secwatch.observer — SEC 8-K summary
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Issuer:     VISTEON CORP (VC)
CIK:        0001111335
Form:       8-K
Filed at:   2022-04-28T23:59:59+00:00
Accession:  0001111335-22-000027
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Visteon Q1 sales $818M, up 11%; net income $22M; maintains FY 2022 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1111335/000111133522000027/0001111335-22-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1111335/000111133522000027/vc-20220428.htm
  HTML page:      https://secwatch.observer/filing/0001111335-22-000027

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