Strong New Business Wins
Visteon secured $1.8 billion in new business during the quarter and expects to close the year with over $7 billion in new business awards, surpassing the initial target of $6 billion.
28 New Product Launches
The company launched 28 new products across 10 different OEMs, including advanced cockpit systems and digital clusters, showcasing their market fit and program execution capabilities.
Adjusted EBITDA Margin Improvement
Adjusted EBITDA was $119 million, with a margin of 13%, improved by 90 basis points year-over-year, driven by product costing and productivity improvements.
Resumed Capital Returns
Visteon resumed capital returns to shareholders with a newly initiated quarterly dividend and plans for additional share repurchases.