Visteon Q1 2022 Earnings Report
Key Takeaways
Visteon reported a strong first quarter with sales of $818 million, an 11% increase year-over-year. The company achieved 22% growth-over-market versus top customers' vehicle production and reported a net income of $22 million. Adjusted EBITDA was $71 million, representing 8.7% of sales.
Sales increased by 11% to $818 million compared to the prior year.
Growth-over-market reached 22% relative to top customers' vehicle production.
Net income was reported at $22 million, or $0.77 per diluted share.
Adjusted EBITDA totaled $71 million, which is 8.7% of sales.
Visteon
Visteon
Forward Guidance
Visteon is maintaining its full-year 2022 guidance, anticipating sales in the range of $3.150 - $3.350 billion, Adjusted EBITDA between $295 - $335 million, and Adjusted Free Cash Flow between $85 - $115 million.
Positive Outlook
- Sales are expected to be in the range of $3.150 - $3.350 billion.
- Adjusted EBITDA is projected to be between $295 - $335 million.
- Adjusted Free Cash Flow is anticipated to be between $85 - $115 million.