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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 Corporation (Nasdaq: VC) has launched its Local Dimming technology, designed to enhance vehicle display contrast ratios significantly. This fully integrated system uses advanced algorithms to control individual LEDs behind screens, optimizing luminance while reducing power consumption by up to 70%. The technology supports thin and curved displays, boasting a tenfold increase in contrast from 1K:1 to 10K:1. Visteon aims to meet the growing market demand for high-quality, low-power displays, providing a cost-effective solution that enhances visual performance in electric vehicles.
Visteon Corporation (NASDAQ: VC) reported a strong second quarter in 2022 with sales of $848 million, a 42% increase from the previous year and 36% growth over the market. The company achieved a net income of $24 million and an adjusted EBITDA of $79 million, reflecting the impact of higher sales volumes amid semiconductor shortages. Visteon launched 27 new products in the first half of the year and secured $3.1 billion in new business wins. The full-year guidance remains steady, anticipating sales between $3.150 and $3.350 billion.
Visteon Corporation (Nasdaq: VC) will announce its Q2 2022 financial results on July 28, before market opening. Following the release, a conference call for investors will take place at 9 a.m. ET, available via audio webcast. Dial-in numbers for participants include a toll-free option for U.S./Canada at 1-888-440-4360 and an international number at 1-646-960-0832. A replay of the call will be available until August 11. Visteon, headquartered in Van Buren Township, Michigan, reported sales of approximately $2.8 billion in 2021.
Visteon Corporation (Nasdaq: VC) has launched an innovative cockpit display technology, the Active Privacy solution, designed to adjust viewing angles for passenger displays to reduce driver distraction. This patent-pending technology can switch between private and shared viewing modes, automatically activating based on vehicle context, such as shifting from reverse to park. The solution is energy-efficient, making it suitable for electrified vehicles, and enhances safety by minimizing distractions. Visteon continues to support the digital evolution in automotive experiences.
Visteon Corporation (Nasdaq: VC) has introduced its TrueColor Image Enhancement, an algorithm that enhances the legibility of vehicle displays in varying light conditions. This technology aims to improve the visibility of safety information under bright sunlight, ensuring compliance with ISO15008 standards. It effectively minimizes glare and brightness issues, offering superior image quality without color shifts, while requiring less power compared to other solutions. This innovation targets evolving consumer expectations for high-quality display performance in vehicles.
Visteon Corporation reported first quarter 2022 financial results, posting sales of $818 million, an 11% increase from the previous year. Despite a 4% downturn in industry production, the company achieved a 22% growth-over-market compared to its top customers. Net income reached $22 million, with adjusted EBITDA at $71 million, reflecting strong sales volumes and pricing. Visteon launched 16 new products and secured $950 million in new business, with a focus on electric vehicle variants. The company estimates full-year sales between $3.150 - $3.350 billion.
Visteon Corporation (Nasdaq: VC) is set to report its first-quarter 2022 financial results before the market opens on April 28, 2022. Following the release, a conference call will be held at 9 a.m. ET for investors, accessible via a live audio webcast. Participants can dial in using specific U.S. and international numbers, with the conference ID 1329137. A replay will be available post-call until May 12. Visteon is a technology company focused on the mobility sector, having generated $2.8 billion in sales and booked $5.1 billion in new business in 2021.
Visteon Corporation (Nasdaq: VC) announced that President and CEO Sachin Lawande, along with Senior VP and CFO Jerome Rouquet, will participate in a fireside chat at the 2022 Wolfe Research Virtual Global Auto, Auto Tech and Mobility Conference. The event is scheduled for Wednesday, Feb. 23, 2022, at 10:55 a.m. ET. A live audio webcast will be available on Visteon's website, with a replay accessible post-event. Visteon specializes in technology for the mobility sector, with notable sales of approximately $2.8 billion and $5.1 billion in new business booked in 2021.
Visteon Corporation (NASDAQ: VC) reported strong fourth quarter and full-year 2021 results. In Q4, net sales hit $786 million, showing a 15% growth over the market despite a 15% drop in vehicle production for top customers. The company earned $31 million, or $1.09 per diluted share, with adjusted EBITDA at $92 million (11.7% of sales). For 2021, total sales reached $2,773 million, a 7% increase year-over-year. Visteon secured $5.1 billion in new business and launched 43 products. Looking ahead, 2022 guidance estimates sales between $3.150 and $3.350 billion, with EBITDA of $295 to $335 million.
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