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Mar 31, 2024
Visteon Q1 2024 Earnings Report
Visteon's Q1 2024 financial performance reflected positive growth-over-market and significant new business wins.
Key Takeaways
Visteon reported net sales of $933 million and net income of $42 million. The company launched 26 new products and secured $1.4 billion in new business, including over $400 million in displays wins. Adjusted EBITDA was $102 million, representing 10.9% of sales.
Net sales reached $933 million with positive growth-over-market.
Net income totaled $42 million.
Adjusted EBITDA was $102 million, or 10.9% of sales.
The company secured $1.4 billion in new business, including over $400 million of displays wins.
Visteon
Visteon
Forward Guidance
Visteon is maintaining its full-year 2024 guidance and anticipates sales in the range of $4.0 to $4.2 billion, adjusted EBITDA in the range of $470 to $500 million, and adjusted free cash flow in the range of $155 to $185 million.