Delphi Corp. said on Monday that it expects 2004 earnings excluding charges to grow to $US400 million to $500 million, or 71 cents to 89 cents per share, due to stronger US sales of cars and trucks and the benefits of its cost cutting, Reuters reported.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


According to the news agency, Delphi, in the midst of a restructuring programme aimed at cutting 8,500 jobs worldwide, said it expects stronger sales next year and also expects to be cash-flow positive, which will allow it to continue its dividend payments.


“Our challenge will be to rapidly restructure our operations in mature, higher-cost markets and realise aggressive attrition goals to achieve cost-reduction targets,” Delphi vice chairman and chief financial officer Alan Dawes reportedly said.


Analysts expect 2004 earnings per share of 86 cents, according to a survey by Reuters Research, a unit of Reuters Plc.


Including the charges, Delphi reportedly said it expects net income of $280 to $380 million in 2004.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

According to Reuters, Troy, Michigan-based Delphi said it expects 2004 revenue to grow between 1% and 2% to $28.0 billion to $28.5 billion. Sales to customers other than former parent General Motors are expected to grow by 13% next year to account for 43% of total sales.

Just Auto Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Auto Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving automotive industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now