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Visteon Corp (VC) is a leading global automotive technology provider specializing in advanced cockpit electronics and connected vehicle solutions. This news hub offers investors and industry professionals timely updates on the company's strategic developments, product innovations, and market positioning within the evolving automotive electronics sector.
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Visteon (Nasdaq: VC), a global technology company serving the mobility industry, has announced it will release its third quarter 2024 financial results before the market opens on Thursday, Oct. 24. The company will host a conference call for investors at 9 a.m. ET to discuss the results and related matters.
The conference call will be accessible to the public via a live audio webcast. Dial-in numbers for participation are provided: U.S./Canada Toll-Free: 1-888-330-2508, International Toll: 1-240-789-2735, with Conference ID: 8897485. Participants are advised to dial in approximately 10 minutes before the start of the conference.
All related materials, including the news release, presentation materials, and other supplemental information, will be available in the Investors section of Visteon's website. A replay of the webcast will be made available on the company's website shortly after the call.
Visteon (NASDAQ: VC) reported strong Q2 2024 financial results, with sales of $1,014 million, representing a Growth-over-Market of 9%. The company achieved a net income of $71 million and a record Adjusted EBITDA of $136 million. Visteon launched 41 new products across 17 OEMs in the first half and won $3.1 billion in new business. Key highlights include:
- Gross margin of $147 million
- Net income per diluted share of $2.54
- Adjusted EBITDA margin of 13.4%, up 420 basis points YoY
- Strong balance sheet with net cash of $181 million
- Updated full-year 2024 guidance: sales of $3.85-$3.95 billion, adjusted EBITDA of $455-$475 million
Visteon (Nasdaq: VC) announced it will release its second quarter 2024 financial results on July 25, before market opening. The company, a significant player in the global mobility technology sector, will host a conference call at 9 a.m. ET to discuss the results. The call will be accessible to the investment community and the general public via a live audio webcast. U.S. and Canadian participants can dial in toll-free at 1-888-330-2508, while international participants can use 1-240-789-2735 with Conference ID 8897485. Presentation materials and supplemental information will be available on Visteon's Investor section of the website. A replay of the webcast will be available shortly after the event.