Exhibit 99.1
     
NEWS RELEASE   (VISTEON LOGO)
Visteon announces fourth-quarter and full-year 2009 results; reports net income
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 blance 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
VAN BUREN TOWNSHIP, Mich., Feb. 26, 2010 — Visteon Corporation (OTC: VSTNQ) today announced improved year-over-year fourth-quarter and full-year 2009 financial performance, reflecting ongoing operational improvements, cost reductions and restructuring benefits, and some slight recovery of global vehicle production volumes.
“Our restructuring, ongoing cost-reduction initiatives and ability to keep overhead costs aligned with reduced sales helped drive significant year-over-year improvements in cash flow and earnings, despite significantly lower vehicle production volumes and challenging industry conditions,” said Visteon Chairman and CEO Donald J. Stebbins.
For the fourth quarter of 2009, Visteon reported net income of $276 million, or $2.12 per share, on sales of $2.03 billion. For the fourth quarter of 2008, Visteon reported a net loss of $346 million, or $2.67 per share, on sales of $1.65 billion. Adjusted EBITDA, as defined below, for the fourth quarter of 2009 was $230 million, compared with negative $1 million in the fourth quarter of 2008.
For the full year 2009, Visteon reported net income of $128 million (98 cents per share) on sales of $6.68 billion, compared with a net loss of $681 million, or $5.26 per share, on sales of $9.54 billion for the full year 2008. Adjusted EBITDA for the full year 2009 was $454 million, compared with $358 million in 2008.
Visteon’s fourth-quarter product sales were more diversified than ever before. Approximately 27 percent of fourth quarter product sales were to Hyundai-Kia, with Ford Motor Co. also accounting for 27 percent. Renault-Nissan and PSA Peugeot-Citroën collectively accounted for about 16 percent of sales.

 


The following information was filed by Visteon Corp (VC) on Friday, February 26, 2010 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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