NASDAQ$VC

Visteon Corp · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Visteon reported a strong third quarter, driven by base sales growth and market outperformance.

Visteon's third quarter 2023 results showed a solid performance with sales of $1,014 million and base sales growth of 9%. The company achieved net income of $66 million and adjusted EBITDA of $128 million. Visteon also updated its full-year 2023 guidance to reflect strong year-to-date performance and market outlook.

  • Sales reached $1,014 million, with a base sales growth of 9%.
  • The company marked its 18th consecutive quarter of growth-over-market.
  • Net income was reported at $66 million, equating to $2.32 per diluted share.
  • Adjusted EBITDA stood at $128 million.

Headline financials

Total Revenue

$1.01B

Previous: $1.03B-1.2%
EPS (adj)

$2.35

Previous: $1.58+48.7%
Adjusted EBITDA

$128M

Previous: $95M+34.7%
Capital Expenditures

-$31M

No prior period
Free Cash Flow

$66M

Previous: $44M+50.0%
Net Income

$66M

Previous: $44M+50.0%
Operating Income

$93M

Previous: $54M+72.2%
Gross Profit

$143M

Previous: $104M+37.5%
Cash & Equivalents

$481M

Previous: $362M+32.9%
Total Assets

$2.36B

Previous: $2.33B+1.3%
Stock-Based Comp

$9M

Previous: $6M+50.0%

Revenue & EPS history

Visteon · Revenue · Quarterly

$1.01B

Q3 2023-1.2%vs Q3 2022
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

Visteon is updating its full-year 2023 guidance and anticipates sales in the range of $3.950 – $4.025 billion, adjusted EBITDA in the range of $415 – $445 million, and adjusted free cash flow in the range of $115 – $165 million.

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 2023

Historical avgQ3 2023

+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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