secwatch.observer — SEC 8-K summary
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Issuer:     VISTEON CORP (VC)
CIK:        0001111335
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001111335-23-000021
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 $967M (+22% ex-currency), net income $34M, FY guidance reaffirmed
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- Sales of $967M, up 22% YoY excluding currency; 16th consecutive quarter of growth over market.
- Net income $34M; adjusted EBITDA $99M (10.2% of sales), up $28M YoY.
- $1.5B in new business wins, including follow-on wireless BMS for EV truck/SUV and SmartCore wins.
- Net cash $135M ($487M cash, $352M debt); FY 2023 guidance maintained: sales $3.95-4.15B, adj. EBITDA $405-445M.
- Launched products on 34 vehicle models, including digital cluster on GM Silverado/Sierra HD and SmartCore on Zeekr X.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1111335/000111133523000021/0001111335-23-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1111335/000111133523000021/vc-20230427.htm
  HTML page:      https://secwatch.observer/filing/0001111335-23-000021

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