earnings
confidence high
sentiment positive
materiality 0.75
Visteon Q2 sales up 59% Y/Y to $610M; net loss narrows to $11M
VISTEON CORP
2021-Q2 EPS reported
$0.18
revenue$1,356,000,000
- Net loss of $11M ($0.39 diluted loss) vs. prior year loss of $53M; adjusted EBITDA $30M (4.9% of sales), up $33M Y/Y.
- New business wins of $3.2B in H1 2021; includes $640M expansion of digital cluster program with global OEM.
- Launched seven new products in Q2; on track for ~50 full-year programs including 3D cluster for Peugeot and Android infotainment for Skoda/Geely.
- Net cash position $115M ($470M cash, $355M debt); adjusted free cash flow use of $7M in H1 vs. $66M use in H1 2020.
- Supply chain costs from semiconductor shortages partially offset volume gains and cost efficiencies.