Nexteer Automotive said half year 2017 revenue reached US$1.974bn, up 2.6% year on year, gross profit rose 11.1% to $371.5m and net profit was up 20.7% to $179.7m.
The backlog of booked business was $24bn on 30 June, 2017.
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"The strong financial results highlight Nexteer's continued focus on delivering long-term profitable growth," the supplier said in a statement.
In the first half, it launched 15 new product applications across multiple regions and customers, including for in North America, nine in Asia-Pacific, and two in Europe and South America. These new programmes include two major product lines: electric power steering and driveline.
Company president Michael Richardson said: "Through careful expansion of our global footprint, strategic alliances, product diversity and programme launches in our major product areas, Nexteer is on track to maintain long-term profitable growth."
Continued steady industry production and new product launches in North America, China and Europe led to increased volume and delivered continued revenue growth. Net profit increased as a result of successful launch of new programmes, improved product line mix, improved operating efficiency and cost competitiveness.
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