Visteon Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 03, 2023 at 07:18 am EDT
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Visteon Corporation reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 983 million compared to USD 848 million a year ago. Net income was USD 20 million compared to USD 24 million a year ago. Basic earnings per share from continuing operations was USD 0.71 compared to USD 0.85 a year ago. Diluted earnings per share from continuing operations was USD 0.7 compared to USD 0.85 a year ago.
For the six months, sales was USD 1,950 million compared to USD 1,666 million a year ago. Net income was USD 54 million compared to USD 46 million a year ago. Basic earnings per share from continuing operations was USD 1.91 compared to USD 1.64 a year ago. Diluted earnings per share from continuing operations was USD 1.88 compared to USD 1.61 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.
VISTEON CORPORATION 
