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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.
Visteon
Visteon
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.