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Last $108.43 USD
Change Today -1.09 / -1.00%
Volume 625.9K
As of 8:04 PM 06/1/15 All times are local (Market data is delayed by at least 15 minutes).

visteon corp (VC) Snapshot

Open
$109.95
Previous Close
$109.52
Day High
$109.95
Day Low
$108.24
52 Week High
05/29/15 - $110.48
52 Week Low
10/16/14 - $82.57
Market Cap
4.8B
Average Volume 10 Days
507.8K
EPS TTM
$3.19
Shares Outstanding
44.6M
EX-Date
--
P/E TM
34.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for VISTEON CORP (VC)

visteon corp (VC) Details

Visteon Corporation designs, engineers, and manufactures products for original equipment vehicle manufacturers worldwide. It operates in three segments: Climate, Electronics, and Other. The Climate segment offers integrated heating, ventilation, and air conditioning systems, such as evaporators, condensers, heater cores, climate controls, compressors, air handling cases, and fluid transport systems; and components and modules, including radiators, oil coolers, charge air coolers, exhaust gas coolers, battery and power electronics coolers and systems, and fluid transport systems that provide cooling and thermal management for the vehicle’s engine and transmission, as well as for batteries and power electronics on hybrid and electric vehicles. The Electronics segment provides cockpit electronic control units; audio/infotainment products, including audio and infotainment head units, connectivity solutions, amplifiers, and rear seat family entertainment systems; and a line of instrument clusters, and heads up and information displays ranging from standard analog-electronic clusters to high resolution TFT devices. It also offers a line of electronic climate control modules; and decorative control panel technologies, including various modes for user interface technologies, various display and styling-related technologies, and a range of cockpit electronic features. In addition, this segment designs and manufactures body electronics and security modules for managing various access control and immobilization functions. The Other segment provides cockpit modules, as well as customers receive services; door panels/modules and interior trim products; and console modules. The company also sells its products for use as aftermarket and service parts to automotive original equipment manufacturers and others for resale through independent distribution networks. Visteon Corporation was founded in 2000 and is headquartered in Van Buren Township, Michigan.

26,000 Employees
Last Reported Date: 05/7/15
Founded in 2000

visteon corp (VC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.2M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $684.6K
Executive Vice President and President of Vis...
Total Annual Compensation: $595.0K
Chief Accounting Officer, Senior Vice Preside...
Total Annual Compensation: $419.2K
Vice President and General Counsel
Total Annual Compensation: $333.5K
Compensation as of Fiscal Year 2014.

visteon corp (VC) Key Developments

Van Buren Township Files Suit against Visteon Corp

Van Buren Township sued Visteon Corp. in U.S. Bankruptcy Court in Delaware over the extent of a shortfall in taxpayer-funded bonds to help build its corporate headquarters a decade ago. The township says in a filing it could face a shortfall of between $23.7 million to $36.4 million by 2018 on $28 million in 30-year bonds initially issued in 2003 and has demanded Visteon take part in negotiations required under its bankruptcy exit to determine the amount Visteon should pay the township for the shortfall.

Visteon to Close Technical Centre in US

Visteon announced that the company is to close its operations in Holland, Michigan, United States, by the end of 2015. At present, the technical centre employs 240 workers. Of these, 145 will be shifted to the company's facility in Van Buren Township, Detroit, 30 will be transferred across global operations, and the remaining posts will be eliminated. Visteon plans to shut the Holland technical centre as most of its clients are located in metropolitan Detroit, 180 miles away. The move will enable the company to serve customers more effectively by consolidating and simplifying its US footprint in close proximity to vehicle manufacturers.

Visteon Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Increases Earnings Guidance for the Full Year 2015

Visteon Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, sales were $2,029 million against $1,718 million a year ago. Income from continuing operations before income taxes was $94 million against $85 million a year ago. Net income from continuing operations was $93 million or $1.60 per diluted share against $54 million or $0.52 per diluted share a year ago. Net income attributable to the company was $50 million or $1.10 per diluted share against $19 million or $0.39 per diluted share a year ago. Net cash provided from operating activities was $173 million against $96 million a year ago. Capital expenditures were $173 million against $96 million a year ago. Adjusted net income was $93 million or $2.04 per share against $32 million or $0.65 per share a year ago. Adjusted EBITDA for the first quarter of 2015 was $189 million, compared with $161 million for the same period a year earlier, primarily reflecting the impact of the JCI electronics acquisition, favorable volume and new business, and positive cost performance, partially offset by currency impacts. Adjusted free cash flow was $139 million in the quarter, compared with $64 million generated in the first quarter of 2014. The company generated $12 million of cash from operations related to the Electronics Product Group and Corporate costs. The company increased its full-year 2015 guidance for its key financial metrics to reflect improved performance despite the negative impact of currency movements. The company projects 2015 sales for the Electronics Product Group of $3.0 billion. Adjusted EBITDA for the Electronics Product Group and Corporate costs is projected in the range of $245 million to $265 million. Adjusted free cash flow for the Electronics Product Group and Corporate costs is projected in the range of $40 million to $80 million.

 

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Industry Analysis

VC

Industry Average

Valuation VC Industry Range
Price/Earnings 51.1x
Price/Sales 0.6x
Price/Book 5.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.3x
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