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One-Time Gains Hike Visteon’s Profit
Visteon Corp. says special items boosted its second-quarter net income 73% to $45 million.
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Visteon Corp. says special items boosted its second-quarter net income 73% to $45 million.
Revenue was flat at $774 million, as a 38% gain in China offset the effects of unfavorable exchange rates and the sale of climate control operations in South Africa and South America.
The company affirms its full-year outlook for sales between $3.1 billion and $3.2 billion. Visteon anticipates an adjusted EBITDA of $355 million-$370 million compared with $346 million last year.
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