Visteon Q1 net sales fall to $933 million; net income rises to $42 million
Visteon reported first-quarter 2024 results on April 25, 2024. Net sales fell to $933 million from $967 million a year earlier, while net income attributable to Visteon rose to $42 million from $34 million, or $1.50 per diluted share versus $1.18. The company kept its full-year 2024 guidance unchanged.
Key points
- Net sales were $933 million, down from $967 million in the first quarter of 2023, mainly due to lower semiconductor-related recoveries and 1% lower customer vehicle production.
- Net income attributable to Visteon was $42 million, or $1.50 per diluted share, compared with $34 million, or $1.18 per diluted share, a year earlier.
- Adjusted EBITDA was $102 million, up $3 million from the prior year, and the company reported a net cash position of $175 million at March 31, 2024.
- Full-year 2024 guidance was maintained: sales of $4.0 to $4.2 billion, adjusted EBITDA of $470 to $500 million, and adjusted free cash flow of $155 to $185 million.
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 April 25, 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.