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Stock impact report

Visteon Announces Fourth-Quarter and Full-Year 2019 Financial 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 $2,945 million ($744 million in fourth quarter)  • 7% growth-over-market in fourth quarter 1Net income of $70 million ($35 million in fourth quarter)Adjusted EBITDA of $234 million ($85 million in fourth quarter)Awarded $6.1 billion in new business VAN BUREN TOWNSHIP, Mich., Feb. 20, 2020 (GLOBE NEWSWIRE) -- Visteon Corporation (Nasdaq: VC) today announced full-year 2019 results. Sales were $2,945 million, compared with $2,984 million in 2018. The decrease of $39 million is primarily due to lower vehicle production volumes and the negative impact of currency, customer pricing and product mix, partially offset by new product launches and product updates. Net income attributable to Visteon was $70 million or $2.48 per diluted share and net cash provided from operating activities was $183 million. New business wins in 2019 were $6.1 billion, driven by digital clusters, multi-display modules, Android-based infotainment systems, cockpit domain controllers and battery managemen Show less Read more
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