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.

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