secwatch.observer — SEC 8-K summary
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Issuer:     VISTEON CORP (VC)
CIK:        0001111335
Form:       8-K
Filed at:   2021-07-29T23:59:59+00:00
Accession:  0001111335-21-000027
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Visteon Q2 sales up 59% Y/Y to $610M; net loss narrows to $11M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1111335/000111133521000027/0001111335-21-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1111335/000111133521000027/vc-20210729.htm
  HTML page:      https://secwatch.observer/filing/0001111335-21-000027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer