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Stock impact report

Visteon Announces First-Quarter 2019 Results

Visteon Corporation (VC) 
Last visteon corporation earnings: 4/30 06:55 am Check Earnings Report
US:NYSE Investor Relations: visteon.com/investors
Company Research Source: GlobeNewswire
Sales of $737 millionNet income of $14 millionAdjusted EBITDA of $41 millionAwarded $1.4 billion in new business; one-third for electric vehicles Driven by digital clusters, displays and SmartCore™Won first battery management system for electric vehiclesExpanded business in commercial vehicle segment VAN BUREN TOWNSHIP, Mich., April 25, 2019 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ: VC) today announced first-quarter 2019 results, reporting net income attributable to Visteon of $14 million or $0.49 per diluted share, compared with $65 million or $2.11 per diluted share in the first quarter of 2018. First-quarter 2019 sales were $737 million, compared with $814 million in the first quarter of 2018. The decrease of $77 million is primarily due to unfavorable vehicle production volumes, customer pricing net of design changes, and unfavorable currency, partially offset by new business. Gross margin for the first quarter of 2019 was $66 million, compared with $129 million in th Show less Read more
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