Brief: Visteon Corp Announces Third-Quarter 2021 Results

Visteon

28/10/2021 14:30

Oct 28 (Reuters) - Visteon Corp  VC.O :
    * VISTEON ANNOUNCES THIRD-QUARTER 2021 RESULTS
    * Q3 EARNINGS PER SHARE $0.18
    * SEES FY SALES $2.6 BILLION TO $2.65 BILLION
    * Q3 SALES FELL 17 PERCENT TO $631 MILLION
    * UPDATING 2021 FULL-YEAR GUIDANCE TO REFLECT SUPPLY CHAIN ENVIRONMENT
    * TOTAL INDUSTRY PRODUCTION DECREASED 20% WHILE VEHICLE PRODUCTION AT
VISTEON'S
TOP CUSTOMERS DECREASED 25% IN QUARTER
    * COMPANY NOW PROJECTS FULL-YEAR SALES IN RANGE OF $2.60 BILLION TO $2.65
BILLION
    * SEES FY ADJUSTED EBITDA IN RANGE OF $165 MILLION TO $175 MILLION, AND
ADJUSTED
FREE CASH FLOW TO BE BREAK-EVEN
    * Q3 EARNINGS PER SHARE VIEW $0.15, REVENUE VIEW $639.7 MILLION -- REFINITIV
IBES
DATA
    * FY2021 REVENUE VIEW $2.72 BILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX8CvdXB 
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