Visteon Q3 2023 Earnings Report
Key Takeaways
Visteon's third quarter 2023 results showed a solid performance with sales of $1,014 million and base sales growth of 9%. The company achieved net income of $66 million and adjusted EBITDA of $128 million. Visteon also updated its full-year 2023 guidance to reflect strong year-to-date performance and market outlook.
Sales reached $1,014 million, with a base sales growth of 9%.
The company marked its 18th consecutive quarter of growth-over-market.
Net income was reported at $66 million, equating to $2.32 per diluted share.
Adjusted EBITDA stood at $128 million.
Visteon
Visteon
Forward Guidance
Visteon is updating its full-year 2023 guidance and anticipates sales in the range of $3.950 – $4.025 billion, adjusted EBITDA in the range of $415 – $445 million, and adjusted free cash flow in the range of $115 – $165 million.