Welcome to our dedicated page for VISTEON CORPORATION news (Ticker: VC), a resource for investors and traders seeking the latest updates and insights on VISTEON CORPORATION stock.
Visteon Corporation (Nasdaq: VC) is a global leader in designing, engineering, and manufacturing innovative cockpit electronics products and connected car solutions. Catering to major vehicle manufacturers like Ford, Nissan, Renault, Mazda, BMW, General Motors, and Honda, Visteon is a prominent provider of driver information and control systems, audio and infotainment solutions, and domain controllers. The company's notable brands include Lightscape®, OpenAir®, and SmartCore™.
Headquartered in Van Buren Township, Michigan, with additional corporate offices in Shanghai, China, and Chelmsford, UK, Visteon operates more than 50 facilities across 21 countries. Employing over 11,000 people, Visteon recorded annual sales of approximately $3.76 billion and secured $6 billion in new business in 2022.
Visteon's core business revolves around advanced vehicle cockpit electronics that encompass digital instrument clusters, domain controllers with integrated advanced driver assistance systems, displays, Android-based infotainment systems, and battery management systems. These products align with industry trends such as digitalization, electrification, and autonomous driving.
Recent achievements include the launch of digital clusters on Mercedes EQE, hybrid cluster programs on Ford Transit models in Europe, and digital clusters on Tata vehicle lines in India. Visteon has also secured new business worth $5.8 billion in the first nine months of 2023, including its first AllGo™ App Store win for an Indian OEM and a conquest digital cockpit system for a premium German OEM.
Financially, Visteon reported net sales of $1,014 million in Q3 2023, reflecting a 9% year-over-year growth in base sales. The company's adjusted EBITDA for the quarter was $128 million, a significant increase from the previous year. Visteon ended the third quarter with $485 million in cash and $341 million in debt, highlighting a solid financial standing.
The company's innovative approach extends to digital cockpit electronics, displays, and electrification. Visteon will showcase its advancements in these areas at CES 2024, including the AllGo® Connected Services, SmartCore® Service Oriented Architecture, and SmartZone Zonal Controller concept. Their display technology, including the Curved Large Format OLED Display, exemplifies cutting-edge power efficiency and superior image quality.
Visteon's commitment to sustainability is evident in its wireless Battery Management Systems (BMS) and state-of-the-art power electronics, focusing on optimizing energy conversion and packaging efficiency for the evolving electric vehicle ecosystem.
Stay connected with Visteon for the latest updates through their social media channels: LinkedIn, Twitter, Facebook, YouTube, Instagram, Weixin, Weibo, and Youku.
Learn more about Visteon at www.visteon.com.
Visteon (NASDAQ: VC) reported Q3 2024 financial results with sales of $980 million, achieving 6% growth-over-market. The company posted net income of $39 million ($1.40 per diluted share) and adjusted net income of $63 million ($2.26 per diluted share). Adjusted EBITDA reached $119 million. The quarter saw 30 new product launches and $4.9 billion in year-to-date business wins. Visteon maintains a strong balance sheet with $229 million in net cash and has updated its full-year 2024 guidance, projecting sales of $3.85-3.90 billion and adjusted EBITDA of $465-480 million.
Visteon (Nasdaq: VC), a global technology company serving the mobility industry, has announced it will release its third quarter 2024 financial results before the market opens on Thursday, Oct. 24. The company will host a conference call for investors at 9 a.m. ET to discuss the results and related matters.
The conference call will be accessible to the public via a live audio webcast. Dial-in numbers for participation are provided: U.S./Canada Toll-Free: 1-888-330-2508, International Toll: 1-240-789-2735, with Conference ID: 8897485. Participants are advised to dial in approximately 10 minutes before the start of the conference.
All related materials, including the news release, presentation materials, and other supplemental information, will be available in the Investors section of Visteon's website. A replay of the webcast will be made available on the company's website shortly after the call.
Visteon (NASDAQ: VC) reported strong Q2 2024 financial results, with sales of $1,014 million, representing a Growth-over-Market of 9%. The company achieved a net income of $71 million and a record Adjusted EBITDA of $136 million. Visteon launched 41 new products across 17 OEMs in the first half and won $3.1 billion in new business. Key highlights include:
- Gross margin of $147 million
- Net income per diluted share of $2.54
- Adjusted EBITDA margin of 13.4%, up 420 basis points YoY
- Strong balance sheet with net cash of $181 million
- Updated full-year 2024 guidance: sales of $3.85-$3.95 billion, adjusted EBITDA of $455-$475 million
Visteon (Nasdaq: VC) announced it will release its second quarter 2024 financial results on July 25, before market opening. The company, a significant player in the global mobility technology sector, will host a conference call at 9 a.m. ET to discuss the results. The call will be accessible to the investment community and the general public via a live audio webcast. U.S. and Canadian participants can dial in toll-free at 1-888-330-2508, while international participants can use 1-240-789-2735 with Conference ID 8897485. Presentation materials and supplemental information will be available on Visteon's Investor section of the website. A replay of the webcast will be available shortly after the event.
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