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Visteon Announces Second Quarter 2025 Financial Results, Initiates Quarterly Dividend and Reinstates and Raises Full Year Guidance

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Visteon (NASDAQ: VC) reported strong Q2 2025 financial results with sales of $969 million and net income of $65 million. The company achieved $134 million in adjusted EBITDA and generated $165 million in operating cash flow for H1 2025.

Key highlights include $2.0 billion in new business wins, 21 new product launches, and a healthy balance sheet with $361 million in net cash. Visteon completed a strategic acquisition of a technology services company for $50 million and initiated a quarterly dividend of $0.275 per share.

The company raised its full-year 2025 guidance, now expecting sales of $3.70-3.85 billion, adjusted EBITDA of $475-505 million, and adjusted free cash flow of $195-225 million.

Visteon (NASDAQ: VC) ha riportato solidi risultati finanziari per il secondo trimestre del 2025, con vendite pari a 969 milioni di dollari e un utile netto di 65 milioni di dollari. L'azienda ha raggiunto un EBITDA rettificato di 134 milioni di dollari e ha generato un flusso di cassa operativo di 165 milioni di dollari nella prima metà del 2025.

Tra i principali risultati si segnalano 2,0 miliardi di dollari in nuovi contratti acquisiti, il lancio di 21 nuovi prodotti e un bilancio solido con 361 milioni di dollari di liquidità netta. Visteon ha completato un'acquisizione strategica di una società di servizi tecnologici per 50 milioni di dollari e ha avviato un dividendo trimestrale di 0,275 dollari per azione.

L'azienda ha rivisto al rialzo le previsioni per l'intero anno 2025, aspettandosi ora vendite tra 3,70 e 3,85 miliardi di dollari, un EBITDA rettificato tra 475 e 505 milioni di dollari e un flusso di cassa libero rettificato tra 195 e 225 milioni di dollari.

Visteon (NASDAQ: VC) reportó sólidos resultados financieros en el segundo trimestre de 2025, con ventas de 969 millones de dólares y un ingreso neto de 65 millones de dólares. La compañía logró un EBITDA ajustado de 134 millones de dólares y generó un flujo de caja operativo de 165 millones de dólares en el primer semestre de 2025.

Los aspectos destacados incluyen 2.000 millones de dólares en nuevos contratos ganados, 21 lanzamientos de nuevos productos y un balance saludable con 361 millones de dólares en efectivo neto. Visteon completó una adquisición estratégica de una empresa de servicios tecnológicos por 50 millones de dólares e inició un dividendo trimestral de 0,275 dólares por acción.

La compañía elevó su guía para todo el año 2025, ahora esperando ventas de 3,70 a 3,85 mil millones de dólares, un EBITDA ajustado de 475 a 505 millones de dólares y un flujo de caja libre ajustado de 195 a 225 millones de dólares.

Visteon (NASDAQ: VC)은 2025년 2분기 강력한 재무 실적을 발표했습니다. 매출은 9억 6,900만 달러, 순이익은 6,500만 달러를 기록했습니다. 회사는 조정 EBITDA 1억 3,400만 달러를 달성했으며, 2025년 상반기에 1억 6,500만 달러의 영업 현금 흐름을 창출했습니다.

주요 성과로는 20억 달러 규모의 신규 사업 수주, 21개의 신제품 출시, 그리고 3억 6,100만 달러의 순현금을 보유한 건전한 재무 상태가 있습니다. Visteon은 5,000만 달러 규모의 기술 서비스 회사 전략적 인수를 완료했으며, 주당 0.275달러의 분기 배당금을 시작했습니다.

회사는 2025년 연간 가이던스를 상향 조정하여, 매출을 37억~38억 5천만 달러, 조정 EBITDA를 4억 7,500만~5억 500만 달러, 조정 잉여 현금 흐름을 1억 9,500만~2억 2,500만 달러로 예상하고 있습니다.

Visteon (NASDAQ : VC) a publié de solides résultats financiers pour le deuxième trimestre 2025, avec un chiffre d'affaires de 969 millions de dollars et un bénéfice net de 65 millions de dollars. La société a réalisé un EBITDA ajusté de 134 millions de dollars et généré un flux de trésorerie opérationnel de 165 millions de dollars pour le premier semestre 2025.

Les points clés incluent 2,0 milliards de dollars de nouveaux contrats remportés, 21 lancements de nouveaux produits, et un bilan sain avec 361 millions de dollars de trésorerie nette. Visteon a finalisé une acquisition stratégique d'une société de services technologiques pour 50 millions de dollars et a initié un dividende trimestriel de 0,275 dollar par action.

La société a relevé ses prévisions pour l'année complète 2025, s'attendant désormais à un chiffre d'affaires compris entre 3,70 et 3,85 milliards de dollars, un EBITDA ajusté entre 475 et 505 millions de dollars et un flux de trésorerie libre ajusté entre 195 et 225 millions de dollars.

Visteon (NASDAQ: VC) meldete starke Finanzergebnisse für das zweite Quartal 2025 mit einem Umsatz von 969 Millionen US-Dollar und einem Nettogewinn von 65 Millionen US-Dollar. Das Unternehmen erzielte ein bereinigtes EBITDA von 134 Millionen US-Dollar und generierte einen operativen Cashflow von 165 Millionen US-Dollar für das erste Halbjahr 2025.

Zu den wichtigsten Highlights zählen 2,0 Milliarden US-Dollar an neuen Aufträgen, 21 neue Produkteinführungen und eine solide Bilanz mit 361 Millionen US-Dollar Nettogeld. Visteon schloss eine strategische Übernahme eines Technologie-Dienstleistungsunternehmens für 50 Millionen US-Dollar ab und startete eine vierteljährliche Dividende von 0,275 US-Dollar pro Aktie.

Das Unternehmen hob seine Prognose für das Gesamtjahr 2025 an und erwartet nun einen Umsatz von 3,70 bis 3,85 Milliarden US-Dollar, ein bereinigtes EBITDA von 475 bis 505 Millionen US-Dollar und einen bereinigten freien Cashflow von 195 bis 225 Millionen US-Dollar.

Positive
  • Strong profitability with $65 million net income despite lower revenue
  • Robust new business wins of $2.0 billion in Q2, totaling $3.9 billion year-to-date
  • Healthy balance sheet with $361 million net cash position
  • Initiated quarterly dividend of $0.275 per share
  • Raised full-year 2025 guidance across all metrics
  • Successfully launched 21 new products across eight OEMs
Negative
  • Year-over-year sales decline to $969 million from $1,014 million
  • Lower Battery Management System volumes and softness in China market
  • Paused share repurchases in Q2 due to tariff uncertainty

Insights

Visteon delivers strong Q2 profits despite revenue dip, initiates dividend, raises guidance, signaling confidence in cash generation.

Visteon's Q2 results demonstrate remarkable operational efficiency despite revenue headwinds. Sales decreased 4.4% year-over-year to $969 million, primarily due to lower Battery Management System volumes and weakness in China, yet the company still delivered $65 million in net income ($2.36 per diluted share) and $134 million in Adjusted EBITDA. This improved profitability amid declining revenue highlights exceptional operational discipline and cost management.

The company's initiation of a quarterly dividend of $0.275 per share represents a significant milestone in Visteon's capital allocation strategy and signals management's confidence in sustainable cash generation. This comes alongside strong cash flow performance, with $165 million in operating cash flow and $105 million in adjusted free cash flow for the first half of 2025.

Visteon's balance sheet remains exceptionally healthy with $671 million in cash, $310 million in debt, and a net cash position of $361 million. This financial strength enables strategic flexibility for growth investments while returning capital to shareholders.

The $2.0 billion in new business wins during Q2 ($3.9 billion year-to-date) demonstrates continued market traction for Visteon's digital cockpit technologies, particularly in premium display systems. The 21 new product launches across eight OEMs further diversify the company's revenue streams.

Management's decision to raise full-year guidance for sales, adjusted EBITDA, and free cash flow reflects confidence in the company's trajectory despite automotive industry challenges. The strategic bolt-on acquisition for $50 million expands capabilities in UX and HMI, reinforcing Visteon's focus on high-value software and user experience technologies that command premium margins.

VAN BUREN TOWNSHIP, Mich., July 24, 2025 /PRNewswire/ -- Visteon Corporation (NASDAQ: VC) today reported second quarter financial results. Highlights include:

  • Sales of $969 million 
  • Net income of $65 million
  • Adjusted EBITDA of $134 million
  • Operating cash flow of $165 million and adjusted free cash flow of $105 million for the first six months
  • Healthy balance sheet with net cash of $361 million at quarter end
  • New business wins of $2.0 billion and 21 new product launches
  • Closed bolt-on acquisition of technology services company
  • Initiated quarterly dividend

Second Quarter Results

Visteon delivered solid results in the second quarter reflecting the continued strength of its digital cockpit portfolio and disciplined operational execution. Sales for the quarter totaled $969 million, compared to $1,014 million in the prior year. The year-over-year decline was primarily driven by lower Battery Management System volumes and softness in China, partially offset by the ramp-up of recent program launches. Despite the lower revenue, the Company's solid operational performance generated increased profitability and cash.

Gross margin in the second quarter was $141 million. Net income attributable to Visteon was $65 million or $2.36 per diluted share. Adjusted EBITDA, a non-GAAP measure defined below, was $134 million supported by continued operational discipline, favorable nonrecurring items, and cost efficiencies across the business. These results reflect Visteon's ability to deliver consistent earnings performance while navigating a dynamic macroeconomic and industry environment.

For the six months ended June 30, 2025, the Company generated $165 million in operating cash flow and $105 million in adjusted free cash flow, a non-GAAP measure defined below. Capital expenditures during the first half were $66 million. Visteon ended the second quarter with $671 million in cash and $310 million in debt, resulting in a net cash position of $361 million. The Company's strong balance sheet provides the flexibility to support ongoing investments in growth and return capital to shareholders.

New business momentum remained strong in the quarter, with $2.0 billion in new wins, bringing the year-to-date total to $3.9 billion. These wins were led by advanced display programs, including a 48-inch pillar-to-pillar display award with a German luxury OEM. Other notable awards included a key digital cluster program with a leading two-wheeler manufacturer and a cockpit domain controller program with a major commercial vehicle OEM.

Visteon also launched 21 new products during the quarter across eight OEMs, including four commercial vehicle and two-wheeler programs. Key launches included a 25-inch panoramic display on the Audi Q3 platform in Europe and SmartCore™ domain controller programs on the Volvo EX30 crossover EV, the Polestar 5, and for Volvo's construction vehicle segment.

"Our second quarter represents another quarter of proof points supporting our long-term growth strategy. We launched 21 new products across eight OEMs, secured $2.0 billion in new business, and expanded into adjacent markets," said President and CEO Sachin Lawande. "These results underscore the growing importance of the cockpit experience and the strength of our technology portfolio."

Capital Allocation

The Company continues to execute on its balanced capital allocation strategy, which balances maintaining a strong balance sheet, investing in the business through organic and inorganic investments, and returning capital to shareholders. In the quarter, the Company invested in the business with $31 million in capital expenditures and completed a bolt-on acquisition of an engineering services company, focused on user experience and HMI, for $50 million, net of cash acquired. This acquisition represents the third acquisition closed in the last 12 months for a total investment in acquisitions of $105 million

After pausing share repurchases in the second quarter due to the uncertainty created by tariffs, the Company plans to resume capital returns to shareholders. Since the beginning of 2023, the Company has returned $176 million of cash to shareholders in the form of share repurchases and intends to restart share repurchase activity in an opportunistic manner. In addition, on July 22, 2025, the Company's Board of Directors initiated a quarterly dividend of $0.275 per share on its common stock. The dividend is payable on September 5, 2025, to shareholders of record as of the close of business on August 18, 2025. The declaration and payment of future dividends are subject to the sole discretion of the Board of Directors and will depend on a number of factors, including general and economic conditions, the Company's financial condition and operating results, the Company's available cash and current and anticipated cash needs, capital requirements, banking regulations, contractual, legal, tax and regulatory restrictions, and such other factors as the Board of Directors may deem relevant.

The Company's approach to capital allocation strikes a balance between investing in the long-term growth of the business while enhancing returns to investors. Resuming capital returns to shareholders, including the introduction of a cash dividend, highlights the Company's confidence in future cash flow generation. 

Financial Outlook

Based on our year-to-date performance and outlook for the second half of the year, Visteon is updating its full-year 2025 guidance. The Company now expects:

  • Sales of $3.70 billion to $3.85 billion (up from $3.65 billion to $3.85 billion)
  • Adjusted EBITDA of $475 million to $505 million (up from $450 million to $480 million)
  • Adjusted free cash flow of $195 million to $225 million (up from $175 million to $205 million)

Our guidance assumes tariffs remain at current levels, with USMCA-compliant parts crossing the US – Mexico border remaining fully exempt from tariffs.

About Visteon

Visteon (NASDAQ: VC) is advancing mobility through innovative technology solutions that enable a software-defined future. The Company's state-of-the-art product portfolio merges digital cockpit innovations, advanced displays, AI-enhanced software solutions, and integrated EV architecture solutions. With expertise spanning passenger vehicles, commercial transportation, and two-wheelers, Visteon partners with global OEMs to create safer, cleaner, and more connected journeys. Headquartered in Van Buren Township, Michigan, Visteon operates in 18 countries, employing a global network of innovation centers and manufacturing facilities. In 2024, the Company recorded annual sales of approximately $3.87 billion and secured $6.1 billion in new business. For more information, visit visteon.com.

Conference Call and Presentation

Today, Thursday, July 24, at 9 a.m. ET, the Company will host a conference call for the investment community to discuss the quarter's results and other related items. The conference call is available to the general public via a live audio webcast.

The dial-in numbers to participate in the call are:

U.S./Canada: 1-888-330-2508
Outside U.S./Canada: 1-240-789-2735
Conference ID: 8897485

(Call approximately 10 minutes before the start of the conference.)

The conference call and live audio webcast, related presentation materials and other supplemental information will be accessible in the Investors section of Visteon's website.

__

Use of Non-GAAP Financial Information

Because not all companies use identical calculations, adjusted EBITDA, adjusted net income, adjusted EPS, free cash flow and adjusted free cash flow used throughout this press release may not be comparable to other similarly titled measures of other companies.

In order to provide the forward-looking non-GAAP financial measures for full-year 2025, the Company provides reconciliations to the most directly comparable GAAP financial measures on the subsequent slides. The provision of these comparable GAAP financial measures is not intended to indicate that the Company is explicitly or implicitly providing projections on those GAAP financial measures, and actual results for such measures are likely to vary from those presented. The reconciliations include all information reasonably available to the Company at the date of this press release and the adjustments that management can reasonably predict.

Forward-looking Information 

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words "will," "may," "designed to," "outlook," "believes," "should," "anticipates," "plans," "expects," "intends," "estimates," "forecasts" and similar expressions identify certain of these forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various factors, risks and uncertainties that could cause our actual results to differ materially from those expressed in these forward-looking statements, including, but not limited to:

  • uncertainties in U.S. policy regarding trade agreements, tariffs or other international trade policies and any response to such actions by foreign countries;
  • continued and future impacts of the geopolitical conflicts and related supply chain disruptions, including but not limited to the conflicts in the Middle East, Russia and East Asia and the possible imposition of sanctions;
  • significant or prolonged shortage of critical components from our suppliers, including but not limited to semiconductors, and particularly those who are our sole or primary sources;
  • failure of the Company's joint venture partners to comply with contractual obligations or to exert influence or pressure in China;
  • conditions within the automotive industry, including (i) the automotive vehicle production volumes and schedules of our customers, (ii) the financial condition of our customers and the effects of any restructuring or reorganization plans that may be undertaken by our customers, including work stoppages at our customers, and (iii) possible disruptions in the supply of commodities to us or our customers due to financial distress, work stoppages, natural disasters or civil unrest;
  • our ability to satisfy future capital and liquidity requirements; including our ability to access the credit and capital markets at the times and in the amounts needed and on terms acceptable to us; our ability to comply with financial and other covenants in our credit agreements; and the continuation of acceptable supplier payment terms;
  • our ability to access funds generated by foreign subsidiaries and joint ventures on a timely and cost-effective basis;
  • general economic conditions, including changes in interest rates and fuel prices; the timing and expenses related to internal restructurings, employee reductions, acquisitions or dispositions and the effect of pension and other post-employment benefit obligations;
  • disruptions in information technology systems including, but not limited to, system failure, cyber-attack, malicious computer software (malware including ransomware), unauthorized physical or electronic access, or other natural or man-made incidents or disasters;
  • increases in raw material and energy costs and our ability to offset or recover these costs; increases in our warranty, product liability and recall costs or the outcome of legal or regulatory proceedings to which we are or may become a party;
  • changes in laws, regulations, policies or other activities of governments, agencies and similar organizations, domestic and foreign, that may tax or otherwise increase the cost of, prohibit, or otherwise affect, the manufacture, licensing, distribution, sale, ownership or use of our products or assets; and
  • those factors identified in our filings with the SEC (including our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as updated by our subsequent filings with the Securities and Exchange Commission).

Caution should be taken not to place undue reliance on our forward-looking statements, which represent our view only as of the date of this release, and which we assume no obligation to update. The financial results presented herein are preliminary and unaudited; final financial results will be included in the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2025. New business wins and re-wins do not represent firm orders or firm commitments from customers, but are based on various assumptions, including the timing and duration of product launches, vehicle production levels, customer price reductions and currency exchange rates.

Visteon Contacts:

Media:                                                                       
Media@Visteon.com
Investors:
Investor@Visteon.com

 

VISTEON CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(In millions except per share amounts)

(Unaudited)


Three Months Ended


Six Months Ended


June 30,


June  30,


2025


2024


2025


2024









Net sales

$             969


$          1,014


$         1,903


$          1,947

Cost of sales

(828)


(867)


(1,624)


(1,681)

Gross margin

141


147


279


266

Selling, general and administrative expenses

(48)


(49)


(95)


(101)

Restructuring, net

(1)


(1)


(1)


(3)

Interest income, net

2



3


Equity in net income (loss) of non-consolidated affiliates

2



4


(4)

Other income (expense), net

1


3


2


5

Income (loss) before income taxes

97


100


192


163

Provision for income taxes

(28)


(25)


(56)


(44)

Net income (loss)

69


75


136


119

Less: Net (income) loss attributable to non-controlling interests

(4)


(4)


(6)


(6)

Net income (loss) attributable to Visteon Corporation

$               65


$               71


$            130


$             113









Comprehensive income (loss)

$             106


$               55


$            193


$               84

Less: Comprehensive (income) loss attributable to non-controlling
interests

(9)


(2)


(12)


(3)

Comprehensive income (loss) attributable to Visteon Corporation

$               97


$               53


$            181


$               81









Basic earnings (loss) per share attributable to Visteon Corporation

$            2.38


$            2.57


$           4.78


$            4.09









Diluted earnings (loss) per share attributable to Visteon Corporation

$            2.36


$            2.54


$           4.73


$            4.05









Average shares outstanding (in millions)








Basic

27.3


27.6


27.2


27.6

Diluted

27.6


27.9


27.5


27.9

 

VISTEON CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In millions)


(Unaudited)




June 30,


December 31,


2025


2024

ASSETS




Cash and equivalents

$                      668


$                      623

Restricted cash

3


3

Accounts receivable, net

621


578

Inventories, net

296


283

Other current assets

135


109

Total current assets

1,723


1,596





Property and equipment, net

485


452

Intangible assets, net

224


152

Right-of-use assets

128


100

Investments in non-consolidated affiliates

25


27

Deferred tax assets

444


441

Other non-current assets

163


94

Total assets

$                   3,192


$                   2,862





LIABILITIES AND EQUITY




Short-term debt

$                        18


$                        18

Accounts payable

557


505

Accrued employee liabilities

88


107

Current lease liability

21


29

Other current liabilities

237


257

Total current liabilities

921


916





Long-term debt, net

292


301

Employee benefits

115


127

Non-current lease liability

111


78

Deferred tax liabilities

62


43

Other non-current liabilities

193


87





Stockholders' equity:




Common stock

1


1

Additional paid-in capital

1,378


1,376

Retained earnings

2,678


2,548

Accumulated other comprehensive loss

(255)


(306)

Treasury stock

(2,380)


(2,390)

Total Visteon Corporation stockholders' equity

1,422


1,229

Non-controlling interests

76


81

Total equity

1,498


1,310

Total liabilities and equity

$                   3,192


$                   2,862

 

VISTEON CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

 (In millions)

(Unaudited)


Three Months Ended


Six Months Ended


June 30,


June 30,


2025


2024


2025


2024

OPERATING








Net income (loss)

$               69


$            75


$            136


$           119

Adjustments to reconcile net income (loss) to net cash provided from
(used by) operating activities:








Depreciation and amortization

27


24


52


46

Non-cash stock-based compensation

12


11


23


21

Equity in net loss (income) of non-consolidated affiliates, net of
dividends remitted

(2)



(4)


4

Other non-cash items

(3)


4


(4)


7

Changes in assets and liabilities:








Accounts receivable

21


(52)


(3)


(49)

Inventories

24


28


4


(23)

Accounts payable

(11)


(29)


40


8

Other assets and other liabilities

(42)


(4)


(79)


(7)

Net cash provided from operating activities

95


57


165


126

INVESTING








Capital expenditures, including intangibles

(31)


(31)


(66)


(68)

Acquisition of business, net of cash acquired

(50)



(50)


Loan repayments from non-consolidated affiliates


(5)



(5)

Other

(1)


1


1


1

Net cash used by investing activities

(82)


(35)


(115)


(72)

FINANCING








Principal repayment of term debt facility

(5)


(5)


(9)


(9)

Dividends to non-controlling interests

(14)



(18)


Repurchase of common stock



(7)


(20)

Stock based compensation tax withholding payments

(1)



(7)


(7)

Proceeds from the exercise of stock options



3


Net cash used by financing activities

(20)


(5)


(38)


(36)

Effect of exchange rate changes on cash

20


(16)


33


(28)

Net increase (decrease) in cash, equivalents, and restricted cash

13


1


45


(10)

Cash, equivalents, and restricted cash at beginning of the period

658


507


626


518

Cash, equivalents, and restricted cash at end of the period

$             671


$          508


$            671


$           508

 

VISTEON CORPORATION AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(In millions except per share amounts) 
(Unaudited)

Adjusted EBITDA: Adjusted EBITDA is presented as a supplemental measure of the Company's performance that management believes is useful to investors because the excluded items may vary significantly in timing or amounts and/or may obscure trends useful in evaluating and comparing the Company's operating activities across reporting periods. The Company defines adjusted EBITDA as net income attributable to the Company adjusted to eliminate the impact of depreciation and amortization, provision for (benefit from) income taxes, non-cash stock-based compensation expense, net interest expense, net income attributable to non-controlling interests, net restructuring expense, equity in net (income)/loss of non-consolidated affiliates, gain on non-consolidated affiliate transactions, and other gains and losses not reflective of the Company's ongoing operations. Because not all companies use identical calculations, this presentation of adjusted EBITDA may not be comparable to similarly titled measures of other companies.


Three Months Ended


Six Months Ended


Estimated


June 30,


June 30,


Full Year

Visteon:

2025


2024


2025


2024


2025

Net income attributable to Visteon Corporation

$             65


$             71


$           130


$           113


$           235

  Depreciation and amortization

27


24


52


46


105

  Non-cash, stock-based compensation expense

12


11


23


21


45

  Provision for income taxes

28


25


56


44


95

  Restructuring, net

1


1


1


3


5

  Interest income, net

(2)



(3)



(5)

  Net income attributable to non-controlling interests

4


4


6


6


10

  Equity in net loss (income) of non-consolidated affiliates

(2)



(4)


4


(5)

  Other

1



2


1


5

Adjusted EBITDA

$           134


$           136


$           263


$           238


$         4901

 

Adjusted EBITDA is not a recognized term under U.S. GAAP and does not purport to be a substitute for net income as an indicator of operating performance or cash flows from operating activities as a measure of liquidity. Adjusted EBITDA has limitations as an analytical tool and is not intended to be a measure of cash flow available for management's discretionary use, as it does not consider certain cash requirements such as interest payments, tax payments and debt service requirements. In addition, the Company uses adjusted EBITDA (i) as a factor in incentive compensation decisions, (ii) to evaluate the effectiveness of the Company's business strategies, and (iii) because the Company's credit agreements use similar measures for compliance with certain covenants.

 

VISTEON CORPORATION AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(In millions except per share amounts) 
(Unaudited)

Free Cash Flow and Adjusted Free Cash Flow: Free cash flow and adjusted free cash flow are presented as supplemental measures of the Company's liquidity that management believes are useful to investors in analyzing the Company's ability to service and repay its debt. The Company defines free cash flow as cash flow provided from operating activities less capital expenditures, including intangibles. The Company defines adjusted free cash flow as cash flow provided from operating activities less capital expenditures, including intangibles as further adjusted for restructuring related payments. Because not all companies use identical calculations, this presentation of free cash flow and adjusted free cash flow may not be comparable to other similarly titled measures of other companies.


Three Months Ended


Six Months Ended


Estimated


June 30,


June 30,


Full Year

Visteon:

2025


2024


2025


2024


2025

Cash provided from operating activities

$               95


$               57


$             165


$             126


$               340

Capital expenditures, including intangibles

(31)


(31)


(66)


(68)


(150)

Free cash flow

$               64


$               26


$               99


$               58


$               190

Restructuring related payments

3


2


6


4


20

Adjusted free cash flow

$               67


$               28


$             105


$               62


$           2102

 

Free cash flow and adjusted free cash flow are not recognized terms under U.S. GAAP and do not purport to be a substitute for cash flows from operating activities as a measure of liquidity. Free cash flow and adjusted free cash flow have limitations as analytical tools as they do not reflect cash used to service debt and do not reflect funds available for investment or other discretionary uses. In addition, the Company uses free cash flow and adjusted free cash flow (i) as factors in incentive compensation decisions and (ii) for planning and forecasting future periods.

VISTEON CORPORATION AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(In millions except per share amounts) 
(Unaudited)

Adjusted Net Income and Adjusted Earnings Per Share: Adjusted net income and adjusted earnings per share are presented as supplemental measures that management believes are useful to investors in analyzing the Company's profitability, providing comparability between periods by excluding certain items that may not be indicative of recurring business operating results. The Company believes management and investors benefit from referring to these supplemental measures in assessing company performance and when planning, forecasting and analyzing future periods. The Company defines adjusted net income as net income attributable to Visteon adjusted to eliminate the impact of restructuring expense, loss on divestiture, gain on non-consolidated affiliate transactions, other gains and losses not reflective of the Company's ongoing operations and related tax effects. The Company defines adjusted earnings per share as adjusted net income divided by diluted shares. Because not all companies use identical calculations, this presentation of adjusted net income and adjusted earnings per share may not be comparable to other similarly titled measures of other companies.


Three Months Ended


Six Months Ended


June 30,


June 30,


2025


2024


2025


2024

Net income attributable to Visteon

$               65


$               71


$            130


$            113









Diluted earnings per share:








Net income attributable to Visteon

$               65


$               71


$            130


$            113

Average shares outstanding, diluted

27.6


27.9


27.5


27.9

Diluted earnings per share

$            2.36


$            2.54


$           4.73


$           4.05









Adjusted net income and adjusted earnings per share:








Net income attributable to Visteon

$               65


$               71


$            130


$            113

Restructuring, net

1


1


1


3

Other

1



2


1

Tax impacts of adjustments

(1)


(1)


(1)


(1)

Adjusted net income

$               66


$               71


$            132


$            116

Average shares outstanding, diluted

27.6


27.9


27.5


27.9

Adjusted earnings per share

$            2.39


$            2.54


$           4.80


$           4.16

 

Adjusted net income and adjusted earnings per share are not recognized terms under U.S. GAAP and do not purport to be a substitute for profitability. Adjusted net income and adjusted earnings per share have limitations as analytical tools as they do not consider certain restructuring and transaction-related payments and/or expenses. In addition, the Company uses adjusted net income and adjusted earnings per share for internal planning and forecasting purposes.


1Based on mid-point of the range of the Company's financial guidance.

2Based on mid-point of the range of the Company's financial guidance.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/visteon-announces-second-quarter-2025-financial-results-initiates-quarterly-dividend-and-reinstates-and-raises-full-year-guidance-302512618.html

SOURCE Visteon Corporation

FAQ

What were Visteon's (VC) Q2 2025 earnings results?

Visteon reported Q2 2025 sales of $969 million, net income of $65 million ($2.36 per diluted share), and adjusted EBITDA of $134 million.

How much is Visteon's new quarterly dividend in 2025?

Visteon initiated a quarterly dividend of $0.275 per share, payable on September 5, 2025, to shareholders of record as of August 18, 2025.

What is Visteon's updated guidance for full-year 2025?

Visteon raised its 2025 guidance to sales of $3.70-3.85 billion, adjusted EBITDA of $475-505 million, and adjusted free cash flow of $195-225 million.

How much were Visteon's new business wins in Q2 2025?

Visteon secured $2.0 billion in new business wins during Q2 2025, bringing the year-to-date total to $3.9 billion.

What is Visteon's current cash position in Q2 2025?

Visteon ended Q2 2025 with a strong balance sheet including $671 million in cash, $310 million in debt, resulting in a net cash position of $361 million.

What acquisitions did Visteon make in Q2 2025?

Visteon completed a bolt-on acquisition of an engineering services company focused on user experience and HMI for $50 million, marking their third acquisition in 12 months.
Visteon Corp

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