Visteon(VC)

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Visteon and Qualcomm Redefine Next-Generation AI-based Intelligent Cockpit Experience
Prnewswire· 2025-04-25 00:00
Core Viewpoint - Visteon Corporation and Qualcomm Technologies have announced a technology collaboration to develop a high-performance cockpit system that leverages AI-driven insights to enhance in-vehicle interactions and create a more intelligent cockpit experience [1][2][8] Company Overview - Visteon Corporation is focused on advancing mobility through innovative technology solutions, aiming for a software-defined future with a product portfolio that includes digital cockpit innovations and AI-enhanced software solutions [8][9] - In 2024, Visteon recorded annual sales of approximately $3.87 billion and secured $6.1 billion in new business [9] Technology Collaboration - The collaboration aims to integrate Visteon's cognitoAI framework with Qualcomm's Snapdragon Cockpit Elite Platform, featuring a hybrid multimodal AI architecture that utilizes speech, camera inputs, and vehicle data for context-aware interactions [3][4][5] - The Snapdragon Cockpit Elite Platform includes advanced components such as the Qualcomm Oryon CPU, Hexagon NPU for multimodal AI, and Adreno GPU, designed to support rich multimedia features and automotive safety standards [4][6] AI Capabilities - Visteon's cognitoAI is designed to create an immersive in-cabin experience by integrating vehicle knowledge and ECU data, enabling real-time decision-making and next-generation human-machine interface (HMI) interactions [5][8] - The AI solution is optimized for edge inference, allowing it to handle complex tasks like predictive recommendations and environmental awareness efficiently [3][5] Industry Impact - The collaboration is expected to set a new standard for automotive technology, driving innovation in the industry and enhancing the overall user experience in vehicles [2][6]
Visteon(VC) - 2025 Q1 - Earnings Call Transcript
2025-04-24 22:22
Visteon Corporation (NASDAQ:VC) Q1 2025 Earnings Conference Call April 24, 2025 9:00 AM ET Company Participants Kris Doyle - Vice President, Investor Relations Sachin Lawande - President & Chief Executive Officer Jerome Rouquet - Senior Vice President & Chief Financial Officer Conference Call Participants Mark Delaney - Goldman Sachs Dan Levy - Barclays Joe Spak - UBS Emmanuel Rosner - Wolfe Research Colin Langan - Wells Fargo Bank Itay Michaeli - TD Cowen Luke Junk - Baird Tom Narayan - RBC Ron Jewsikow - ...
Visteon(VC) - 2025 Q1 - Quarterly Report
2025-04-24 11:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 ________________ FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 Commission file number 001-15827 VISTEON CORPORATION (Exact name of registrant as specified in its charter) State of Delaware 38-3519512 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer One Village Center Drive, Van Buren Township, Mich ...
Visteon(VC) - 2025 Q1 - Quarterly Results
2025-04-24 11:00
Exhibit 99.1 NEWS RELEASE Visteon Announces First Quarter 2025 Financial Results VAN BUREN TOWNSHIP, Mich., April 24, 2025 — Visteon Corporation (NASDAQ: VC) today reported first quarter financial results. Highlights include: Visteon launched 16 new products in the first quarter driven primarily by mass market adoption of digital cockpit products and flexible BMS technology that enabled launches of electrification products on both hybrid and EV models. Key first quarter launches include an infotainment syst ...
Visteon Announces First Quarter 2025 Financial Results
Prnewswire· 2025-04-24 10:55
VAN BUREN TOWNSHIP, Mich., April 24, 2025 /PRNewswire/ -- Visteon Corporation (NASDAQ: VC) today reported first quarter financial results. Highlights include: Sales of $934 million with Growth-over-Market of 10%1 Net income of $65 million Adjusted EBITDA of $129 million Operating cash flow of $70 million and adjusted free cash flow of $38 million Healthy balance sheet with net cash of $343 million at quarter end New business wins of $1.9 billion and 16 new product launchesFirst Quarter ResultsVisteon repor ...
TuneIn Partners with Visteon to Continue Global In-Vehicle Availability Expansion
Newsfilter· 2025-04-15 12:31
SAN FRANCISCO, April 15, 2025 (GLOBE NEWSWIRE) -- TuneIn, the world's leader in live audio, today announced a new partnership with Visteon, a global leader in automotive cockpit electronics, to integrate TuneIn's comprehensive selection of global radio stations and podcasts into Visteon's automotive app library. As part of the partnership, TuneIn will initially launch in select regions, with plans to roll out to additional vehicles and countries. TuneIn offers the largest catalog of live radio, podcasts and ...
Visteon To Announce First Quarter 2025 Results on April 24
Prnewswire· 2025-04-09 12:00
SOURCE Visteon Corporation VAN BUREN TOWNSHIP, Mich., April 9, 2025 /PRNewswire/ -- Visteon Corporation (Nasdaq: VC), a global leader in automotive cockpit electronics, will release its first quarter 2025 financial results before the market opens on Thursday, April 24. The company will host a conference call for the investment community at 9 a.m. ET to discuss the results and related matters. The conference call is also available to the public via live audio webcast. The dial-in numbers to participate in th ...
Visteon(VC) - 2024 Q4 - Earnings Call Transcript
2025-02-18 19:35
Financial Data and Key Metrics Changes - Visteon reported sales of $3.87 billion for 2024, with record adjusted EBITDA of $474 million and adjusted free cash flow of $300 million, indicating strong financial performance [5][49][52] - Adjusted EBITDA margin reached a record 12.3%, a 130 basis point improvement compared to the previous year [8][51] - Adjusted free cash flow for Q4 was a record $165 million, contributing to the annual total of $300 million [46][52] Business Line Data and Key Metrics Changes - The product portfolio is aligned with trends in digitalization, software-defined vehicles, and electrification, with strong demand for SmartCore, large displays, and digital clusters [6][10] - New business wins totaled $6.1 billion in 2024, driven by demand for large displays and SmartCore products [7][14] - The company launched 95 new products in 2024, with significant contributions from digital clusters and electrification products [13][20] Market Data and Key Metrics Changes - In the Americas, Visteon outperformed the market by double digits, while in Europe, the outperformance was mid-single digits [6][42] - In Asia, robust demand for large displays and SmartCore drove mid-single-digit market output, although performance in China was muted due to market headwinds [6][32] - The company secured significant new business with OEMs from Japan, Korea, and India, accounting for about 40% of total wins [15][16] Company Strategy and Development Direction - Visteon's strategy focuses on addressing fast-growing automotive technology domains, with a commitment to innovation and enhancing the product portfolio [20][21] - The company aims to expand its customer base and diversify into adjacent markets, particularly in Asia [20][66] - Continued investment in vertical integration and in-house manufacturing capabilities is a priority to optimize costs and drive innovation [25][26] Management's Comments on Operating Environment and Future Outlook - Management expects customer vehicle production to decline slightly in 2025, with a mid-single-digit decline anticipated for Visteon's customers [30][58] - Despite headwinds, the company forecasts mid to high single-digit growth over the market in 2025, driven by new product launches [31][32] - The outlook for 2026 and 2027 includes expectations for sales growth in line with S&P Global forecasts, with a target of $4.15 billion in sales by 2027 [34][64] Other Important Information - The company deployed $55 million to M&A and $63 million to share repurchases in 2024, maintaining a balanced capital allocation approach [28][55] - Visteon is actively working to mitigate potential impacts from evolving tariff situations [56] Q&A Session Summary Question: Growth opportunities with Asian OEMs - Management indicated that Asian OEMs have historically been underrepresented in revenue but expect significant growth, potentially doubling their share by 2027 [77][78] Question: Customer mix dynamics and outlook for China - Management explained that customer mix was a headwind in 2024 but is expected to improve in 2025, with a moderation of sales decline in China anticipated [80][87] Question: SmartCore bookings and future revenue expectations - SmartCore bookings increased significantly in 2024, and management remains optimistic about reaching $1 billion in revenue by 2026, despite market fluctuations [91][92] Question: 2025 revenue outlook and market dynamics - Management acknowledged that their forecast may appear conservative compared to some OEMs' expectations, but they are basing their outlook on S&P Global's data [108][110] Question: Portfolio allocation and M&A strategy - Management emphasized a focus on adding assets rather than divesting, aiming to capture market share through strategic acquisitions [115][118] Question: 2027 sales target and drivers of change - Management identified China and electrification as major factors impacting the revised sales target for 2027, with a significant loss of revenue share in China noted [123][124]
Visteon(VC) - 2024 Q4 - Earnings Call Presentation
2025-02-18 15:43
Visteon Q4 & Full-Year 2024 Earnings Expanding our leadership in digital cockpit and electrification electronics $3,866 Million Robust Net Sales $474 Million Record Adjusted EBITDA $300 Million Record Adjusted FCF +4% Growth-over-Market(1) 12.3% Margin $307 Million Net Cash BALANCED CAPITAL ALLOCATION STRATEGY Deployed >$100 million to M&A and share repurchases FOCUS ON OPERATIONAL EXCELLENCE Launched 95 new products and expanded margins by 130 bps DISPLAYS AND SMARTCORE LEAD NEW BUSINESS WINS Delivered $6+ ...
Visteon (VC) Beats Q4 Earnings Estimates
ZACKS· 2025-02-18 14:06
Visteon (VC) came out with quarterly earnings of $4.44 per share, beating the Zacks Consensus Estimate of $1.86 per share. This compares to earnings of $13.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 138.71%. A quarter ago, it was expected that this auto parts supplier would post earnings of $1.89 per share when it actually produced earnings of $2.26, delivering a surprise of 19.58%.Over the last four quarters, the comp ...