Visteon Announces 2023 Financial Results and 2024 Outlook
Visteon Corporation (VC)
Last visteon corporation earnings: 4/30 06:55 am
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Source: GlobeNewswire
VAN BUREN TOWNSHIP, Mich., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ: VC) today reported fourth quarter and full-year 2023 financial results. Highlights include: $990 million net sales in Q4 and $3,954 million for the full yearNet income of $366 million including a $313 million non-cash U.S. tax benefit in Q4, and net income of $486 million for the full yearAdjusted EBITDA of $117 million in Q4 and $434 million or 11.0% of sales for the full yearOperating cash flow of $267 million and adjusted free cash flow of $150 million for the full yearRepurchased $106 million of shares in 2023Launched 129 new products and won $7.2 billion of new business in 2023 Fourth Quarter Financial Results Visteon reported net sales of $990 million compared to $1,064 million in the fourth quarter of last year. The decline in net sales was primarily due to lower recoveries resulting from improved semiconductor supply in 2023. When excluding the impact of these recoveries, Visteon'
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- Visteon Co. (NASDAQ: VC) had its price target lowered by analysts at Robert W. Baird from $140.00 to $137.00. They now have an "outperform" rating on the stock.MarketBeat
- Visteon Co. (NASDAQ: VC) was upgraded by analysts at Wells Fargo & Company from an "underweight" rating to an "equal weight" rating. They now have a $108.00 price target on the stock, up previously from $106.00.MarketBeat
- Visteon Announces First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Visteon Announces First Quarter 2024 Financial ResultsGlobeNewswire
- Will Visteon (VC) Beat Estimates Again in Its Next Earnings Report? [Yahoo! Finance]Yahoo! Finance
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