Visteon Corporation announced a third quarter 2014 net loss of US$21m ($0.46 a share) on sales of $1.97bn. Adjusted EBITDA excluding discontinued operations was $142m, compared with $126m in Q3 2014.
“We had a solid quarter and are on track to achieve our full-year 2014 financial guidance,” said president and CEO Timothy Leuliette.
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Third-quarter sales of $1.97bn were up $486m year on year.
Gross margin for the third quarter was $192m, compared with $135m.
The net loss of $21m was $64m lower than the profit booked in Q3 2013.
Visteon projects 2014 sales of $7.6bn, adjusted EBITDA including discontinued operations in the range of $700m to $730m, and adjusted earnings per share in the range of $2.98 to $3.62.
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