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Stock impact report

Visteon Announces First-Quarter 2020 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
Net sales of $643 millionNet loss of $35 million, including $33 million of restructuring chargesAdjusted EBITDA of $33 millionAwarded $800 million in new businessAvailable cash of $825 million; no near-term debt maturities VAN BUREN TOWNSHIP, Mich., April 30, 2020 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ: VC) today announced first-quarter 2020 results, reporting net loss attributable to Visteon of $35 million or $1.25 loss per diluted share, compared with net income of $14 million or $0.49 earnings per diluted share in the first-quarter of 2019. First-quarter 2020 net loss includes a $33 million charge the company took in respect to its recently announced restructuring programs as it continues to streamline its operations. First-quarter 2020 net sales were $643 million, compared with $737 million in the first-quarter of 2019. The decrease of $94 million is primarily due to the impacts of COVID-19. Gross margin for the first-quarter of 2020 was $53 million, compa Show less Read more
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