Strong Financial Performance
Visteon reported net sales of $969 million, higher than anticipated, driven by strong demand for digital cockpit products. Adjusted EBITDA was $134 million with a margin of 13.8%, and adjusted free cash flow was $67 million.
New Product Launches and Business Wins
The company launched 21 new products and won $2 billion in new business in the quarter, bringing the year-to-date total to just under $4 billion. Key wins include a 48-inch OLED display for a German luxury automaker and a cockpit domain controller for TRATON.
Increased Guidance and Dividend Initiation
Visteon reinstated and increased guidance for the full year and announced a quarterly dividend, highlighting confidence in generating free cash flow and commitment to returning capital to shareholders.
Operational Efficiency and Strategic Investments
The company expanded profit margins through productivity measures and continued investing in vertical integration and engineering services, including acquiring a German engineering services company.