---
schema_version: "secwatch.filing_event.v1"
accession: "0001111335-24-000017"
form_type: "8-K"
ticker: "VC"
cik: "0001111335"
company_name: "VISTEON CORP"
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T22:43:04.118136+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Visteon reports record FY 2023 sales $3.95B, adj EBITDA $434M; CEO term extended to 2030

## Summary
- Q4 net sales $990M (down 7% YoY), base sales up 1%; net income $366M includes $313M non-cash U.S. tax benefit.
- Full-year record net sales $3,954M (+5% YoY, base sales +12%); record adj EBITDA $434M (11.0% margin, +170bps).
- 2024 guidance: sales $4.0-4.2B, adj EBITDA $470-500M, adj FCF $155-185M.
- Won $7.2B new business in 2023; repurchased $106M of shares under $300M authorization.
- CEO Sachin Lawande's employment extended to Sept 2030; base salary raised to $1.15M eff Apr 1, 2024.

## SEC filing metadata
- accession: 0001111335-24-000017
- form_type: 8-K
- ticker: VC
- cik: 0001111335
- company_name: VISTEON CORP
- filed_at: 2024-02-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1111335/000111133524000017/0001111335-24-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1111335/000111133524000017/vc-20240219.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001111335-24-000017
- JSON: https://secwatch.observer/filing/0001111335-24-000017.json
- Plain text: https://secwatch.observer/filing/0001111335-24-000017.txt

## Key facts
- Earnings Releases
  VISTEON CORP updated its fourth quarter and full-year of 2023 guidance (reaffirmed).
  - Period: fourth quarter and full-year of 2023
  - Guidance: reaffirmed
  - Result: reported results
  source text: On February 20, 2024, the registrant issued a press release regarding its financial results for the fourth quarter and full-year of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1111335/000111133524000017/0001111335-24-000017-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.