Visteon Revises FY24 Outlook: Sees Net Sales Of $3.85B-$3.90B Vs. $3.89B (Prior View: $3.85B-$3.95B); Projects Adjusted EBITDA Of $465M-$480M (Prior View: $455M–$475M)
Portfolio Pulse from Nabaparna Bhattacharya
Visteon has revised its fiscal year 2024 outlook, adjusting its net sales projection to $3.85B-$3.90B from the previous $3.85B-$3.95B, and its adjusted EBITDA to $465M-$480M from the prior $455M-$475M.
October 24, 2024 | 11:17 am
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Visteon has slightly adjusted its FY24 financial outlook, narrowing its net sales range and increasing its adjusted EBITDA forecast.
Visteon's updated guidance shows a slight narrowing of the net sales range and an increase in the adjusted EBITDA forecast. This suggests a stable outlook with a slight positive adjustment in profitability expectations, which may not significantly impact the stock price in the short term.
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IMPORTANCE 70
RELEVANCE 100