Visteon (NASDAQ: VC) reported Q4 EPS of $1.06, $0.11 worse than the analyst estimate of $1.17. Revenue for the quarter came in at $787 million versus the consensus estimate of $789.93 million.

GUIDANCE:

Visteon sees FY2021 revenue of $2.875-3.025 billion, versus the consensus of $3.15 billion.

• Visteon's full-year 2021 guidance projects sales in the range of $2.875 billion to $3.025 billion, adjusted EBITDA in the range of $230 million to $270 million, and adjusted free cash flow in the range of $35 million to $65 million. The 2021 sales guidance reflects current customer and supplier communication regarding the semiconductor shortages.
• "In 2021, we anticipate sales will increase approximately 16% year over year, driven by the rebound in industry production volumes and continued growth over market due to new product launches," said President and CEO Sachin Lawande. "Visteon is on schedule to launch more than 50 new products this year, which are projected to generate more than $7 billion dollars in lifetime revenue, and positions us well to achieve our 2023 targets."

For earnings history and earnings-related data on Visteon (VC) click here.