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Dec 31, 2022

Visteon Q4 2022 Earnings Report

Visteon reported fourth quarter and full-year 2022 financial results that exceeded its previous outlook.

Key Takeaways

Visteon reported Q4 net sales of $1,064 million, up 35% from prior year. Net income was $34 million, or $1.18 per diluted share. Adjusted EBITDA was $103 million, 9.7% of sales in Q4.

$1,064 million Q4 net sales; up 35% from prior year

Net income of $34 million in Q4 or $1.18 per diluted share

Adjusted EBITDA of $103 million, 9.7% of sales in Q4

45 new products launched for the year

Total Revenue
$1.06B
Previous year: $786M
+35.4%
EPS
$1.32
Previous year: $1.69
-21.9%
Adjusted EBITDA
$103M
Previous year: $92M
+12.0%
Adjusted EBITDA Margin
9.7%
Previous year: 11.7%
-17.1%
Gross Profit
$114M
Previous year: $99M
+15.2%
Cash and Equivalents
$520M
Previous year: $452M
+15.0%
Total Assets
$2.45B
Previous year: $2.23B
+9.7%

Visteon

Visteon

Forward Guidance

Visteon's full-year 2023 guidance anticipates sales in the range of $3.95 billion and $4.15 billion, Adjusted EBITDA in the range of $405 million and $445 million, and Adjusted Free Cash Flow in the range of $115 million and $165 million.