Report
David Whiston
EUR 100.00 For Business Accounts Only

Adient's Fiscal 2Q Shows Progress in Metals Turnaround but There's a Long Way to Go

Adient's fiscal second-quarter results had flat adjusted diluted EPS sequentially of $0.31 but still missed consensus of $0.39. Adient also disclosed that it may soon write off a material portion of its deferred tax assets due to reevaluating its intercompany financing structure following its May 6 debt refinancing. This may result in shifts of interest income and expense between geographies so we think management will write off a lot of its deferred tax assets in fiscal third quarter. The net d...
Underlying
Adient plc

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
David Whiston

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch