Visteon Corporation (NASDAQ:VC) shares closed around 12% higher on Thursday following the company’s reported Q4 results, with EPS of $1.69 coming in better than the consensus estimate of $1.06.

The company expects 2022 revenue in the range of $3.15-3.35 billion, which is slightly above the consensus estimate at the midpoint. Adjusted EBITDA is expected to be between $295 million and $335 million (9.7% margin at the midpoint) and adjusted free cash flow between $85 million and $115 million. Both figures are sharply above consensus estimates, implying better-than-expected profitability in 2022.