Visteon Announces Third Quarter 2024 Results
Visteon Corporation (VC)
Last visteon corporation earnings: 4/30 06:55 am
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Source: GlobeNewswire
VAN BUREN TOWNSHIP, Mich., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ: VC) today reported third quarter financial results. Highlights include: Sales of $980 million with Growth-over-Market of 6%1Net income of $39 million and adjusted net income of $63 millionAdjusted EBITDA of $119 millionLaunched 30 new products in the quarter and 71 year-to-dateNew business wins of $4.9 billion year-to-dateNet cash of $229 million at quarter end Visteon reported solid net sales of $980 million in a challenging production environment. We delivered 6% outperformance relative to customer vehicle production, driven by strong demand for digital cockpit and electrification products. Our market outperformance was offset by lower customer production and reduced customer recoveries resulting from improved semiconductor supply. Gross margin in the third quarter was $131 million. Net income attributable to Visteon was $39 million or $1.40 per diluted share and adjusted net income, a non
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News
- Visteon Co. (NASDAQ: VC) had its price target lowered by analysts at Wells Fargo & Company from $122.00 to $119.00. They now have an "overweight" rating on the stock.MarketBeat
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- Visteon Co. (NASDAQ: VC) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Visteon Co. (NASDAQ: VC) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
VC
Earnings
- 10/24/24 - Miss
VC
Sec Filings
- 11/8/24 - Form SC
- 11/7/24 - Form SCHEDULE
- 10/24/24 - Form 10-Q
- VC's page on the SEC website