NASDAQ$VC

Visteon Corp · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Visteon's Q3 2020 results were announced, showcasing increased net sales and profitability.

Visteon reported Q3 2020 net sales of $747 million, a 3% increase year-over-year excluding currency impact. The company achieved a net income of $6 million, or $0.21 per diluted share, and an adjusted EBITDA of $87 million, representing 11.6% of sales. Visteon also secured $1.5 billion in new business wins and launched a record 23 new products during the quarter.

  • Net sales reached $747 million, up 3% year-over-year excluding currency effects.
  • Net income was reported at $6 million, with diluted earnings per share of $0.21.
  • Adjusted EBITDA stood at $87 million, which is 11.6% of sales.
  • The company won $1.5 billion in new business and launched a record 23 new products.

Headline financials

Total Revenue

$747M

Previous: $731M+2.2%
EPS (adj)

$1.36

Previous: $0.53+156.6%
Adjusted EBITDA

$87M

No prior period
Free Cash Flow

$6M

Previous: $14M-57.1%
Net Income

$6M

Previous: $14M-57.1%
Operating Income

$11M

Previous: $13M-15.4%
Gross Profit

$99M

Previous: $84M+17.9%
Cash & Equivalents

$431M

Previous: $443M-2.7%
Total Assets

$2.16B

Previous: $2.16B+0.0%
Stock-Based Comp

$4M

Previous: $3M+33.3%

Revenue & EPS history

Visteon · Revenue · Quarterly

$747M

Q3 2020+2.2%vs Q3 2019
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Forward guidance

The company has withdrawn its financial guidance and, due to the continued uncertainty of market conditions, will not be providing revised guidance until there is better clarity regarding the COVID-19 impact.

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 Q3 2020

Historical avgQ3 2020

+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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