Versigent Q1 revenue rises 9% to $2.2 billion; net income falls to $78 million
Versigent PLC, which was spun off from Aptiv PLC on April 1, 2026, reported first-quarter 2026 revenue of $2.2 billion, up 9%, but net income attributable to the company fell to $78 million from $95 million a year earlier. The company reaffirmed its full-year 2026 guidance and disclosed a dividend policy of $0.13 per share quarterly and a $250 million share repurchase program.
Key points
- Revenue of $2,212 million, up from $2,024 million; up about 3% excluding currency and commodity movements
- Net income attributable to Versigent of $78 million, versus $95 million; adjusted EBITDA of $203 million, versus $198 million, with margin of 9.2% versus 9.8%
- Free cash flow of $(30) million, versus $3 million a year earlier, including $26 million of separation costs
- Board approved a dividend policy of $0.13 per share quarterly (initial dividend not yet declared) and a $250 million share repurchase program with no expiration date; full-year 2026 guidance reaffirmed, including U.S. GAAP net income of $31
The filing
Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing 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 May 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.