Welcome to our dedicated news page for VISTEON CORPORATION (Ticker: VC), a resource for investors and traders seeking the latest updates and insights on VISTEON CORPORATION.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect VISTEON CORPORATION's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of VISTEON CORPORATION's position in the market.
Rhea-AI Summary
Visteon (VC) reported first quarter 2024 financial results with net sales of $933 million, net income of $42 million, adjusted EBITDA of $102 million, and operating cash flow of $69 million. The company won $1.4 billion in new business, launched 26 new products, and ended the quarter with a net cash position of $175 million. Despite a decline in net sales compared to the prior year, Visteon outperformed customer vehicle production volumes by 2%, driven by product launches and growth in electrification products. Adjusted EBITDA margin increased to 10.9% of sales. Visteon's ongoing focus on digitalization and electrification is reflected in its strategic wins in the digital cockpit market, with a strong outlook for full-year 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.33%
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Rhea-AI Summary
Visteon (VC) will release its Q1 2024 financial results on April 25, followed by a conference call for investors. The call will be available via live audio webcast, with dial-in numbers provided. The company's website will host related materials and a replay of the webcast.
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Rhea-AI Sentiment
End-of-Day
-0.48%
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Visteon Corporation (NASDAQ: VC) reported strong fourth quarter and full-year 2023 financial results with $990 million net sales in Q4 and $3,954 million for the full year. Key highlights include $366 million net income in Q4, $486 million for the full year, and adjusted EBITDA of $117 million in Q4 and $434 million for the year. Visteon launched 129 new products and secured $7.2 billion of new business in 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.28%
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Visteon Corporation (Nasdaq: VC) will release its fourth quarter and full-year 2023 financial results on Feb. 20. The company will host a conference call to discuss the results and related matters, accessible to the public via a live audio webcast. The conference call details and related information will be available in the Investors section of Visteon’s website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.25%
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Visteon (VC) to Showcase Groundbreaking Innovations at CES 2024
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-0.85%
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Visteon: Deco Trim Command and Control Display Wins CES 2024 Innovation Award for Vehicle Tech and Advanced Mobility. The display offers design freedom, eliminating bulky buttons with a sleek, configurable control pad that responds to hand gestures. Recognized for cutting-edge technology and seamless design.
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Rhea-AI Sentiment
End-of-Day
1.52%
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Visteon Corporation reports Q3 2023 financial results with sales of $1,014 million, net income of $66 million, and new business wins of $5.8 billion year-to-date. The company's base sales grew 9% and gross margin was $143 million. Visteon updates its guidance for 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.92%
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Visteon Corporation to release Q3 2023 financial results on Oct. 26
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0.93%
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Visteon named finalist for Automotive News PACE Awards for Motorcycle Integrated Cockpit Domain Controller and smartBMS products.
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Rhea-AI Sentiment
End-of-Day
-2.47%
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Visteon Corporation (NASDAQ: VC) reported second quarter financial results, with sales of $983 million, up 18% from the prior year. Net income was $20 million, adjusted net income was $34 million, and adjusted EBITDA was $90 million. The company reiterated full year 2023 guidance and reported $4 billion in new business wins in the first half, including the first new business win in power electronics for electric vehicles.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.91%
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VISTEON CORPORATION
Nasdaq:VC
VC Rankings
VC Stock Data
3.10B
27.10M
1.35%
101.35%
4.04%
Motor Vehicle Gasoline Engine and Engine Parts Manufacturing
Manufacturing
United States of America
VAN BUREN TOWNSHIP
About VC
visteon is a global company that designs, engineers and manufactures innovative cockpit electronics products and connected car solutions for most of the world’s major vehicle manufacturers. visteon is a leading provider of driver information and controls, audio and infotainment, and domain controllers; its brands include lightscape®, openair® and smartcore™. with corporate offices in van buren township, michigan, (u.s.); shanghai, china; and chelmsford, uk; visteon has more than 11,000 employees at 50 facilities in 21 countries. visteon had sales of $2.6 billion in 2014. learn more at www.visteon.com.