Financial Performance - Visteon reported net sales of $934 million in Q1 2025, a slight increase from $933 million in Q1 2024, achieving a 10% outperformance relative to customer vehicle production[2][3] - Gross margin for the first quarter was $138 million, with net income attributable to Visteon at $65 million, or $2.36 per diluted share[3][16] - Comprehensive income attributable to Visteon Corporation was $84 million in Q1 2025, compared to $28 million in Q1 2024[16] - Visteon Corporation reported a net income of $65 million for the three months ended March 31, 2025, compared to $42 million in the same period of 2024, representing a 55% increase[22] - Adjusted EBITDA for Visteon was $129 million for Q1 2025, up from $102 million in Q1 2024, reflecting a 26.5% growth[22] - Diluted earnings per share rose to $2.36 in Q1 2025 from $1.50 in Q1 2024, indicating a 57.3% increase[26] - Adjusted net income for Visteon was $66 million in Q1 2025, compared to $45 million in Q1 2024, which is a 46.7% increase[26] Cash Flow and Financial Position - Cash from operations was $70 million, with adjusted free cash flow of $38 million, ending the quarter with cash of $658 million and debt of $315 million, resulting in a net cash position of $343 million[4][7] - Free cash flow increased to $35 million in Q1 2025 from $32 million in Q1 2024, marking a 9.4% rise[24] - Adjusted free cash flow also saw an increase, reaching $38 million in Q1 2025 compared to $34 million in Q1 2024, a growth of 11.8%[24] - Cash provided from operating activities was $70 million in Q1 2025, slightly up from $69 million in Q1 2024[24] - The company reported a net cash increase of $32 million in Q1 2025, compared to a decrease of $11 million in Q1 2024[20] - Visteon’s cash, equivalents, and restricted cash at the end of the period stood at $658 million, up from $507 million at the end of Q1 2024[20] Business Development and Operations - Visteon secured $1.9 billion in new business in Q1 2025, including significant wins with OEMs in Asia and the two-wheeler market[5][8] - The company launched 16 new products in Q1 2025, focusing on digital cockpit products and electrification technologies for hybrid and EV models[6][8] Market Outlook - The automotive industry outlook has become uncertain due to evolving tariff dynamics, leading Visteon to not reaffirm full-year 2025 guidance[8][12] Balance Sheet - Total assets as of March 31, 2025, were $2.997 billion, an increase from $2.862 billion at the end of 2024[18] - Total liabilities and equity as of March 31, 2025, were $2.997 billion, reflecting a healthy balance sheet with total stockholders' equity of $1.313 billion[18] Capital Expenditures - Capital expenditures, including intangibles, decreased to $35 million in Q1 2025 from $37 million in Q1 2024[24]

Core Insights - Visteon Corporation reported first quarter net sales of $934 million, a slight increase from $933 million year-over-year, achieving a 10% outperformance relative to customer vehicle production despite a declining production environment [1][7][27] - The company secured $1.9 billion in new business during the first quarter, including significant wins with OEMs in Asia and the two-wheeler market, indicating strong alignment with industry trends [4][6] - Visteon launched 16 new products in the first quarter, primarily focused on digital cockpit products and electrification technologies, showcasing its commitment to innovation [5][6] Financial Performance - Gross margin for the first quarter was $138 million, with net income attributable to Visteon at $65 million or $2.36 per diluted share [2][26] - Adjusted EBITDA for the quarter was $129 million, reflecting operational execution and cost discipline [2][20] - Cash from operations was $70 million, with capital expenditures of $35 million, resulting in adjusted free cash flow of $38 million [3][23] Balance Sheet and Cash Flow - At the end of the first quarter, Visteon had cash of $658 million and debt of $315 million, resulting in a net cash position of $343 million [3][15] - The company’s total assets were reported at $2.997 billion, with total liabilities of $1.600 billion, indicating a healthy balance sheet [15][17] Market Position and Strategy - Visteon's product portfolio includes advanced digital cockpit innovations and integrated EV architecture solutions, positioning the company well for future growth in the automotive industry [6][8] - The company is navigating uncertainties in the automotive industry related to tariffs and production volumes, and has not reaffirmed its full-year 2025 guidance due to these factors [6][8]

Core Insights - TuneIn has partnered with Visteon to integrate its extensive audio content into Visteon's automotive app library, enhancing the in-vehicle experience for drivers [1][3][4] Company Overview - TuneIn is the leading platform for live audio, offering over 100,000 radio stations, millions of podcasts, and 100,000 audiobooks, accessible 24/7 through Visteon's app library [2][6] - Visteon specializes in automotive cockpit electronics and is focused on advancing software-defined mobility through innovative solutions, including a connected services platform for in-vehicle applications [3][7] Partnership Details - The partnership will initially launch in select regions, with plans for broader rollout across additional vehicles and countries, particularly in India and the APAC region [1][3] - This collaboration aims to provide drivers with seamless access to a diverse range of audio content, enhancing their entertainment options while driving [4][6] Market Position - TuneIn boasts over 75 million monthly active users and is available on more than 200 connected devices and automotive brands, including Tesla and Rivian [5][6] - Visteon reported annual sales of approximately $3.87 billion in 2024 and secured $6.1 billion in new business, indicating strong market presence and growth potential [7]

Core Viewpoint - Goldman Sachs analyst Mark Delaney has revised down U.S. auto sales and global production forecasts due to tariff issues and declining consumer demand [1] Auto Sales and Production Forecasts - U.S. auto sales are projected to reach 15.40 million units in 2025 and 15.25 million in 2026, down from previous estimates of 16.25 million and 16.35 million respectively [4] - The proposed tariffs are expected to increase the cost of importing and manufacturing vehicles in the U.S. by a low- to mid-single-digit thousand-dollar level on average [2] Impact on Vehicle Pricing - New vehicle net prices in the U.S. are anticipated to rise by approximately $2,000 to $4,000 over the next 6–12 months due to tariff impacts [3] Company-Specific Ratings and Forecasts - Ford Motor Company: Downgraded from Buy to Neutral with a price forecast of $9, reflecting a tougher cyclical environment and rising tariff-related costs [4][5] - General Motors Company: Maintained a Buy rating with a price forecast of $63, despite a tougher cyclical outlook and increased competition [5][6] - Tesla, Inc.: Neutral rating with a price forecast of $260, acknowledging headwinds from weaker auto demand and tariff-related costs [6][7] - Rivian Automotive, Inc.: Neutral rating with a price forecast of $12, facing risks from reduced U.S. EV policy support [7] Supplier Impact - Tier 1 suppliers like Lear Corporation and Visteon Corporation are downgraded from Buy to Neutral due to high tariff exposure limiting their ability to offset lower industry volumes [8] - Visteon and Lear stocks are facing significant declines, with Visteon shares down 10.5% and Lear shares down 8.89% [9]

Group 1 - Visteon Corporation will release its Q1 2025 financial results on April 24, 2025, before market opens, followed by a conference call at 9 a.m. ET [1] - The conference call will be accessible to the public via live audio webcast, with a replay available shortly after the call [1] - Kris Doyle has been appointed as Vice President of Investor Relations and FP&A, effective immediately [2] Group 2 - Visteon is a leader in automotive cockpit electronics, focusing on innovative technology solutions for a software-defined future [3] - The company reported annual sales of approximately $3.87 billion in 2024 and secured $6.1 billion in new business [3] - Visteon operates in 18 countries and partners with global OEMs to enhance mobility through advanced displays, AI-enhanced software, and integrated EV architecture solutions [3]

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+ ...

Core Insights - Visteon reported quarterly earnings of $4.44 per share, significantly exceeding the Zacks Consensus Estimate of $1.86 per share, representing an earnings surprise of 138.71% [1] - The company posted revenues of $939 million for the quarter ended December 2024, which was 2.05% below the Zacks Consensus Estimate and a decrease from $990 million in the same quarter last year [2] - Visteon has surpassed consensus EPS estimates three times over the last four quarters but has not beaten revenue estimates during that period [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.91, with expected revenues of $941.81 million, while the estimate for the current fiscal year is $8.81 on $4.01 billion in revenues [7] - The trend of estimate revisions for Visteon has been unfavorable, leading to a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Automotive - Original Equipment industry, to which Visteon belongs, is currently ranked in the bottom 41% of over 250 Zacks industries, suggesting potential challenges for stocks in this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Visteon's stock performance [5]

Financial Performance - Visteon reported net sales of $3,866 million for the year ended December 31, 2024, a decrease of 2% compared to $3,954 million in 2023[125]. - Adjusted EBITDA for 2024 was $474 million, representing a 9% increase from $434 million in 2023, driven by strong commercial and cost discipline[125]. - Net income attributable to Visteon Corporation was $274 million in 2024, down from $486 million in 2023, primarily due to a lower deferred tax valuation allowance release[127]. - Adjusted EBITDA for the year ended December 31, 2024, was $474 million, an increase of $40 million compared to 2023[140]. - Net income attributable to Visteon Corporation for 2024 was $274 million, a decrease of $212 million from $486 million in 2023[139]. - Cash generated from operating activities increased to $427 million in 2024, up $160 million from $267 million in 2023[154]. Business Operations - The company launched 95 new products in 2024, contributing to a total of $6.1 billion in new business wins across various product categories[125]. - The gross margin improved to $531 million in 2024, up from $487 million in 2023, reflecting better cost performance and design changes[127]. - Visteon incurred $32 million in restructuring expenses in 2024, up from $5 million in 2023, as part of a global restructuring plan[132]. - Industry vehicle volumes were approximately 89 million units in 2024, showing a modest decline compared to 2023, with expectations of a slight decline in 2025[124]. - The company spent a net cash outlay of $55 million on inorganic growth in 2024, acquiring an advanced design and R&D services firm and a software firm[122]. Shareholder Actions - The company repurchased $169 million of its common stock under a $300 million share repurchase program announced in March 2023[122]. - The company repurchased 647,755 shares at an average price of $97.97, totaling $63 million under the share repurchase program[150]. Cash and Investments - The company had total cash and equivalents of $626 million as of December 31, 2024, with $489 million located outside the U.S.[146]. - Net cash used in investing activities was $189 million in 2024, an increase of $66 million from $123 million in 2023, primarily due to business acquisitions[155]. - The company has committed to invest $20 million in multiple entities focused on the automotive sector, with $13 million already contributed[149]. Tax and Valuation - The company recorded a $313 million income tax benefit related to the partial release of its U.S. valuation allowance as of December 31, 2023[178]. - The company expects a $49 million income tax benefit in 2024, further reducing the U.S. valuation allowance[179]. - The company has been in a substantive three-year U.S. cumulative income position and reported U.S. income for 10 of the past 12 quarters[177]. Risk Management - The company anticipates ongoing risks related to vehicle affordability, economic uncertainty, and geopolitical challenges affecting future production levels[124]. - The company manages market risks through fixed price contracts and derivative instruments, strictly for hedging purposes[186]. - The company may utilize derivative financial instruments to manage foreign currency exchange rate risks, including forward and option contracts[187]. - The company continues to evaluate derivatives available in the marketplace to manage select commodity risks[191]. - The company faces uncertainties related to U.S. trade policies, supply chain disruptions, and changes in the competitive environment[184]. Pension and Discount Rates - The company expects to contribute approximately $12 million to its defined benefit pension plans in 2025[147]. - The weighted average discount rates for U.S. plans decreased from 5.40% in 2023 to 5.09% in 2024, while non-U.S. plans decreased from 5.33% to 5.06%[171]. - A 25 basis point decrease in the discount rate would result in a decrease of $13 million in the funded status of the U.S. plan for 2024[172]. Currency and Exchange Rates - The hypothetical pretax gain or loss from a 10% change in foreign currency exchange rates would be approximately $20 million for 2024[189].

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 ...