Visteon Q2 2021 Earnings Report

Visteon's Q2 2021 results were announced, featuring increased sales and adjusted EBITDA.

Key Takeaways

Visteon reported Q2 2021 net sales of $610 million, a 59% year-over-year increase excluding currency impacts. The company experienced a net loss of $11 million, but adjusted EBITDA increased by $33 million year-over-year to $30 million. New business wins for the first half of the year totaled $3.2 billion, and the company ended the quarter with a net cash position of $115 million.

Net sales reached $610 million, up 59% year-over-year excluding currency effects.

Net loss was $11 million.

Adjusted EBITDA was $30 million, a $33 million increase year-over-year.

First-half new business wins totaled $3.2 billion.

Previous year: -$1.44

-77.8%