Shares of auto parts supplier Visteon Corporation (VC) jumped 5.71% in pre-market trading on Tuesday after the company reported better-than-expected fourth quarter earnings. The strong results were driven by robust revenue growth and margin expansion.
For the quarter ended December 31, 2024, Visteon reported net income of $122 million, or $4.37 per diluted share, beating analysts' consensus estimate of $1.97 per share. Revenue came in at $939 million, slightly missing expectations of $954.17 million but still up from $990 million a year ago.
The company saw strength across its product lines, with record new business wins of $6.1 billion for the full year 2024. Adjusted EBITDA rose to $474 million for 2024, up from $434 million in the prior year, reflecting strong operational performance and cost discipline. Visteon also generated record adjusted free cash flow of $300 million, benefiting from the EBITDA improvement and working capital management.
Looking ahead, Visteon forecasts 2025 sales in the range of $3.65 billion to $3.85 billion, adjusted EBITDA of $450 million to $480 million, and adjusted free cash flow of $175 million to $205 million. The company's CEO highlighted the strong new business bookings as providing a solid foundation for future growth.