By Nicholas G. Miller
Shares of Adient sank after the company said it expects lower customer production volumes and increased growth investments in fiscal 2026.
The stock fell 13% to $20.91 Wednesday. It is up 21% so far this year.
The automotive seating company said in fiscal 2026, improved business performance would be offset by "lower customer production volumes and increased growth investments."
Adient reported fourth-quarter net income attributable to the company of $18 million, or 22 cents a share, down from $79 million, or 91 cents a share, the year prior.
Adjusted earnings were 52 cents a share. Analysts expected 54 cents, according to FactSet.
Sales rose to $3.69 billion from $3.56 billion the year before. Wall Street expected $3.63 billion.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
November 05, 2025 10:47 ET (15:47 GMT)
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