Visteon Announces Fourth-Quarter and Full-Year 2009 Results; Reports Net Income
For the fourth quarter of 2009, Visteon reported net income of $276 million, or $2.12 per share, on sales of $2.03 billion.
VAN BUREN TOWNSHIP, Mich., Feb. 26, 2010 /PRNewswire-FirstCall/ --
Full-Year 2009 Financial Summary
* Product sales of $6.42 billion – down $2.7 billion from prior year * Net income of $128 million – up $809 million from prior year * Adjusted EBITDA of $454 million – up $96 million from prior year * Cash generated by operating activities of $141 million – up $257 million from prior year * Year-end cash balance of nearly $1.1 billion * Product quality and employee safety at best-ever levels
Fourth Quarter 2009 Financial Summary
* Product sales of $1.97 billion – up $420 million year-over-year * Net income of $276 million; adjusted EBITDA of $230 million * Cash generated by operating activities of $292 million
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.