Visteon Announces Second Quarter 2025 Financial Results, Initiates Quarterly Dividend and Reinstates and Raises Full Year Guidance

About this update from Visteon Corporation

[{"type":"text","content":"VAN BUREN TOWNSHIP, Mich., July 24, 2025 /PRNewswire/ -- Visteon Corporation (NASDAQ: VC) today reported second quarter financial results. Highlights include:\n\n \n \n \n \n \n \n\n \nSales of $969 million Net income of $65 millionAdjusted EBITDA of $134 millionOperating cash flow of $165 million and adjusted free cash flow of $105 million for the first six monthsHealthy balance sheet with net cash of $361 million at quarter endNew business wins of $2.0 billion and 21 new product launchesClosed bolt-on acquisition of technology services companyInitiated quarterly dividendSecond Quarter Results\nVisteon delivered solid results in the second quarter reflecting the continued strength of its digital cockpit portfolio and disciplined operational execution. Sales for the quarter totaled $969 million, compared to $1,014 million in the prior year. The year-over-year decline was primarily driven by lower Battery Management System volumes and softness in China, partially offset by the ramp-up of recent program launches. Despite the lower revenue, the Company's solid operational performance generated increased profitability and cash.\nGross margin in the second quarter was $141 million. Net income attributable to Visteon was $65 million or $2.36 per diluted share. Adjusted EBITDA, a non-GAAP measure defined below, was $134 million supported by continued operational discipline, favorable nonrecurring items, and cost efficiencies across the business. These results reflect Visteon's ability to deliver consistent earnings performance while navigating a dynamic macroeconomic and industry environment.\nFor the six months ended June 30, 2025, the Company generated $165 million in operating cash flow and $105 million in adjusted free cash flow, a non-GAAP measure defined below. Capital expenditures during the first half were $66 million. Visteon ended the second quarter with $671 million in cash and $310 million in debt, resulting in a net cash position of $361 million. The Company's strong balance sheet provides the flexibility to support ongoing investments in growth and return capital to shareholders.\nNew business momentum remained strong in the quarter, with $2.0 billion in new wins, bringing the year-to-date total to $3.9 billion. These wins were led by advanced display programs, including a 48-inch pillar-to-pillar display award with a Ger...

More updates from Visteon Corporation