Visteon Q2 sales up 42% to $848M; net income $24M, adj. EBITDA $79M

VISTEON CORP

2022-Q2 EPS reported $1.61 revenue$1,666,000,000

Net sales $848M, up 42% YoY ex-FX, driven by new launches and semiconductor cost pass-through.
Net income $24M ($0.85 diluted EPS); adjusted EBITDA $79M (9.3% of sales), up $49M YoY.
First-half new business wins $3.1B, over 50% on EV platforms; 27 new products launched.
Cash $325M, debt $349M; refinanced credit agreement extended maturity to 2027.
FY 2022 guidance reaffirmed: sales $3.15-3.35B, adj. EBITDA $295-335M, adj. FCF $85-115M.

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