secwatch.observer — SEC 8-K summary
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Issuer:     VISTEON CORP (VC)
CIK:        0001111335
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0001111335-24-000017
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1111335/000111133524000017/0001111335-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1111335/000111133524000017/vc-20240219.htm
  HTML page:      https://secwatch.observer/filing/0001111335-24-000017

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer