Visteon Announces First Quarter 2024 Financial Results

April 25, 2024

https://www.globenewswire.com/news-release/2024/04/25/2869456/0/en/Visteon-Announces-First-Quarter-2024-Financial-Results.html

VAN BUREN TOWNSHIP, Mich., April 25, 2024 (GLOBE NEWSWIRE) — Visteon Corporation (NASDAQ:VC) today reported first quarter financial results. Highlights include:

Visteon reported net sales of $933 million compared to $967 million in the first quarter of the prior year. The decline in net sales was primarily due to lower recoveries resulting from improved semiconductor supply in the first quarter of 2024 and 1% lower customer vehicle production. Visteon’s sales outperformed customer vehicle production volumes by 2%1, driven by the ramp up of recent product launches and continued growth of our electrification products.

Read more at globenewswire.com

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