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Visteon® Exhibit 99.1 NEWS RELEASE Visteon Announces First - Quarter 2021 Results $ 746 million Q1 net sales ; 14 % increase Y / Y excluding currency Net income of $ 16 million in Q1 or $ 0.56 per diluted share Adjusted EBITDA of $ 64 million , 8.6 % of sales $ 1.8 billion in new business wins - First microZone TM display award with large North American OEM Two significant SmartCore ™ wins with global OEMs TM _ VAN BUREN TOWNSHIP , Mich . , April 29 , 2021 Visteon Corporation ( NASDAQ : VC ) today announced first - quarter net sales of $ 746 million , representing a year - over - year increase of 14 % excluding the impact of currency . Visteon's sales performance represented a 14 % growth - over - market compared to the production volumes of its customers . Gross margin in the first quarter was $ 73 million , and net income attributable to Visteon was $ 16 million or $ 0.56 per diluted share . Adjusted EBITDA , a non - GAAP measure as defined below , was $ 64 million for the first quarter or 8.6 % of sales , an increase of $ 31 million or 350 basis points compared to the prior year . Adjusted EBITDA margin benefited from higher volumes as well as cost improvements initiated throughout 2020 , partially offset by incremental supply chain costs that impacted margins by approximately 190 basis points . During the first quarter , the company won $ 1.8 billion in new business , including its first win for microZone ™ display technology . MicroZone ™ is the first display technology in the industry to offer premium optical performance without sacrificing reliability or lifespan , thereby providing OEMs a superior alternative to OLED displays . Also notable is the company's continued SmartCore ™ M domain controller momentum with approximately $ 850 million total SmartCore ™ wins in the first quarter . The company launched six new products in the first quarter , with more than 50 total launches expected for the full year . Most first - quarter launches were for digital clusters , which are based on Visteon's industry- leading platform that enables quick market introduction of this technology across multiple OEMs . Highlights include a 12 - inch digital cluster for Nissan , a multi - display digital cluster for Jiangling Motors in China , and a 10 - inch digital display for Hyundai . Cash from operations for the first three months was $ 11 million and capital expenditures were $ 18 million . Adjusted free cash flow , a non - GAAP financial measure as defined below , for the first three months of 2021 was positive $ 9 million , compared to a use of cash of $ 14 million for the same period in 2020. The company ended the first quarter with cash of $ 486 million and debt of $ 349 million , representing a net cash position of $ 137 million . " Following our strong performance in the second half of 2020 , Visteon continued to execute its growth strategy in the first quarter of 2021 , " said President and CEO Sachin Lawande . " The $ 1.8 billion of new business booked in the first quarter shows the strength of our core products and their alignment with the key industry trends of digitalization and electrification . "