NASDAQ$VC

Visteon Corp · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Visteon reported an increase in fourth-quarter sales and adjusted EBITDA, driven by next-generation digital cockpit solutions.

Visteon Corporation announced its fourth-quarter and full-year 2019 financial results. The company reported Q4 sales of $744 million, a 7% growth-over-market, and a net income of $35 million. Adjusted EBITDA for the quarter was $85 million.

  • Sales of $744 million in fourth quarter
  • 7% growth-over-market in the fourth-quarter
  • Net income of $35 million in fourth quarter
  • Adjusted EBITDA of $85 million in fourth quarter

Headline financials

Total Revenue

$744M

Previous: $731M+1.8%
EPS (adj)

$1.42

Previous: $1.52-6.6%
Adjusted EBITDA

$85M

No prior period
Capital Expenditures

$142M

Previous: $127M+11.8%
Free Cash Flow

$32M

Previous: -$30M+206.7%
Net Income

$35M

Previous: $43M-18.6%
Gross Profit

$104M

Previous: $96M+8.3%
Cash & Equivalents

$469M

Previous: $463M+1.3%
Total Assets

$2.27B

Previous: $2.01B+13.2%
Stock-Based Comp

$3M

Previous: $4M-25.0%

Revenue & EPS history

Visteon · Revenue · Quarterly

$744M

Q4 2019+1.8%vs Q4 2018
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Forward guidance

Visteon projects full-year 2020 sales in the range of $3.0 billion to $3.1 billion, adjusted EBITDA in the range of $250 million to $270 million, and adjusted free cash flow in the range of $40 million to $60 million. The full-year guidance does not include any impact from the coronavirus.

Tailwinds

  • Sales in the range of $3.0 billion to $3.1 billion
  • Adjusted EBITDA in the range of $250 million to $270 million
  • Adjusted free cash flow in the range of $40 million to $60 million

Headwinds

  • Global vehicle production volumes to further decline by approximately 3%
  • Anticipating another challenging year for the automotive industry
  • Full-year guidance does not include any impact from the coronavirus

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 Q4 2019

Historical avgQ4 2019

+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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