Visteon Lowers FY24 Sales Outlook To $3.85B–$3.95B Vs. $4.04BB Est (Prior View: $4B-$4.2B)
In light of the reduction of customer vehicle production in the second half and ongoing market dynamics in China, Visteon is updating its full-year 2024 guidance and anticipates sales in the range of $3.85 – $3.95 billion, adjusted EBITDA in the range of $455 – $475 million, and maintaining adjusted free cash flow in the range of $155 – $185 million.