Adient Plc is a global leader in automotive seating solutions, specializing in the design, development, and manufacturing of seat systems for a wide range of vehicles
The company focuses on delivering innovative products that enhance comfort, safety, and functionality in automotive seating, catering to diverse customer needs in the automotive industry. With a commitment to quality and sustainability, Adient collaborates with major automobile manufacturers to provide tailored seating solutions that integrate advanced technology and ergonomic design, ultimately contributing to the overall driving experience.
Before investors get too excited about what appears to be a cheap P/E valuation for Adient's stock, they may want to pay attention to the trend of declining earnings estimate revisions.
Adient has put forward restructuring plans in Europe to reduce operating, administrative and engineering costs. The plan primarily consists of workforce reductions and the transfer of work to countries with lower labor costs.
