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Visteon Corporation  (VC)
Other Ticker:  
 
 
Price: $109.6400 $1.64 1.519%
Day's High: $109.895 Week Perf: 2.63 %
Day's Low: $ 108.26 30 Day Perf: -4.54 %
Volume (M): 39 52 Wk High: $ 159.87
Volume (M$): $ 4,262 52 Wk Avg: $129.60
Open: $108.50 52 Wk Low: $105.76



 Market Capitalization (Millions $) 3,125
 Shares Outstanding (Millions) 29
 Employees 25,500
 Revenues (TTM) (Millions $) 3,954
 Net Income (TTM) (Millions $) 505
 Cash Flow (TTM) (Millions $) -5
 Capital Exp. (TTM) (Millions $) 0

Visteon Corporation
Visteon Corporation is a leading global supplier of automotive systems, modules and components to global vehicle manufacturers and the automotive aftermarket. Headquartered in Dearborn, Michigan, we have global capabilities, with regional headquarters in Kerpen, Germany; Shanghai, China; and S'o Paulo, Brazil. We have a workforce of approximately 72,000 and a network of manufacturing sites, technical centers, sales offices and joint ventures located in every major region of the world.

Visteon operates in two business segments: Automotive Operations and Glass Operations.

Automotive Operations: Visteon is a leading global supplier of automotive systems, modules and components in the following product areas: climate control, interior, exterior, powertrain, chassis and electronics. Our products are featured on vehicles built by many leading automotive manufacturers, including Ford Motor Company, General Motors, Toyota, DaimlerChrysler, Volkswagen, Honda, Renault, Nissan, Hyundai, Peugeot, Mazda and BMW.

Glass Operations: Our Glass Operations segment designs, produces and distributes automotive glass products for Ford and aftermarket customers, and float glass for commercial architectural and automotive applications.

Visteon was incorporated in Delaware in January 2000 as a wholly-owned subsidiary of Ford. Ford subsequently transferred to Visteon the assets and liabilities comprising its automotive components and systems business. Visteon separated from Ford on June'28, 2000 when all of the common stock of Visteon was distributed by Ford to its shareholders.

The automotive parts industry provides systems, modules and components to vehicle manufacturers for the manufacture of new vehicles, as well as to the aftermarket for use as replacement and enhancement parts. Historically, large vehicle manufacturers operated internal divisions to provide a wide range of component parts for their vehicles. More recently, vehicle manufacturers have moved toward a competitive sourcing process for automotive parts, including increased purchases from independent suppliers, as they seek lower-priced and/or higher-technology products. Demand for aftermarket products tends to increase when vehicle owners retain their vehicles longer, as these vehicles generally have a greater need for repairs.

When working with a customer, our goal is to understand the design intent and brand image for each vehicle and leverage our extensive experience and innovative technology to deliver products that enable the customer to differentiate the vehicle. We support our components, systems and modules with a full-range of styling, design, testing and manufacturing capabilities, including just-in-time and in-sequence delivery.

Customers

Visteon sells its products primarily to global vehicle manufacturers. In addition, we sell products for use as aftermarket and service parts to automotive original equipment manufacturers and others for resale through their own independent distribution networks.

Vehicle Manufacturers

Visteon sells to all of the world's largest vehicle manufacturers including Ford, General Motors, Toyota, DaimlerChrysler, Honda, Volkswagen, Renault, Nissan, Hyundai, Peugeot, Mazda and BMW. Ford is our largest customer,.

Aftermarket

We sell products to the worldwide aftermarket as replacement parts or as customized products, such as body appearance packages and in-car entertainment systems, for current production and older vehicles.

Competition

We conduct our business in a complex and highly competitive industry. The global automotive parts industry principally involves the supply of systems, modules and components to vehicle manufacturers for the manufacture of new vehicles. Additionally, suppliers provide components to other suppliers for use in their product offerings and to the aftermarket for use as replacement or enhancement parts for older vehicles. As the supplier industry continues to consolidate, the overall number of competitors has decreased and the automotive parts industry remains extremely competitive. Vehicle manufacturers rigorously evaluate suppliers on the basis of product quality, price competitiveness, technical expertise and development capability, new product innovation, reliability and timeliness of delivery, product design capability, leanness of facilities, operational flexibility, customer service and overall management. Many of our competitors have lower cost structures, particularly with respect to wages and benefits, than our company.

Our overall product portfolio is extremely broad by industry standards. Very few other Tier 1 suppliers compete across the full range of our product areas. Visteon does have significant competition in each of its market segments; the most significant competitors by segment are listed below.

Automotive Operations. Our principal competitors in the Automotive Operations segment include the following: American Axle'& Manufacturing Holdings, Inc.; Behr GmbH'& Co. KG; Robert Bosch GmbH; Dana Corporation; Delphi Corporation; Denso Corporation; Faurecia Group; Johnson Controls, Inc.; Lear Corporation; Magna International Inc.; Siemens VDO Automotive AG; TRW Automotive Corp.; and Val'o S.A.

Glass Operations. Our principal competitors in the Glass Operations segment include the following: Asahi Glass Co., Ltd.; AFG Industries, Inc.; Guardian Industries Corp.; Pilkington plc; and PPG Industries, Inc.




   Company Address: One Village Center Drive, Van Buren Township, 48111 MI
   Company Phone Number: VISTEON   Stock Exchange / Ticker: NASDAQ VC
   


Customers Net Income grew by VC's Customers Net Profit Margin grew to

11.16 %

8.77 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
APTV   -2.56%    
BWA        4.11% 
CMI        1.06% 
DAN        4.8% 
GPC        12.2% 
MOD   -4.25%    
• View Complete Report
   



Visteon Corporation

1 Headline: Visteon Corporation's Earnings Boosted by $296 Million Tax Provisions

The recent financial results of Visteon Corporation paint a grim picture for the company's future prospects. Despite a significant increase in earnings per share, driven mainly by a one-time tax provision, the overall revenue of the company has seen a sharp decline. With revenue dropping by nearly 7% year on year and a decrease in net income compared to the previous fiscal period, it is evident that Visteon is facing challenges in maintaining its financial performance.
Furthermore, the company's inventory levels have decreased, which could indicate a slowdown in demand for its products. This, coupled with a decline in accounts receivable, suggests that Visteon may be struggling to generate consistent sales growth. The operating earnings, although improved, only saw a modest increase of 31.03%, indicating that the company's profitability may be under pressure.

Product Service News

Visteon Set to Debut Futuristic Mobility Solutions at CES 2024 Amidst Competitive Market Dynamics

Published Mon, Jan 8 2024 9:26 PM UTC

Global technology leader, Visteon Corporation (NASDAQ: VC), will unveil an array of cutting-edge solutions poised to transform the mobility industry at the Consumer Electronics Show (CES) 2024. This unveiling comes amidst a challenging financial landscape characterized by a quarterly revenue decrease of 1.17%, contrary to the trend among its competitors, who demonstrated an ...

Product Service News

Visteon's Innovative Deco Trim Command and Control Display Recognized at CES 2024 as Revenue Decrease Challenges Competitors

Published Thu, Nov 16 2023 9:05 PM UTC



Visteon Corporation, a leading provider of automotive cockpit electronics and connected car solutions, has recently made waves in the Vehicle Tech and Advanced Mobility category with its latest display product, the Deco Trim Command and Control Display. The company has been honored as a CES 2024 Innovation Awards Honoree, showcasing its commitment to pushing the bo...

Visteon Corp

Uninspiring Times: Visteon Corp Faces Challenges with Declining Revenue and Earnings in the Third Quarter of 2023



Visteon Corp, a prominent player in the Auto & Truck Parts sector, has experienced a drop in its stock price over the past 30 days. However, over the past 12 months, their stock has seen a significant increase. In addition to the stock performance, recent financial results indicate notable changes in revenue, earnings per share, and profit margins. This article will examine the implications of these results on Visteon Corp's future outlook.
1. Declining Revenue and Earnings:
Despite a decrease in revenue during the third quarter of the 2023 earnings season, Visteon Corp managed to raise its earnings per share. In comparison to the previous year, profits jumped by 50.65% to $2.32 per share, while revenue sunk by -1.17% to $1.01 billion. This decline in revenue may pose challenges for Visteon Corp and warrants further investigation into the reasons behind it.

Visteon Corp

Visteon Corp Records a 17.65% Drop in Income per Share Despite Revenue Increase in Q2 2023



Visteon Corp, a leading player in the Auto & Truck Parts industry, recently released its second-quarter financial report for 2023. The report showcased a concerning decline in profitability despite a commendable increase in revenue. Despite these mixed results, the company continues to focus on improving its sales and remains a prominent player in the industry.
Profitability Deterioration:
In the second quarter of 2023, Visteon Corp witnessed a decrease of 17.65% in income, falling to $0.70 per share. This decline in profit came as a surprise, considering the impressive revenue growth of 15.92%, totaling $983.00 million. The company's profitability deterioration raises questions about its cost management and overall efficiency.






 

Visteon's Segments
 
Electronics
 Segment     of total Revenue
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Visteon does not provide revenue guidance.

Earnings Outlook
Visteon Corporation does not provide earnings estimates.

 
Geographic Revenue Dispersion
United States
Europe
Asia
South America
Mexico
Canada
China
Czech Republic
Hungary




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