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Visteon’s First-Quarter Earnings Triple
Visteon Corp. says booming demand for electronics helped hike its first-quarter net earnings to $63 million from $19 million in the same period last year.
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Visteon Corp. says booming demand for electronics helped hike its first-quarter net earnings to $63 million from $19 million in the same period last year.
First-quarter revenue advanced 1% to a record $810 million. The company’s business is exclusively electronics after it sold its climate-control operations in South Africa and South American last year.
Visteon says it won $1.5 billion in new business in January-March. The company’s remaining life-of-program booked sales rose $200 million to a record $16.7 billion between the end of last year and March 31.
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