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Jun 30, 2022
Visteon Q2 2022 Earnings Report
Visteon reported a strong second quarter with significant sales growth and new business wins.
Key Takeaways
Visteon reported a 42% increase in sales, reaching $848 million, driven by new product launches and positive pricing. The company achieved net income of $24 million and adjusted EBITDA of $79 million. Visteon secured $3.1 billion in new business wins in the first half of the year.
Sales increased by 42% compared to the prior year, reaching $848 million.
Achieved the 13th consecutive quarter of growth-over-market.
Net income was reported at $24 million.
Adjusted EBITDA reached $79 million, representing 9.3% of sales.
Visteon
Visteon
Forward Guidance
Visteon is maintaining full-year 2022 guidance.
Positive Outlook
- Sales in the range of $3.150 – $3.350 billion
- Adjusted EBITDA in the range of $295 – $335 million
- Adjusted Free Cash Flow in the range of $85 – $115 million
- Double-digit growth-over-market performance
- Strong quarter of new business wins with over $2 billion in lifetime revenue
Challenges Ahead
- Constrained supply environment
- Lockdown in Shanghai due to COVID-19
- Supply chain disruptions
- Semiconductor shortages
- Uneven supply of semiconductors