Month: April 2024

VAN BUREN TOWNSHIP, Mich., April 25, 2024 (GLOBE NEWSWIRE) — Visteon Corporation (NASDAQ: VC) today reported first quarter financial results. Highlights include:Net sales of $933 million with a return to positive growth-over-market1 Net income of $42 million Adjusted EBITDA of $102 million or 10.9% of sales Operating cash flow of $69 million and adjusted free cash flow of $34 million Launched 26 new products across 14 OEMs Won $1.4 billion in new business, including over $400 million of displays wins Net cash of $175 million at quarter endVisteon reported net sales of $933 million compared to $967 million in the first quarter of the prior year. The decline in net sales was primarily due to lower recoveries resulting from improved semiconductor supply in the first quarter of 2024 and 1% lower customer vehicle production. Visteon’s...

First Quarter 2024 HighlightsNet sales totaled $915 million, down 6% on a reported basis and 5% at constant currency* Net income totaled $66 million; Net income margin 7.2% Adjusted EBITDA* totaled $151 million; Adjusted EBITDA margin* of 16.5% Net cash provided by operating activities totaled $84 million Adjusted free cash flow* totaled $68 million Repurchased $109 million of Common StockReiterated Full Year 2024 OutlookNet sales of $3,870 million, flat on a reported and constant currency basis* Net income of $253 million; Net income margin 6.5% Adjusted EBITDA* of $620 million; Adjusted EBITDA margin* of 16.0% Net cash provided by operating activities of $420 million Adjusted free cash flow* of $375 millionROLLE, Switzerland, April 25, 2024 (GLOBE NEWSWIRE) — Garrett Motion Inc. (Nasdaq: GTX) (the “Company”),...

Strong 2024 momentum anchored by cash flow growth Solid CSB revenue growth, up 5%, and segment Adjusted EBITDA, up 8% Streamlined focus on innovation and growth in core consumer markets Returned capital to shareholders through increased dividend and share repurchase BOCA RATON, Fla., April 25, 2024 (GLOBE NEWSWIRE) — ADT Inc. (NYSE: ADT), the most trusted brand in smart home and small business security, today reported results for the first quarter of 2024. Financial highlights for the first quarter are listed below. Except for cash flow measures, prior period amounts have been recast to exclude ADT’s former commercial business, consistent with continuing operations GAAP presentation following the sale of the commercial business. Variances are on a year-over-year basis unless otherwise noted. First Quarter 2024Total revenue of...

FALLS CHURCH, Va., April 25, 2024 (GLOBE NEWSWIRE) — Northrop Grumman Corporation (NYSE: NOC) has released its first quarter 2024 financial results. A copy of the earnings release has been furnished in the company’s Form 8-K filing and is also available on the company’s investor relations website at http://investor.northropgrumman.com. As previously announced, Northrop Grumman will webcast its earnings conference call at 9 a.m. Eastern time today. A live audio broadcast of the conference call will be available on http://investor.northropgrumman.com. To listen to the call, go to the website at least 15 minutes before the call to register. Northrop Grumman is a leading global aerospace and defense technology company. Our pioneering solutions equip our customers with the capabilities they need to connect and protect the world,...

COLUMBUS, Ohio, April 25, 2024 (GLOBE NEWSWIRE) — Bread Financial Holdings, Inc. (NYSE: BFH), a tech-forward financial services company that provides simple, flexible payment, lending and saving solutions, today announced its first quarter 2024 financial results. All earnings-related materials are now available at the company’s investor relations website, here. Bread Financial President and Chief Executive Officer Ralph Andretta and Chief Financial Officer Perry Beberman will host a conference call at 8:30 a.m. ET today to discuss results. A link to the conference call will be available at the company’s investor relations website, and a replay will also be available there following the call. About Bread Financial™Bread Financial™ (NYSE: BFH) is a tech-forward financial services company providing simple, personalized...

–  Net sales of $3.64 billion with tons sold up 10.3% from fourth quarter of 2023–  Gross profit margin of 31.0%–  EPS of $5.23, non-GAAP EPS of $5.30–  Completed acquisition of Cooksey Iron & Metal Company on February 1, 2024–  Completed acquisition of American Alloy Steel, Inc. on April 1, 2024–  Completed acquisition of Mid-West Materials, Inc. on April 1, 2024 SCOTTSDALE, Ariz., April 25, 2024 (GLOBE NEWSWIRE) — Reliance, Inc. (NYSE: RS) today reported its financial results for the first quarter ended March 31, 2024.(in millions, except tons which are in thousands and per share amounts)                                                               Sequential Quarter         Year-Over-Year  Q1 2024   Q4 2023   % Change   Q1 2023   % ChangeIncome Statement Data:                        Net sales $ 3,644.8     $ 3,337.3     9.2%     $ 3,965.3     (8.1%)  Gross...