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Sep 30, 2021
Visteon Q3 2021 Earnings Report
Reported sales of $631 million and net income of $5 million amidst a challenging semiconductor supply environment.
Key Takeaways
Visteon announced third-quarter net sales of $631 million, a 17% year-over-year decrease excluding currency impact. Net income attributable to Visteon was $5 million, or $0.18 per diluted share. Adjusted EBITDA was $42 million, or 6.7% of sales.
Sales of $631 million in a challenging semiconductor supply environment
Growth over market of 8% versus top customers' vehicle production
Net income of $5 million
Adjusted EBITDA of $42 million or 6.7% of sales
Visteon
Visteon
Forward Guidance
Visteon's full-year 2021 guidance is being updated to reflect the latest supply chain environment. The company now projects full-year sales in the range of $2.60 billion to $2.65 billion, adjusted EBITDA in the range of $165 million to $175 million, and adjusted free cash flow to be break-even.