Adient plc revised earnings guidance for the fiscal year 2023. For the period, the company expects revenue to be about $14.0 billion versus its previous guidance of $14.2 billion. The decrease is primarily attributed to movements in FX and lower production forecasted now versus its prior expectations.

The company forecast that significantly lower industry production volumes, primarily driven by the persistent supply chain disruptions, will pressure its top line by about $2.3 billion for the full year.