FY 2017 Second Quarter Earnings Call
Effective tax rate
> Q2 and first half 2017 effective tax rate running higher vs. original plan (14-15% vs
10-12%)
-Geographic composition of profits primary driver (U.S. represents a larger share of
profit vs. original expectations)
-Rate on consolidated operations expected at just under 20%; China income is
shown in financials net of tax
> Several tax planning initiatives underway to reduce the rate
-Actions require proper sequencing to maximize benefit
-2017 pro forma rate estimated to be about 3-5 pts. lower if identified actions were
fully implemented at the start of the year
> Rate in 2018 expected to be closer to our original 2017 expectations
Q2 2017 Earnings / April 2017
12
Adient - Improving the experience of a world in motion
مجید محمود
ADIENT
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