Visteon Q2 sales up 18% to $983M; adj. EBITDA $90M; reiterates FY guidance

VISTEON CORP

2023-Q2 EPS reported $1.88 revenue$1,950,000,000

Sales $983M, up 18% YoY (ex-FX); net income $20M; adj. net income $34M, adj. EPS $1.18.
Adjusted EBITDA $90M (9.2% of sales) including $15M exceptional recall charge; 17th consecutive quarter of market outperformance.
$4B in new business wins in H1 2023; first EV power electronics win with European luxury OEM.
Reiterating FY2023 guidance: sales $3.95-4.15B, adj. EBITDA $405-445M, adj. FCF $115-165M.
Repurchased 211,779 shares for $30M in Q2; cash $459M, debt $348M.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

VISTEON CORP reported the second quarter of 2023 results: revenue $983 million, net income $20 million, EPS $0.70 per diluted share. Guidance reaffirmed.

Period: the second quarter of 2023
Revenue: $983 million
Net income: $20 million
EPS: $0.70 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Visteon reported net sales of $983 million representing a year-over-year increase of 18%, excluding the impact of currency.

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Source: SEC EDGAR

accession 0001111335-23-000038

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