VISTEON CORP
For the period ended Sep 30, 2024. Filed Oct 24, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 24, 2024
VC$80.39+3.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited)
Item 1. Condensed Consolidated Financial Statements
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(In millions except per share amounts)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net sales | $980 | $1,014 | $2,927 | $2,964 |
| Cost of sales | (849) | (871) | (2,530) | (2,607) |
| Gross margin | 131 | 143 | 397 | 357 |
| Selling, general and administrative expenses | (51) | (52) | (152) | (156) |
| Restructuring, net | (28) | — | (31) | (2) |
| Interest expense | (4) | (4) | (12) | (13) |
| Interest income | 4 | 3 | 12 | 6 |
| Equity in net income (loss) of non-consolidated affiliates | (3) | (1) | (7) | (8) |
| Other income (expense), net | 2 | 3 | 7 | (4) |
| Income (loss) before income taxes | 51 | 92 | 214 | 180 |
| Provision for income taxes | (11) | (21) | (55) | (48) |
| Net income (loss) | 40 | 71 | 159 | 132 |
| Less: Net (income) loss attributable to non-controlling interests | (1) | (5) | (7) | (12) |
| Net income (loss) attributable to Visteon Corporation | $39 | $66 | $152 | $120 |
| Comprehensive income (loss) | $69 | $58 | $153 | $114 |
| Less: Comprehensive (income) loss attributable to non-controlling interests | (7) | (4) | (10) | (6) |
| Comprehensive income (loss) attributable to Visteon Corporation | $62 | $54 | $143 | $108 |
| Basic earnings (loss) per share attributable to Visteon Corporation | $1.41 | $2.35 | $5.51 | $4.26 |
| Diluted earnings (loss) per share attributable to Visteon Corporation | $1.40 | $2.32 | $5.45 | $4.20 |
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