Visteon (VC) Tops Q2 EPS by 68c

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Visteon Announces Second-Quarter 2020 Results

July 30, 2020 6:55 AM EDT

Net sales of $371 million; 48% reduction Y/Y excluding currencyIndustry production down 45% Y/Y; Visteon customers down 53% Y/YVisteon sales outperformed customer production by five percentage points$1.7 billion in new business and 21 new product launches YTDCash of $759 million; no significant near-term debt maturities

VAN BUREN TOWNSHIP, Mich., July 30, 2020 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ: VC) today announced that despite a drastic market... More