Visteon Corp Stock Price, News & Analysis

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.

Visteon Corporation (Nasdaq: VC), a global leader in vehicle cockpit electronics, will participate in the Citi 2020 Global Technology Conference on September 9, 2020. President and CEO Sachin Lawande, alongside CFO Jerome Rouquet, will present at 8:55 a.m. ET, followed by a Q&A session lasting approximately 45 minutes. The event will be accessible via Visteon’s website with a replay available post-event. Visteon focuses on innovative cockpit technology and connected car solutions, generating around $3 billion in sales in 2019.

Visteon Corporation (Nasdaq: VC), an auto cockpit electronics supplier, will present at the 2020 J.P. Morgan Virtual Auto Conference on Aug. 11, starting at 11:40 a.m. ET. President and CEO Sachin Lawande and CFO Jerome Rouquet will lead a 30-minute presentation followed by a Q&A session. A live audio webcast of the event will be available on Visteon’s website, with a replay accessible afterward. Visteon focuses on innovative cockpit electronics and connected car solutions, aiming to enhance safety and user experience, with sales of approximately $3 billion in 2019.

Visteon Corporation reported second-quarter 2020 net sales of $371 million, a 48% decline year-over-year excluding currency impacts. The company's sales outpaced customer production by five percentage points. Despite the downturn, Visteon launched 21 new products and secured $1.7 billion in new business year-to-date. However, the company faced a net loss of $45 million and an adjusted EBITDA loss of $3 million. Visteon maintains a cash position of $759 million against $770 million debt, with no significant near-term maturities.

Visteon Corporation (Nasdaq: VC) will announce its second-quarter 2020 financial results before 7 a.m. ET on July 30, 2020. A conference call for investors will follow at 9 a.m. ET, with details available to the public via a live audio webcast. Participants can join by dialing U.S./Canada: 866-411-5196 or Outside U.S./Canada: 970-297-2404, using Conference ID: 2369176. A replay will be accessible after the call. Visteon is a leading technology firm in cockpit electronics with approximate sales of $3 billion in 2019.

Visteon will present at Deutsche Bank’s 2020 Global Auto Industry Conference on June 11, 2020. The presentation will feature CEO Sachin Lawande and CFO Jerome Rouquet, starting at 8:30 a.m. ET, followed by a Q&A session lasting approximately 35 minutes. Interested parties can access a live audio webcast of the event and related materials through Visteon’s website. Visteon is renowned for its vehicle cockpit electronics, with 2019 sales approximating $3 billion, and operates over 40 facilities globally, employing around 11,000 people.

Visteon Corporation (NASDAQ: VC) has announced its collaboration with Volkswagen Group to provide an innovative infotainment platform for the VW Nivus model in Brazil. The VW Play system enhances in-car connectivity with a customizable interface and features like a 10.1-inch display and rear view camera support. This partnership exemplifies Visteon's integrated platform approach, aimed at growth despite challenges in the automotive industry due to COVID-19. VW Play is expected to expand to other global markets following its Brazil launch.