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Jun 30, 2024
Visteon Q2 2024 Earnings Report
Visteon's Q2 2024 results reflected robust sales and improved margins, driven by strong demand for digital cockpit and electrification products.
Key Takeaways
Visteon reported sales of $1,014 million, a net income of $71 million, and a record adjusted EBITDA of $136 million. The company launched 41 new products and won $3.1 billion in new business in the first half of the year.
Sales reached $1,014 million with Growth-over-Market of 9%.
Net income was $71 million.
Adjusted EBITDA reached a record $136 million.
41 new products were launched across 17 OEMs in the first half.
Visteon
Visteon
Forward Guidance
Visteon is updating its full-year 2024 guidance and anticipates sales in the range of $3.85 – $3.95 billion, adjusted EBITDA in the range of $455 – $475 million, and maintaining adjusted free cash flow in the range of $155 – $185 million.