Visteon Announces First-Quarter 2021 Results
VAN BUREN TOWNSHIP, Mich., April 29, 2021 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ: VC) today announced first-quarter net sales of $746 million, representing a year-over-year increase of 14% excluding the impact of currency. Visteon’s sales performance represented a 14% growth-over-market compared to the production volumes of its customers. Gross margin in the first quarter was $73 million, and net income attributable to Visteon was $16 million or $0.56 per diluted share. Adjusted EBITDA, a non-GAAP measure as defined below, was $64 million for the first quarter or 8.6% of sales...
Source: globenewswire.com