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Mar 31, 2020
Visteon Q1 2020 Earnings Report
Reported a net loss due to restructuring charges and COVID-19 impacts.
Key Takeaways
Visteon reported a net sales of $643 million and a net loss of $35 million, which included $33 million of restructuring charges. The sales decrease was primarily due to COVID-19 impacts. The company was awarded $800 million in new business and maintains a strong cash position of $825 million.
Net sales reached $643 million.
Net loss was $35 million, including $33 million in restructuring charges.
Adjusted EBITDA amounted to $33 million.
New business awards totaled $800 million.
Revenue by Geographic Location
Forward Guidance
The company withdrew its financial guidance on April 9, 2020, and will not provide revised guidance until there is better clarity regarding the COVID-19 impact.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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