Delphi has posted second quarter net income of US$369m with revenue up 5% to US$4.3bn.
Year-to-Date highlights include:
Go deeper with GlobalData
- Revenue of US$8.6bn, up 7% adjusted for currency exchange, commodity movements, acquisitions and divestitures.
- Net income from continuing operations of US$704m.
- Adjusted operating income up 3% to US$1.12bn.
“Delphi delivered another strong quarter driven by our portfolio of relevant technologies,” said Delphi president and CEO, Kevin Clark.
“Based on our strong first half performance, we are raising our sales and earnings outlook for the year.
“We continue to execute as planned on the announced spin-off of our Powertrain segment and remain committed to providing value to our customers and creating value for our shareholders.”
The supplier continued with its planned tax-free spin-off of its Powertrain Systems segment into a new, independent publicly traded company and remains on track to complete the transaction by March next year.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataPowertrain intends to have its ordinary shares listed on the New York Stock Exchange. There is no assurance regarding the timing of the spin-off or its completion and the transaction is subject to customary market, regulatory and other conditions.
