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VAN BUREN TOWNSHIP, Mich. - On Thursday, Visteon Corporation (NASDAQ:VC) reported second quarter earnings that exceeded analyst expectations, while also announcing its first-ever quarterly dividend and raising its full-year outlook.
The digital cockpit technology provider saw its shares rise 1.91% in pre-market trading following the announcement.
The company reported adjusted earnings of $2.39 per share for the second quarter, significantly beating the analyst estimate of $2.06. Revenue came in at $969 million, surpassing the consensus estimate of $958.39 million, despite being down 4.4% YoY from $1.014 billion in the same quarter last year.
"Our second quarter represents another quarter of proof points supporting our long-term growth strategy," said President and CEO Sachin Lawande. "We launched 21 new products across eight OEMs, secured $2.0 billion in new business, and expanded into adjacent markets."
Despite lower revenue, which the company attributed primarily to reduced Battery Management System volumes and softness in China, Visteon delivered adjusted EBITDA of $134 million. The company generated $165 million in operating cash flow and $105 million in adjusted free cash flow for the first six months of 2025.
In a significant move for shareholders, Visteon’s Board of Directors initiated a quarterly dividend of $0.275 per share, payable on September 5 to shareholders of record as of August 18. The company also plans to resume share repurchases after pausing them in the second quarter due to tariff uncertainties.
Visteon raised its full-year 2025 guidance, now expecting sales of $3.70 billion to $3.85 billion (up from $3.65-3.85 billion), adjusted EBITDA of $475-505 million (up from $450-480 million), and adjusted free cash flow of $195-225 million (up from $175-205 million).
The company ended the quarter with a strong balance sheet, reporting $671 million in cash and $310 million in debt, resulting in a net cash position of $361 million.
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