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Dec 31, 2023
Visteon Q4 2023 Earnings Report
Visteon reported Q4 2023 financial results, featuring net sales of $990 million and net income of $366 million, including a $313 million non-cash U.S. tax benefit.
Key Takeaways
Visteon's Q4 2023 results showed a decrease in net sales to $990 million compared to the previous year, primarily due to lower recoveries from improved semiconductor supply. Net income was $366 million, which included a significant non-cash tax benefit. Adjusted EBITDA increased to $117 million, reflecting strong operating performance and cost discipline.
Net sales reached $990 million.
Net income was $366 million, including a $313 million non-cash U.S. tax benefit.
Adjusted EBITDA totaled $117 million.
Base sales grew 1% from the prior year, driven by product launches, offset by OEM production disruptions.
Forward Guidance
Visteon's full-year 2024 guidance anticipates sales in the range of $4.0 billion to $4.2 billion, adjusted EBITDA in the range of $470 million to $500 million, and adjusted free cash flow in the range of $155 million to $185 million.
Positive Outlook
- Sales in the range of $4.0 billion to $4.2 billion
- Adjusted EBITDA in the range of $470 million to $500 million
- Adjusted free cash flow in the range of $155 million to $185 million
- Continued growth in 2024
- Focus on execution, cost control, and cash flow generation
Challenges Ahead
- Continued and future impacts related to the conflict between Russia and the Ukraine including supply chain disruptions, reduction in customer demand, and the imposition of sanctions on Russia
- Significant or prolonged shortage of critical components from suppliers, including but not limited to semiconductors, and particularly those who are sole or primary sources
- Failure of the Company’s joint venture partners to comply with contractual obligations or to exert undue influence in China
Historical Earnings Impact
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Avg. Return Before/After Earnings
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