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Adient cuts FY24 revenue view to $14.6B from $14.8B-$14.9B, consensus $14.84B

Cuts FY24 adjusted EBITDA view to $870M from $900M-$920M. Sees FY24 capital expenditures $285M. The company said, “FY24 guidance updated to reflect Adient’s YTD results through June 30, 2024 and current market conditions, including significantly reduced vehicle production schedules compared to prior forecasts.”

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