Delphi Automotive (DLPH) Tops Q1 EPS by 13c, Beat on Revenue
Delphi Automotive (NYSE: DLPH) reported Q1 EPS of $1.59, $0.13 better than the analyst estimate of $1.46. Revenue for the quarter came in at $4.3 billion versus the consensus estimate of $4.12 billion.
First Quarter Highlights Include:
- Revenue of $4.3 billion, up 9% adjusted for currency exchange, commodity movements, acquisitions and divestitures
- U.S. GAAP net income from continuing operations of $335 million, diluted earnings per share from continuing operations of $1.24
- Excluding special items, earnings from continuing operations of $1.59 per diluted share, up 17%
- Adjusted Operating Income of $537 million, up 5%
- U.S. GAAP Operating Income margin of 10.8%. Adjusted Operating Income margin of 12.5%
- Generated $290 million of cash from continuing operations
- Share repurchases and dividends of $271 million
- Announced plans for tax-free spin-off of its Powertrain Systems segment; to be discussed on first quarter earnings call at 8:30 a.m. ET today
For earnings history and earnings-related data on Delphi Automotive (DLPH) click here.
