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Sep 30, 2024
Visteon Q3 2024 Earnings Report
Reported solid sales and growth-over-market, demonstrating ability to navigate a challenging customer production environment.
Key Takeaways
Visteon reported solid net sales of $980 million with 6% growth-over-market. Net income was $39 million, and adjusted EBITDA reached $119 million. The company launched 30 new products and secured $4.9 billion in new business year-to-date, ending the quarter with a net cash position of $229 million.
Sales of $980 million with Growth-over-Market of 6%.
Net income of $39 million and adjusted net income of $63 million.
Adjusted EBITDA of $119 million.
Launched 30 new products in the quarter and 71 year-to-date.
Visteon
Visteon
Forward Guidance
Visteon is updating its full-year 2024 guidance and anticipates sales in the range of $3.85 – $3.90 billion, adjusted EBITDA in the range of $465 – $480 million, and adjusted free cash flow in the range of $165 – $185 million.