Adjusted EBITDA was $134 million, representing a margin of 13.8%, matching the record margin from the previous quarter.
Adjusted free cash flow was $67 million for the quarter, supported by robust EBITDA and working capital inflows.
Capital expenditures were $66 million, about 3.5% of sales, slightly below the original full-year run rate.
Growth versus market was negative 1% in the quarter, with excluding China growth over market at 4%.
Net cash position ended at $361 million, with $671 million in cash on the balance sheet.
Nonrecurring commercial items contributed positively to EBITDA by approximately $25 million in the first half of the year.
Sales decreased by $45 million year-over-year, impacted by lower BMS sales and market dynamics in China, partially offset by growth in cockpit electronics.
Visteon reported net sales of $969 million in Q2 2025, exceeding initial expectations, driven by strong demand for digital cockpit products in North America and Europe.
Adjusted earnings per share grew 9% to $1.65, driven by vacation ownership strength and share repurchases.
Adjusted EBITDA was $250 million, up 2% year-over-year, with a consistent margin of 25%.
Adjusted free cash flow was $123 million for the first half of the year, with $107 million returned to shareholders in Q2 through dividends and share repurchases.
Liquidity remains strong with over $800 million available, and leverage at 3.4x with expectations to end the year below that level.
Travel and Membership segment revenue declined 6% to $166 million, with adjusted EBITDA down 11% due to industry consolidation and M&A impacts.
Travel and Membership segment revenue declined 6% to $166 million, with an 11% decline in adjusted EBITDA to $55 million due to industry consolidation and M&A impacts.
Travel + Leisure reported over $1 billion in revenue for Q2 2025, a 3% increase year-over-year.
Vacation Ownership segment revenue grew 6% to $853 million, with a 3% increase in tours and a 7% increase in volume per guest (VPG) to $3,251.
Dafinchi