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Dec 31, 2019
Visteon Q4 2019 Earnings Report
Visteon reported an increase in fourth-quarter sales and adjusted EBITDA, driven by next-generation digital cockpit solutions.
Key Takeaways
Visteon Corporation announced its fourth-quarter and full-year 2019 financial results. The company reported Q4 sales of $744 million, a 7% growth-over-market, and a net income of $35 million. Adjusted EBITDA for the quarter was $85 million.
Sales of $744 million in fourth quarter
7% growth-over-market in the fourth-quarter
Net income of $35 million in fourth quarter
Adjusted EBITDA of $85 million in fourth quarter
Visteon
Visteon
Forward Guidance
Visteon projects full-year 2020 sales in the range of $3.0 billion to $3.1 billion, adjusted EBITDA in the range of $250 million to $270 million, and adjusted free cash flow in the range of $40 million to $60 million. The full-year guidance does not include any impact from the coronavirus.
Positive Outlook
- Sales in the range of $3.0 billion to $3.1 billion
- Adjusted EBITDA in the range of $250 million to $270 million
- Adjusted free cash flow in the range of $40 million to $60 million
Challenges Ahead
- Global vehicle production volumes to further decline by approximately 3%
- Anticipating another challenging year for the automotive industry
- Full-year guidance does not include any impact from the coronavirus