Visteon Q2 sales $1.01B, record Adj EBITDA $136M; FY2024 guidance updated

VISTEON CORP

2024-Q2 EPS reported $4.05 revenue$1,947,000,000

Sales $1,014M (+3% YoY); net income $71M ($2.54 EPS); Growth-over-Market 9%.
Record Adjusted EBITDA $136M (13.4% margin, +420 bps YoY); Adj FCF $62M in H1.
Won $3.1B new business in H1; launched 41 products across 17 OEMs; net cash $181M.
FY2024 guidance: sales $3.85-3.95B, Adj EBITDA $455-475M, Adj FCF $155-185M.
Key launches: Toyota Camry digital cluster, Porsche Macan cluster, Mazda MX-30 display.

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