Visteon Corporation Revenue & Financials

Visteon reported net sales of $3.866 billion for fiscal year 2024, a decrease of 2.2% from $3.954 billion in 2023, reflecting the cyclical nature of automotive production and the company's market outperformance dynamics. Gross margin improved to $531 million, or 13.7% of sales, compared to $487 million (12.3% of sales) in 2023, a 140 basis point expansion that demonstrates the operating leverage of the focused electronics portfolio. Net income attributable to Visteon was $274 million, or $9.82 per diluted share, down from $486 million in 2023, with the decline primarily attributable to a smaller non-cash tax benefit—$49 million in 2024 compared to $313 million in 2023—both related to reductions in the valuation allowance against U.S. deferred tax assets. Adjusted EBITDA reached a record $474 million, increasing $40 million from $434 million in 2023, with adjusted EBITDA margin expanding 130 basis points to 12.3%. This margin improvement reflects strong operational performance, cost discipline, and lower year-over-year net engineering costs due to favorable timing of recoveries. Cash provided by operating activities was $427 million, and adjusted free cash flow reached a record $300 million, benefiting from the EBITDA improvement and significant working capital management. Capital expenditures were $137 million in 2024, up from $125 million in 2023, as the company invested in growth capacity. The balance sheet remained strong with $623 million in cash and equivalents, $301 million in long-term debt, and $18 million in short-term debt, resulting in a net cash position. Stockholders' equity was $1.229 billion as of December 31, 2024. Visteon repurchased $63 million of shares during 2024 under a $300 million authorization announced in March 2023, leaving $131 million in remaining authorization. For fiscal year 2025, the company reported net sales of $3.768 billion and net income attributable to Visteon of $201 million, or $7.28 per diluted share. The 2025 results reflect continued market outperformance of 2% globally and 8% outside of China, offset by reduced customer recoveries from improved semiconductor supply and lower customer production. Adjusted EBITDA for 2025 was $465 million, with the company initiating a quarterly dividend of $0.275 per share and raising full-year 2026 guidance to sales of $3.70-$3.85 billion and adjusted EBITDA of $475-$505 million.