NASDAQ$VC

Visteon Corp · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Visteon reported a strong second quarter with significant sales growth and new business wins.

Visteon reported a 42% increase in sales, reaching $848 million, driven by new product launches and positive pricing. The company achieved net income of $24 million and adjusted EBITDA of $79 million. Visteon secured $3.1 billion in new business wins in the first half of the year.

  • Sales increased by 42% compared to the prior year, reaching $848 million.
  • Achieved the 13th consecutive quarter of growth-over-market.
  • Net income was reported at $24 million.
  • Adjusted EBITDA reached $79 million, representing 9.3% of sales.

Headline financials

Total Revenue

$848M

Previous: $610M+39.0%
EPS (adj)

$1.34

Previous: -$0.32+518.8%
Adjusted EBITDA

$79M

Previous: $30M+163.3%
Free Cash Flow

$24M

Previous: -$11M+318.2%
Net Income

$24M

Previous: -$11M+318.2%
Operating Income

$25M

Previous: -$14M+278.6%
Gross Profit

$74M

Previous: $35M+111.4%
Cash & Equivalents

$322M

Previous: $466M-30.9%
Total Assets

$2.15B

Previous: $2.12B+1.1%
Stock-Based Comp

$8M

Previous: $5M+60.0%

Revenue & EPS history

Visteon · Revenue · Quarterly

$848M

Q2 2022+39%vs Q2 2021
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

Visteon is maintaining full-year 2022 guidance.

Tailwinds

  • Sales in the range of $3.150 – $3.350 billion
  • Adjusted EBITDA in the range of $295 – $335 million
  • Adjusted Free Cash Flow in the range of $85 – $115 million
  • Double-digit growth-over-market performance
  • Strong quarter of new business wins with over $2 billion in lifetime revenue

Headwinds

  • Constrained supply environment
  • Lockdown in Shanghai due to COVID-19
  • Supply chain disruptions
  • Semiconductor shortages
  • Uneven supply of semiconductors

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+0.7%

Avg return

Earnings day

+1.7%

Avg return

5 days after

+0.3%

Avg return

30 days after

61%

38 / 62 earnings

Positive

+14.2%

Q4 2021

Best reaction

-20.0%

Q1 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+9.5%+10.4%+13.3%
Q4 2025-11.4%-7.8%-19.7%
Q3 2025-4.7%-7.0%-11.6%
Q2 2025-1.5%-1.2%+0.9%
Q1 2025+4.6%+8.4%+11.3%
Q4 2024+5.0%+6.5%-1.4%
Q3 2024+6.0%+9.6%+5.0%
Q2 2024+4.9%+8.0%-5.1%
Q1 2024+0.9%-0.5%-1.2%
Q4 2023-2.0%-3.4%-3.3%
Q3 2023-4.0%-7.4%-4.7%
Q2 2023-1.0%-1.0%-3.3%
Q1 2023-3.5%-6.7%-5.0%
Q4 2022+2.5%+1.1%-4.4%
Q3 2022-1.7%+4.5%+14.9%
Q2 2022+7.9%+7.1%+2.7%
Q1 2022+11.8%+16.3%+14.1%
Q4 2021+14.2%+21.1%+2.6%
Q3 2021+11.3%+13.6%+11.3%
Q2 2021+1.8%+1.7%-2.0%
Q1 2021-1.8%-4.3%-1.2%
Q4 2020-10.8%-9.4%-3.2%
Q3 2020+8.8%+12.1%+47.4%
Q2 2020-4.1%+1.5%+0.9%
Q1 2020+1.8%+0.4%+21.6%
Q4 2019-11.3%-22.0%-45.5%
Q3 2019+13.5%+11.5%+11.1%
Q2 2019+5.1%+7.2%-2.5%
Q1 2019-20.0%-17.2%-41.2%
Q4 2018+7.5%+4.9%-17.4%
Q3 2018-1.7%+3.1%+8.4%
Q2 2018-8.1%-6.0%-9.6%
Q1 2018+5.1%+5.8%+9.6%
Q4 2017+1.8%-0.0%-12.6%
Q3 2017+3.4%+3.3%+6.9%
Q2 2017+1.3%+1.3%+1.9%
Q1 2017+4.5%+2.0%+1.8%
Q4 2016-0.3%-1.9%+1.3%
Q3 2016+2.6%+2.6%+16.3%
Q2 2016+1.4%-1.4%+2.8%
Q1 2016-0.4%
Q4 2015+3.8%
Q3 2015+6.0%
Q2 2015+2.7%
Q1 2015+3.8%
Q4 2014-2.0%
Q3 2014+3.5%
Q2 2014+0.5%
Q1 2014+1.7%
Q4 2013-3.1%
Q3 2013-2.2%
Q2 2013+3.9%
Q1 2013+2.6%
Q4 2012+2.1%
Q3 2012+10.8%
Q2 2012-13.1%
Q1 2011-5.2%
Q1 2012+0.9%
Q4 2011+0.4%
Q3 2011+4.8%
Q2 2011-8.6%
Q4 2010-16.5%
Q2 2010
Q1 2010

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