Visteon reports record 2023 sales and adjusted EBITDA, gives 2024 outlook
Visteon reported fourth-quarter and full-year 2023 results, with full-year net sales of $3.95 billion, up 5%, and record adjusted EBITDA of $434 million. Fourth-quarter net sales fell to $990 million from $1.06 billion, and fourth-quarter net income of $366 million included a $313 million non-cash U.S. tax benefit. The company also guided 2024 sales of $4.0 billion to $4.2 billion and adjusted EBITDA of $470 million to $500 million, and extended CEO Sachin Lawande's employment agreement through September 30, 2030.
Key points
- Full-year 2023 net sales of $3.95 billion, up 5%; full-year net income of $486 million, or $17.05 per diluted share
- Fourth-quarter net sales of $990 million, down from $1,064 million a year earlier, mainly due to lower semiconductor supply recoveries
- 2024 guidance: sales of $4.0 billion to $4.2 billion, adjusted EBITDA of $470 million to $500 million, adjusted free cash flow of $155 million to $185 million
- Employment agreement with CEO Sachin Lawande extended to September 30, 2030; base salary set at $1,150,000 effective April 1, 2024
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:54 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 20, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.