secwatch.observer — SEC 8-K summary
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Issuer:     VISTEON CORP (VC)
CIK:        0001111335
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001111335-24-000095
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1111335/000111133524000095/0001111335-24-000095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1111335/000111133524000095/vc-20240425.htm
  HTML page:      https://secwatch.observer/filing/0001111335-24-000095

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