secwatch.observer — SEC 8-K summary
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Issuer:     VISTEON CORP (VC)
CIK:        0001111335
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001111335-23-000038
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1111335/000111133523000038/0001111335-23-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1111335/000111133523000038/vc-20230803.htm
  HTML page:      https://secwatch.observer/filing/0001111335-23-000038

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