Visteon Corporation Reports Earnings Results for the Full Year Ended December 31, 2023
February 20, 2024 at 07:10 am EST
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Visteon Corporation reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was USD 3,954 million compared to USD 3,756 million a year ago. Net income was USD 486 million compared to USD 124 million a year ago.
Basic earnings per share from continuing operations was USD 17.3 compared to USD 4.41 a year ago. Diluted earnings per share from continuing operations was USD 17.05 compared to USD 4.35 a year ago.
Visteon Corporation is a global automotive technology company serving the mobility industry. The Company's platforms leverage hardware and software solutions that enable the digital, electric, and autonomous evolution of the Company's global automotive customers, including BMW, Ford, Geely, General Motors, Honda, Jaguar/Land Rover, Mahindra, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Renault, Stellantis, Tata, Toyota, and Volkswagen. The Company operates through the Electronics segment, which provides vehicle cockpit electronics products to customers, including digital instrument clusters, domain controllers with integrated advanced driver assistance systems (ADAS) displays, Android-based infotainment systems, and battery management systems. The Company designs and manufactures automotive electronics and connected car solutions, such as instrument clusters, information displays, infotainment, battery management systems, high-voltage power electronics, telematics solutions and others.