Adient raised its sales forecast, bought back shares, and reported strength in some regions. But adjusted EBITDA stayed flat, its profit forecast did not rise, and commodity and freight costs remain elevated, leaving the outlook mixed.
The higher sales forecast points to more business, but it does not come with a higher profit forecast. Commodity and freight costs remain elevated, and adjusted EBITDA was unchanged from a year earlier. These facts leave the company’s outlook mixed.
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