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Sep 30, 2020
Visteon Q3 2020 Earnings Report
Visteon's Q3 2020 results were announced, showcasing increased net sales and profitability.
Key Takeaways
Visteon reported Q3 2020 net sales of $747 million, a 3% increase year-over-year excluding currency impact. The company achieved a net income of $6 million, or $0.21 per diluted share, and an adjusted EBITDA of $87 million, representing 11.6% of sales. Visteon also secured $1.5 billion in new business wins and launched a record 23 new products during the quarter.
Net sales reached $747 million, up 3% year-over-year excluding currency effects.
Net income was reported at $6 million, with diluted earnings per share of $0.21.
Adjusted EBITDA stood at $87 million, which is 11.6% of sales.
The company won $1.5 billion in new business and launched a record 23 new products.
Forward Guidance
The company has withdrawn its financial guidance and, due to the continued uncertainty of market conditions, will not be providing revised guidance until there is better clarity regarding the COVID-19 impact.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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