Visteon Corp. (VC, Financial) is an auto supplier focused primarily on cockpit displays and digital clusters. After lowering guidance and investor concerns about slowing auto demand during its first quarter report, the company posted 2Q19 results that were ahead of expectations and overcame two company specific manufacturing issues that negatively impacted 1Q19 results. Revenue also outperformed regional light vehicle production in China, an area that had made investors nervous coming into the quarter. The stock has continued to rebound as auto demand has remained solid while investors begin to look at 2020 for Visteon when a number of new project wins begin to ramp.
From Keeley Asset Management's Keeley Small-Mid Cap Value Fund third-quarter 2019 shareholder letter.
