VC
Visteon Corporation101.98
-0.67-0.65%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Memory fixes, BMS conservatism detailed
Q&A unpacked memory chip tightness—management highlighted early supplier engagement, drop-in replacements, and new China sources to meet demand, while baking timing mismatches into the 2% sales headwind and expecting customer recoveries. They sharpened BMS downside to a 50% drop on conservative 3% U.S. EV penetration, up from prior 20% call, but flagged modest 2027 recovery. Launches stay robust in Europe displays and China premiums, back-half loaded for 2026; 2027 eyes mid-high single-digit growth over market. M&A criteria reiterated as bolt-on tech adds. No hedges—answers crisp. Q1 hits lowest. Watch pass-through execution.
Key Stats
Market Cap
2.78BP/E (TTM)
9.15Basic EPS (TTM)
11.15Dividend Yield
0%Recent Filings
8-K
Record EBITDA, strong wins
Visteon reported 2025 net sales of $3,768 million and record adjusted EBITDA of $492 million, up from $474 million prior year, fueled by digital cockpit strength despite BMS headwinds. New business wins hit $7.4 billion; cash flow generated $292 million adjusted free cash flow. Board hiked dividend 36% to $0.375/share. 2026 guides sales $3.625-3.825 billion.
10-K
FY2025 results
Visteon posted FY2025 sales of $3.8B, down 3% y/y amid customer production declines and pricing pressure, yet Adjusted EBITDA climbed to $492M via cost discipline. Q4 momentum shone through new launches and display strength, outpacing key customer trends despite China softness. Cash from operations hit $410M, funding $57M buybacks, $15M dividends, and a $50M tuck-in buy; $773M cash bolsters the balance sheet with $400M revolver capacity. New business wins totaled $7.4B. Semiconductor shortages threaten quarterly output.
10-Q
Q3 FY2025 results
Visteon held steady on net sales at $917 million for Q3 2025 ended September 30, down 6.4% year-over-year from $980 million (derived), yet gross margin stayed flat at $131 million, or 14.3%, thanks to cost efficiencies offsetting pricing pressures. Operating income climbed to $75 million from $52 million y/y (derived), fueled by lower restructuring charges of $3 million versus $28 million, while diluted EPS rose to $2.04 from $1.40, aligning with 27.9 million shares. Year-to-date, sales dipped 3.6% to $2,820 million, but net income attributable to Visteon hit $187 million, up from $152 million, with free cash flow at $204 million after $88 million capex. The UX Acquisition closed in May 2025 for $55 million cash plus up to $9 million contingent, adding $29 million goodwill and $37 million intangibles amortized over 16-20 years to boost engineering services. Cash swelled to $762 million against $306 million total debt, revolver fully available under 3.50:1 leverage covenant. Supply chain snarls from China's export controls pose a nagging risk.
8-K
Visteon Q3 sales dip, profits hold
Visteon reported Q3 2025 net sales of $917 million, down 6% year-over-year due to U.S. battery management reductions, China declines, and JLR downtime, yet delivered net income of $57 million and adjusted EBITDA of $119 million through strong cockpit electronics performance. Year-to-date adjusted free cash flow hit $215 million, with $1.8 billion in new business wins and 28 product launches underscoring growth momentum. Cash is king here. The company maintained full-year guidance, tracking high-end on EBITDA and cash flow but below midpoint on sales, excluding Nexperia disruptions.
8-K
Visteon Q2 results and dividend
Visteon reported Q2 2025 sales of $969 million, down from $1,014 million last year due to lower battery volumes and China softness, yet boosted net income to $65 million and adjusted EBITDA to $134 million through operational discipline. The company closed a $50 million bolt-on acquisition of an engineering services firm and launched 21 new products across eight OEMs, securing $2.0 billion in wins. Board approved a $0.275 per share quarterly dividend payable September 5, 2025. Raised full-year guidance to $3.70-$3.85 billion sales, $475-$505 million adjusted EBITDA. Strong cash flow supports growth investments.
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