Delphi has posted third-quarter revenue up 4.4% to US$4.3bn with net income of US$395m, while adjusted operating income rose 6% to US$566m.
“Delphi delivered record third quarter financial performance, resulting from our strategy for disciplined growth and operational excellence while also continuing to invest for the future” said Delphi president and CEO, Kevin Clark.
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“Our quarterly results were driven by double-digit growth in our fastest growing product lines, including active safety, infotainment, vehicle electrification and advanced gas solutions.
“The spin-off of Delphi Technologies into a new public company is continuing to progress as planned, and our new business wins in the quarter reinforce strong growth outlooks for both companies.
“Additionally, as a result of our performance year-to-date, we are once again raising our full year 2017 outlook.”
For the nine months ended 30 September 30, 2017, the supplier reported revenue of US$12.9bn, an increase of 5% from the prior year period.
Adjusted for currency exchange, commodity movements and the divestiture of the Company’s Mechatronics business, revenue increased by 6.0% during the period.
This reflects growth of 6% in Europe, 15% in Asia, 19% in South America and consistent performance in North America.
