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0 0 0.0700764256319813 0.0700764256319813 0.0700764256319813 0.101116990005879 0.101116990005879 0.0995884773662551
Stock impact report

Visteon Announces Third Quarter 2024 Results [Yahoo! Finance]

Visteon Corporation (VC) 
Last visteon corporation earnings: 4/30 06:55 am Check Earnings Report
US:NYSE Investor Relations: visteon.com/investors
Company Research Source: Yahoo! Finance
Sales of $980 million with Growth-over-Market of 6% Net income of $39 million and adjusted net income of $63 million Adjusted EBITDA of $119 million Launched 30 new products in the quarter and 71 year-to-date New business wins of $4.9 billion year-to-date Net 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-GAAP measure defined below, was $63 million or $2.26 per diluted share. Net income, as compared to the prior year, includes the favorable impact of Show less Read more
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