Visteon Q1 2023 Earnings Report

Visteon EPS Results

• Actual EPS: $1.25
• Consensus EPS: $1.36
• Beat/Miss: Missed by -$0.11
• One Year Ago EPS: $1.09

Visteon Revenue Results

• Actual Revenue: $967.00 million
• Expected Revenue: $941.30 million
• Beat/Miss: Beat by +$25.70 million
• YoY Revenue Growth: +18.20%

Visteon Announcement Details

• Quarter: Q1 2023
• Date: 4/27/2023
• Time: Before Market Opens

Visteon (NASDAQ:VC), an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding. It offers wired and wireless battery management systems; power electronics units; and telematics control units to enable secure connected car services, software updates, and data. In addition, the company provides SmartCore, an automotive-grade, integrated domain controller; SmartCore Runtime, a middleware enabling communication between domains and apps to be shown on any display; SmartCore Studio, a PC-based configuration tool to generate hypervisor configurations; and body domain modules, which integrate various functions, such as central gateway, body controls, comfort, and vehicle access solutions, into one device. Visteon Corporation was incorporated in 2000 and is headquartered in Van Buren, Michigan.