earnings
confidence high
sentiment neutral
materiality 0.70
Visteon Q3 net income $5M, sales $631M (-17% YoY); lowers FY guidance
VISTEON CORP
2021-Q3 EPS reported
$0.35
revenue$1,987,000,000
- Net income $5M ($0.18 diluted EPS); adjusted EBITDA $42M (6.7% of sales), down $45M YoY.
- Sales $631M, down 17% YoY (ex-currency), outperforming top customers' 25% production decline by 8%.
- New business wins $3.8B YTD, ~30% for EV programs; 26 new products launched YTD.
- FY2021 guidance: sales $2.60-2.65B, adj. EBITDA $165-175M, free cash flow break-even.
- Committed to setting science-based emissions targets via SBTi aligned with Paris Agreement.