secwatch.observer — SEC 8-K summary
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Issuer:     VISTEON CORP (VC)
CIK:        0001111335
Form:       8-K
Filed at:   2021-10-28T23:59:59+00:00
Accession:  0001111335-21-000040
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Visteon Q3 net income $5M, sales $631M (-17% YoY); lowers FY guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1111335/000111133521000040/0001111335-21-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1111335/000111133521000040/vc-20211028.htm
  HTML page:      https://secwatch.observer/filing/0001111335-21-000040

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