earnings
confidence high
sentiment positive
materiality 0.75
Visteon Q1 sales $818M, up 11%; net income $22M; maintains FY 2022 guidance
VISTEON CORP
2022-Q1 EPS reported
$0.77
revenue$818,000,000
- Sales $818M, up 11% YoY (ex-currency); growth-over-market of 22% versus top customers' production.
- Net income $22M ($0.77 diluted EPS); Adjusted EBITDA $71M (8.7% of sales), up $7M YoY.
- New business wins of $950M (~20% for EV programs); launched 16 new products in Q1.
- Net cash of $56M ($405M cash, $349M debt); cash used by operations $21M, capex $21M.
- Full-year 2022 guidance reaffirmed: sales $3.15-3.35B, Adj. EBITDA $295-335M, Adj. FCF $85-115M.