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