Visteon Corporation reports developments in automotive cockpit electronics, software-defined vehicle platforms, and financial performance. The company supplies global original equipment manufacturers with digital instrument clusters, displays, infotainment systems, telematics, SmartCore™ high-performance compute, AI-enhanced software, and integrated EV architecture solutions.
Company news commonly covers quarterly and annual results, new business wins, product launches, shareholder returns, and technology collaborations tied to AI navigation, edge-to-cloud vehicle software, and centralized cockpit computing across passenger vehicles, commercial transportation, and two-wheelers.
Visteon Corporation reported Q1 net sales of $746 million, a 14% year-over-year increase excluding currency effects. The company achieved a net income of $16 million or $0.56 per diluted share. Adjusted EBITDA rose to $64 million, representing 8.6% of sales. Notably, Visteon secured $1.8 billion in new business, including its first microZone™ display technology win. Cash from operations was $11 million with a strong cash position of $486 million against $349 million in debt.
Visteon Corporation (Nasdaq: VC) will announce its first-quarter 2021 financial results on April 29 at 7 a.m. ET, followed by a conference call at 9 a.m. ET. This call is accessible to the public via a live audio webcast. Investors can participate using specific dial-in numbers provided in the announcement. The replay of the call will be available for one week. Visteon focuses on automotive electronics, reporting approximately $2.5 billion in sales and booking $4.6 billion in new business in 2020. The company aims to enhance the driving experience through innovative technology solutions.
Visteon Corporation (NASDAQ: VC) reported Q4 net sales of $787 million, marking a 5% year-over-year increase excluding currency effects. Net income stood at $18 million, or $0.64 per diluted share, with adjusted net income of $30 million or $1.06 per diluted share. The company secured $1.4 billion in new business wins and launched 11 new products. For 2021, Visteon projects sales between $2.875 billion and $3.025 billion, anticipating a 16% increase in sales year-over-year. Adjusted EBITDA is expected to be between $230 million and $270 million.
Visteon Corporation (Nasdaq: VC), alongside ECARX and Qualcomm Technologies, announced their collaboration to develop intelligent cockpit solutions for vehicles starting in 2021. This initiative utilizes Visteon's SmartCore™ cockpit controller based on Qualcomm's 3rd Generation Snapdragon™ Automotive Cockpit Platforms. The first application targets the Asia Pacific region. Visteon's President and CEO, Sachin Lawande, emphasized the importance of enhancing user experience through complex human interfaces, calling digital content the 'battleground' for OEMs.
Visteon Corporation (Nasdaq: VC) will release its fourth-quarter and full-year 2020 financial results before 7 a.m. ET on February 18, 2021. A conference call for investors is scheduled at 9 a.m. ET to discuss the results, which will also be accessible to the public via a live webcast. Dial-in numbers for participation are provided, and a replay will be available post-call. Visteon specializes in automotive electronics and innovative connected car solutions, reporting approximately $3 billion in sales in 2019.
Visteon Corporation (Nasdaq: VC) will participate in the Barclays 2020 Global Automotive Conference on Nov. 18, 2020. The session, featuring CEO Sachin Lawande and CFO Jerome Rouquet, starts at 8:40 a.m. ET and will last about 35 minutes. A live audio webcast will be available on Visteon's website, with a replay following the event.
Visteon, based in Van Buren Township, Michigan, specializes in cockpit electronics and innovative vehicle solutions. In 2019, the company reported sales of approximately $3 billion.
Visteon Corporation (Nasdaq: VC), a global leader in vehicle cockpit electronics, will present at the Baird 2020 Global Industrial Conference on November 12, 2020. The presentation will begin at 8:30 a.m. ET, featuring CEO Sachin Lawande and CFO Jerome Rouquet for approximately 30 minutes, including a Q&A session. Investors can access the live audio webcast and related materials on Visteon's website. Visteon specializes in innovative cockpit technologies and reported sales of about $3 billion in 2019, with a workforce of around 10,000 across 40 facilities worldwide.
Visteon Corporation (NASDAQ: VC) reported Q3 net sales of $747 million, reflecting a 3% year-over-year increase when excluding currency impact. The company achieved a net income of $6 million, or $0.21 per diluted share, and an adjusted net income of $38 million, or $1.36 per diluted share, after restructuring charges. With $1.5 billion in new business wins, Visteon launched a record 23 new products in the quarter. The firm repaid $400 million on its revolving credit facility, ending the quarter with a net cash position of $87 million.
Visteon Corporation (Nasdaq: VC) will release its third-quarter 2020 financial results on October 29, 2020, before 7 a.m. ET. A conference call will follow at 9 a.m. ET to discuss these results, accessible to the public via a live audio webcast. Interested participants can join the call using the provided dial-in numbers. A replay will be available for a week post-conference. Visteon is a leading global technology company specializing in cockpit electronics and connected car solutions, with approximately $3 billion in sales in 2019.
Visteon Corporation (Nasdaq: VC), a major player in vehicle cockpit electronics, will participate in the RBC Capital Markets Virtual Global Industrials Conference on September 15, 2020. The discussion, featuring CEO Sachin Lawande and CFO Jerome Rouquet, starts at 10:40 a.m. ET, expected to last about 30 minutes. A live audio webcast and related materials will be available on Visteon's website, with a replay accessible post-event. Visteon reported sales of approximately $3 billion in 2019 and employs roughly 10,000 people across 40 facilities worldwide.