Visteon (VC) Q2 2025 Earnings Call July 24, 2025 09:00 AM ET Company ParticipantsKristopher Doyle - VP - IR & FP&ASachin Lawande - President,CEO & DirectorJerome Rouquet - Senior VP & CFOMark Delaney - US Autos & Industrial TechJoseph Spak - Managing DirectorConference Call ParticipantsItay Michaeli - Equity AnalystEmmanuel Rosner - Managing Director - Senior Autos & Auto Technology AnalystColin Langan - Automotive & Mobility AnalystLuke Junk - Senior Research AnalystOperatorThank you for standing by. My na ...

Visteon Q2 2025 Earnings July 24, 2025 Q2 2025 in Review Another quarter of strong financial results and progress towards our long-term goals $969 Million Net Sales $134 Million Adjusted EBITDA $67 Million Adjusted FCF (1%) Growth-over-Market* 13.8% Margin $361 Million Net Cash Reinstating and raising full-year financial guidance and initiating quarterly dividend BALANCE SHEET ENABLES FLEXIBLE CAPITAL ALLOCATION CONTINUED OPERATIONAL DISCIPLINE Launched 21 new products and expanded margins STRATEGIC INITIAT ...

Visteon (VC) 2025 Conference June 12, 2025 09:00 AM ET Speaker0 Good morning, everyone. My name is Edison Yu. I lead the US Auto's Equity Research here. We have the pleasure of welcoming Visteon, Jerome Roquet, CFO to the conference. Just to provide a little bit of context, Visteon is a global leading tier one supplier of vehicle cockpit solutions ranging from instrument clusters to displays to main controllers. For those of you who are not as familiar, Visteon generated nearly $3,900,000,000 in sales last ...

Financial Data and Key Metrics Changes - Net sales for the first quarter of 2025 were $934 million, essentially flat compared to the prior year, but outperformed underlying customer production volumes, equating to a growth over market of 10% [6][41] - Adjusted EBITDA was $129 million, representing a margin of 13.8%, marking a record for the company [6][38] - Adjusted free cash flow was $38 million, driven by solid EBITDA performance [6][48] - The company maintained one of the strongest balance sheets in the industry, ending the quarter with $658 million in cash and a net cash balance of $343 million [50][63] Business Line Data and Key Metrics Changes - The display product line was a standout, growing 50% despite overall customer production volumes being down mid-single digits [44] - New business wins totaled $1.9 billion for the quarter, led by displays and digital cluster product wins [8][21] - The company secured significant contracts with major OEMs, including a new digital cluster business with Toyota and a large cockpit display with Cherry [13][23] Market Data and Key Metrics Changes - Industry production volumes increased by 1% in Q1, while production at top customers decreased by 4% on a revenue-weighted basis [17] - Sales growth was driven by The Americas and Europe, with strong performance in commercial vehicles and new product launches [18][42] - In China, the company experienced a year-over-year decline in sales due to market share loss of global OEMs and lower domestic OEM sales [19][41] Company Strategy and Development Direction - The company's strategy focuses on product and customer expansion, particularly in faster-growing technology domains in automotive [10] - Visteon aims to capitalize on the trend of software-defined vehicles and the increasing demand for larger displays [11][12] - The company is strategically expanding its business with targeted growth customers in Asia and enhancing its presence in the two-wheeler market [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating potential tariff-related headwinds and emphasized the importance of maintaining a strong balance sheet [9][36] - The company is not reaffirming full-year guidance due to uncertainties created by tariffs, but remains optimistic about long-term growth prospects [51][67] - Management highlighted the importance of working closely with customers to mitigate tariff impacts and maintain operational stability [61][63] Other Important Information - The company has paused share repurchase activities to focus on cash preservation amid tariff uncertainties [39][63] - Visteon is actively exploring technology-accretive acquisitions as part of its capital allocation strategy [64] Q&A Session Summary Question: Impact of tariffs on supply chain and customer discussions - Management stated that they have not been impacted by tariffs yet and are working constructively with customers to reduce exposure [73][74] Question: Current engagement environment for new vehicle designs - Management indicated that the engagement environment remains stable, with robust new business activity expected throughout the year [80][81] Question: Production schedules and inventory management - Management noted no meaningful pull ahead from customers, with stable order scenarios observed [87][88] Question: Supply chain cost impacts - Management confirmed no significant increases in supplier costs, attributing stability to diversified supply bases [91][92] Question: New business wins and future revenue acceleration - Management expressed confidence in exceeding the $6 billion target for new business wins, supported by a strong pipeline [150][156] Question: Strategy in China and customer mix - Management outlined a strategy to work with both domestic and global OEMs, expecting gradual recovery in the Chinese market [121][124]

Visteon (VC) Q1 2025 Earnings Call April 24, 2025 09:00 AM ET Company Participants Kristopher Doyle - VP, IR and FP&ASachin Lawande - President and Chief Executive OfficerJerome Rouquet - SVP & CFOJoseph Spak - Managing DirectorRonald Jewsikow - Director Conference Call Participants Mark Delaney - AnalystDan Levy - Senior Equity Research AnalystEmmanuel Rosner - Managing Director - Senior Autos & Auto Technology AnalystColin Langan - Automotive & Mobility AnalystItay Michaeli - Equity AnalystLuke Junk - Sen ...