Wall Street expects a year-over-year decline in earnings on lower revenues when Visteon (VC) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 18, 2025, might help the stock move higher if these key numbers are better than expecta ...

VAN BUREN TOWNSHIP, Mich., Jan. 23, 2025 (GLOBE NEWSWIRE) -- Visteon Corporation (Nasdaq: VC), a global leader in automotive cockpit electronics, will release its fourth quarter and full-year 2024 financial results before the market opens on Tuesday, Feb. 18. 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 a live audio webcast. The dial-in numbers to participate in the call a ...

Financial Data and Key Metrics Changes - Sales for Q3 2024 were just under $1 billion, reflecting mid-single digit growth over market, despite lower sales in China [4][24] - Adjusted EBITDA was $119 million, with an adjusted EBITDA margin of 12.1% for the quarter [5][25] - Adjusted free cash flow was $73 million for the quarter, bringing the year-to-date total to a record $135 million [5][29] - The company won $1.8 billion in new business during the quarter, totaling $4.9 billion year-to-date [5][12] Business Line Data and Key Metrics Changes - Strong demand for digital cockpit and electrification products drove growth, with digital clusters growing double digits [6][7] - SmartCore sales were lower year-over-year due to decreased sales in China, but grew outside of China [7] - Sales of large displays also grew double digits, supported by launches with major OEMs [6] Market Data and Key Metrics Changes - The Americas and rest of Asia (excluding China) outperformed the market, while Europe slightly underperformed due to slowing EV sales [8][24] - China was a significant headwind, contributing to a 4 percentage point decline in overall growth over market for the quarter [8] Company Strategy and Development Direction - The company aims to diversify its customer base, particularly in Asia, and expand into adjacent markets such as two-wheelers and commercial vehicles [20][21] - Visteon is focusing on advanced design and R&D services to strengthen its product portfolio and maintain competitiveness [21] Management's Comments on Operating Environment and Future Outlook - Management expects to face similar industry dynamics in Q4 as in Q3, with a forecast of 6% market outgrowth for the full year [16][22] - The company remains optimistic about future growth, driven by digitalization and electrification trends [18][22] Other Important Information - The company completed a bolt-on acquisition for $48 million in Q3, prioritizing such acquisitions to enhance capabilities [25][30] - The balance sheet remains strong, with $553 million in cash and a net cash position of $229 million [12][25] Q&A Session Questions and Answers Question: Cluster growth specifics - Management noted that digitalization continues to drive growth in clusters, with double-digit growth outside of China [34][35] Question: Net R&D and engineering costs - The company has maintained a cost-effective engineering organization, with improvements in recoveries contributing to better-than-expected outcomes [37][39] Question: Customer production outlook - Management indicated that customer production is expected to be down mid-single digits in Q4, with softness noted particularly in Europe [45][46] Question: Competitive landscape for SmartCore - The company sees segmentation in technology, with opportunities in both premium and mass market segments, and emphasizes the importance of winning hardware specific to the domain controller [62]

Visteon (VC) came out with quarterly earnings of $2.26 per share, beating the Zacks Consensus Estimate of $1.89 per share. This compares to earnings of $2.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 19.58%. A quarter ago, it was expected that this auto parts supplier would post earnings of $1.96 per share when it actually produced earnings of $2.54, delivering a surprise of 29.59%.Over the last four quarters, the compan ...

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 September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | --- | |------------------------|-------------------------------------------------------------------------------------------------------|------------- ...

Exhibit 99.1 NEWS RELEASE Visteon Announces Third Quarter 2024 Results VAN BUREN TOWNSHIP, Mich., October 24, 2024 — Visteon Corporation (NASDAQ: VC) today reported third quarter financial results. Highlights include: 1 • 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 • New business wins of $4.9 billion year-to-date • Net cash of $229 million ...

VAN BUREN TOWNSHIP, Mich., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ: VC) today reported third quarter financial results. Highlights include: Sales of $980 million with Growth-over-Market of 6%1Net income of $39 million and adjusted net income of $63 millionAdjusted EBITDA of $119 millionLaunched 30 new products in the quarter and 71 year-to-dateNew business wins of $4.9 billion year-to-dateNet cash of $229 million at quarter end Visteon reported solid net sales of $980 million in a chal ...

VAN BUREN TOWNSHIP, Mich., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Visteon Corporation (Nasdaq: VC), a global technology company serving the mobility industry, will release its third quarter 2024 financial results before the market opens on Thursday, Oct. 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 a live audio webcast. The dial-in numbers to participate in the call are: U. ...

Visteon Corporation (NASDAQ:VC) Q2 2024 Earnings Conference Call July 25, 2024 9:00 AM ET Company Participants Ryan Wentling - Vice President of Investor Relations & Treasurer Sachin Lawande - President & Chief Executive Officer Jerome Rouquet - Senior Vice President & Chief Financial Officer Conference Call Participants Luke Junk - Baird Mark Delaney - Goldman Sachs Ron Jewsikow - Guggenheim John Babcock - Bank of America Dan Levy - Barclays Shreyas Patil - Wolfe Research Ryan Wentling Good morning. I'm R ...

Visteon Q2 2024 Earnings July 25, 2024 Q2 2024 in Review Net Sales $1,014 Million 9% Growth-over-Market(1) 13.4% Margin $181 Million Net Cash $136 Million $28 Million Adjusted EBITDA Adjusted FCF Delivered high single-digit growth-over-market DELIVERING ON GROWTH Record base sales performance(2) 270 bp y/y improvement in adj. EBITDA margin(3) EXPANDING OUR PROFITABILITY WINNING SIGNIFICANT NEW BUSINESS $1.7 billion of new business wins EXECUTING ON PRODUCT LAUNCHES 15 new product launches DIVERSIFYING CUSTO ...