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Stock impact report

Visteon Announces 2023 Financial Results and 2024 Outlook [Yahoo! Finance]

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: Yahoo! Finance
$990 million net sales in Q4 and $3,954 million for the full year Net 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 year Adjusted EBITDA of $117 million in Q4 and $434 million or 11.0% of sales for the full year Operating cash flow of $267 million and adjusted free cash flow of $150 million for the full year Repurchased $106 million of shares in 2023 Launched 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's base sales grew 1% from the prior year. Base sales performance was driven by the ongoing ramp up of our recent product launches, partially offset by production disrupti Show less Read more
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