, as always, we will reassess all our modeling assumptions after Adient files its 10-K later this month. Adjusted EPS rose 9% year over year to $2.34, besting consensus by $0.10, while consolidated revenue increased by 1% to $3.98 billion, slightly ahead of consensus. Unconsolidated seating reve...
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