The auto supplier posted $960M in Q2 revenue, slightly above expectations, but earnings fell short by $0.19 per share.
Visteon reported second-quarter GAAP earnings per share of $1.80, missing estimates by $0.19. Revenue reached $960M, a 0.9% year-over-year decline but $4.17M above consensus forecasts.
Net income attributable to the company totaled $49 million, while adjusted EBITDA was $116 million, reflecting a 12.1% margin. Operating cash flow stood at $37 million, with adjusted free cash flow at $20 million.
The company highlighted a strong balance sheet, ending the quarter with $351 million in net cash. New business wins worth $2.0 billion were announced, supporting long-term growth objectives.