Key Developments: Visteon Corp (VC)

VC on New York Consolidated

65.52USD
21 May 2013
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Latest Key Developments (Source: Significant Developments)

Visteon Corp Reaffirms FY 2013 Revenue And EBITDA Guidance; Updates FY 2013 EPS Guidance To A Range In Line With Analysts' Estimates
Thursday, 9 May 2013 06:00am EDT 

Visteon Corp reaffirmed fiscal 2013 guidance and expects sales in a range of $7.3 billion to $7.5 billion, adjusted EBITDA in the range of $620 million to $660 million. To reflect the impact of updated income tax projections, the Company updated its fiscal 2013 guidance for adjusted earnings per share (EPS), a non-GAAP measure in a range of $4.04 to $5.52. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $7.3 billion, EBITDA of $623 million and EPS of $4.04 for fiscal 2013.  Full Article

Visteon Corp Issues FY 2013 Guidance Above Analysts' Estimates
Thursday, 28 Feb 2013 06:00am EST 

Visteon Corp announced that for fiscal 2013, it expects sales in the range from $7.3 billion to $7.5 billion, adjusted EBITDA in the range of $620 million to $660 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $7.2 billion and EBITDA of $605 million for fiscal 2013.  Full Article

Visteon Corp Announces Share Repurchase Program Increase
Monday, 14 Jan 2013 05:00pm EST 

Visteon Corp announced that board of directors has reauthorized the Company's current $100 million share repurchase program and increased the repurchase amount to include an additional $200 million worth of its common shares over the next two years. This action creates a total of $250 million available with which to repurchase shares, as the company has already repurchased $50 million worth of its common shares since the initial share repurchase program was authorized in August 2012 . This creates a total share repurchase program of $300 million .  Full Article

Visteon Corp Sees FY 2012 Revenue Guidance At Upper End Of Prior Range; Narrows FY 2012 EBITDA Guidance
Thursday, 1 Nov 2012 06:00am EDT 

Visteon Corp moved its sales guidance for fiscal 2012 to the upper end of the previously announced range and has narrowed the range of previously announced earnings guidance for 2012. The Company expects fiscal 2012 product sales to be approximately $6.8 billion and adjusted EBITDA to be in the range of $590 million to $610 million.  Full Article

Visteon Corp Appoints New Chief Financial Officer
Wednesday, 31 Oct 2012 08:31am EDT 

Visteon Corp announced that Jeffrey M. Stafeil will serve as executive Vice President and Chief Financial Officer. Stafeil, who will become CFO on November 2, 2012.  Full Article

Visteon Corp Announces Chief Financial Officer Transition
Wednesday, 3 Oct 2012 05:06pm EDT 

Visteon Corp announced that Martin E. Welch III has stepped down as executive vice president and Chief Financial Officer(CFO). Michael J. Widgren, who has been vice president, corporate controller and chief accounting officer since May 2007, will serve as CFO on an interim basis until a permanent replacement is named.  Full Article

Visteon Corp Names Timothy D. Leuliette CEO And President And Francis M. Scricco As Non-Executive Chairman
Monday, 1 Oct 2012 08:01am EDT 

Visteon Corp announced that the Board of Directors has named Timothy D. Leuliette Chief Executive Officer (CEO) and President, effective immediately. Leuliette has served as Interim CEO, President and Chairman of the board since August 10, when Don Stebbins stepped down from those positions. Also effective immediately, the board has separated the roles of chairman and CEO (which had previously been consolidated) and has named Francis M. Scricco, who joined the Visteon board on Aug. 10 of this year, as non-executive chairman of the board. With the naming of Scricco as Chairman, Kevin Dowd has stepped down from the post of independent lead director.  Full Article

Visteon Corp Steps Down As Chairman Of Board And CEO
Monday, 13 Aug 2012 06:00am EDT 

Visteon Corp announced that Don Stebbins stepped down as chairman, chief executive officer and president of the Company on August 10, 2012. The Visteon board has appointed current director Timothy D. Leuliette interim chairman of the board and interim CEO and president.  Full Article

Visteon Corp Lowers High End Of Prior FY 2012 Guidance To A Range ; Lowers FY 2012 EBITDA Guidance-Conference Call
Thursday, 2 Aug 2012 08:00am EDT 

Visteon Corp announced that for fiscal 2012, it expects sales of $6.6-$6.8 billion, and adjusted EBITDA is projected at $580-$620 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $7.3 billion and EBITDA of $635 million for fiscal 2012.  Full Article

Visteon Corp Completes Sale of Automotive Lighting Business to Varroc Group
Thursday, 2 Aug 2012 06:00am EDT 

Visteon Corp announced that it has completed the sale of its automotive lighting business to Varroc Group, a global provider of automotive parts, for $72 million in cash. The two companies announced plans for the sale on March 12, 2012. That transaction is expected to be completed after Varroc finishes its due diligence process and other conditions are satisfied.  Full Article

Visteon Corp News

Visteon raises full-year profit forecast

- Automotive parts supplier Visteon Corp jacked up its forecast for adjusted full-year earnings after reporting stronger-than-expected first-quarter earnings on higher vehicle production in Asia and North America.

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