Visteon (NASDAQ:VC) shares gained more than 4% on Thursday after the company reported its Q4 earnings results. Revenue came in at $1.06 billion, better than the Street estimate of $958.1 million, while EPS of $1.32 missed the Street estimate of $1.49.

Q4 EBITDA of $103 million was also much higher than the Street estimate of $92 million, implying a slightly better margin of 9.7%, up about 40bps quarter-over-quarter, driven by continued cost discipline.

The company initiated 2023 guidance for revenue entirely above Street and EBITDA range bracketing expectations, reflecting elevated inflation cost recoveries expected in the year.

Full-year revenue is expected in the range of $3.95-4.15 billion, compared to the Street estimate of $3.93 billion. Adjusted EBITDA is seen at $405-$445 million, and Adjusted Free Cash Flow is in the range of $115-$165 million.