Visteon Q3 2022 Earnings Report
Key Takeaways
Visteon reported a 63% year-over-year increase in sales, reaching $1,026 million, driven by new product launches and positive pricing. The company's net income was $44 million, and adjusted EBITDA was $95 million, representing 9.3% of sales. Visteon also secured $5.0 billion in new business wins through the first three quarters.
Sales increased by 63% year-over-year to $1,026 million.
Net income reached $44 million.
Adjusted EBITDA was $95 million, or 9.3% of sales.
Secured $5.0 billion in new business wins through the first three quarters.
Visteon
Visteon
Forward Guidance
Visteon is increasing its full-year 2022 guidance for sales and Adjusted EBITDA as it now anticipates sales in the range of approximately $3.6 – $3.7 billion and Adjusted EBITDA in the range of $325 – $345 million. Additionally, Visteon is now anticipating Adjusted Free Cash Flow in the range of $30 – $70 million.