Visteon reported net sales of $818 million, a year-over-year increase of 11% excluding the impact of currency.

Total industry production decreased 4% while vehicle production at top customers decreased 11% in the same period, reflecting supply chain constraints and the worldwide semiconductor shortage.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Despite these constraints, the company’s sales performance was 22% growth over market compared to customers’ production volume.

Gross margin in the first quarter was $76 million, and net income was $22 million or $0.77 per diluted share.

Adjusted EBITDA was $71 million for the first quarter or 8.7% of sales, an increase of $7 million.

The company won $950 million in new business in the first quarter.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Visteon is maintaining full-year 2022 guidance and anticipates sales in the range of $3.150 – $3.350 billion plus adjusted EBITDA in the range of $295 – $335 million.

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now