Trade Visteon Corp - VC CFD

Visteon Company profile

About Visteon Corp

Visteon Corporation is an automotive supplier that designs, engineers, and manufactures automotive electronics and connected car solutions for the vehicle manufacturers including Ford, Mazda, Volkswagen, General Motors, Renault/Nissan, BMW, Jaguar/Land Rover, Daimler, and Stellantis. The Company operates through one segment: Electronics. The Electronics segment provides vehicle cockpit electronics products to customers, including instrument clusters, information displays, infotainment systems, audio systems, telematics solutions, head-up displays, as well as battery monitoring systems. The Company offers a full line of instrument clusters, from standard analog gauge clusters to high-resolution, all-digital, fully reconfigurable, two-dimensional (2-D) and three-dimensional (3-D) display-based devices. It also offers a range of information displays for various applications within the cockpit, incorporating a sleek profile, and touch sensors.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Visteon Corp revenues increased 9% to $2.77B. Net income totaled $41M vs. loss of $56M. Revenues reflect Other (includes HUD) segment increase of 90% to $228M, China Domestic segment increase of 20% to $576M, India segment increase of 62% to $151M. Net Income reflects Selling, general and administrative expe decrease of 9% to $175M (expense), Interest expense decrease of 38% to $10M (expense).

Equity composition

Common Stock $0.01 Par, 3/11, 250M auth., 50,759,380 issd. Insiders own 2.65%. Shares issd. 6/28/00 in a spin-off from Ford Motor Company. Basis: 0.130933-for-1. (130M shares issd.) 03/09, Company delisted from NYSE to OTC Pink Sheets.