Visteon Q1 net sales $933M (-3.5% YoY), adj. EBITDA $102M (10.9% of sales, +70bps)

VISTEON CORP

2024-Q1 EPS reported $1.50 revenue$933,000,000

Net income $42M ($1.50 diluted EPS); new business wins $1.4B including >$400M displays.
Adj. EBITDA $102M, up $3M YoY; margin 10.9% vs 10.2% prior year.
Launched 26 products across 14 OEMs; sales outperformed customer production by 2%.
Maintains FY2024 guidance: sales $4.0-$4.2B, adj. EBITDA $470-$500M, adj. FCF $155-$185M.
Ended Q1 with net cash $175M; repurchased $20M in shares.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

VISTEON CORP reported the first quarter of 2024 results: revenue $933 million, net income $42 million, EPS $1.50 per diluted share. Guidance reaffirmed.

Period: the first quarter of 2024
Revenue: $933 million
Net income: $42 million
EPS: $1.50 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Financial Results VAN BUREN TOWNSHIP, Mich., April 25, 2024 — Visteon Corporation (NASDAQ: VC) today reported first quarter financial results. Highlights include: • Net sales of $933 million with a return to positive growth-over-market 1 • Net income of $42 million • Adjusted EBITDA of $102 million or 10.9% of sales • Operating cash flow of $69 million and adjusted

View on SEC.gov

1341 earnings releases filed in the last 30 days. Browse all earnings releases →

VISTEON CORP filing history →

Source: SEC EDGAR

accession 0001111335-24-000095

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.