VC - Visteon Q4 Revenues Dip 7% Issues FY24 Revenue Outlook Below Estimates | Benzinga
Visteon Corporation (NASDAQ:VC) reported fourth-quarter sales of $990 million, missing the street view of $1.049 billion.
Quarterly sales fell almost 7% year over year. The decline in net sales was primarily due to lower recoveries resulting from improved semiconductor supply in 2023.
Adjusted EBITDA of $117 million in the fourth quarter increased $14 million compared to the prior year, primarily reflecting strong operating performance, the ongoing benefits of cost and commercial discipline, and lower net engineering cost due ...