Mexican Media Brands
Delphi Doubles Net Profit
Delphi Automotive LLC hiked its revenue 11% to $4.2 billion and more than doubled net income to $298 million in the fourth quarter of 2013.
#economics
Share
Delphi Automotive LLC hiked its revenue 11% to $4.2 billion and more than doubled net income to $298 million in the fourth quarter of 2013. Operating income grew 10% to $1.8 billion.
The company which supplies electronics, safety and thermal systems says sales for the period advanced 14% in Asia, 9% in North America and 7% in Europe. Revenue fell 6% in South America.
For the full year, Delphi's sales rose 6% to $16.5 billion, adjusted operating income climbed 10% to $1.4 billion and net income advanced 9% to $1.2 billion.
The company says its revenue in 2013 grew 11% in Asia, 5% in North America and 2% in South America but dropped 6% in Europe.
Delphi expects global vehicle production to grow 3% in 2014. It projects that this year's revenue will reach $17.2 billion-$17.6 billion and adjusted operating income will total $1.95 billion-$2.05 billion. The company forecasts 10% growth in earnings per share.
RELATED CONTENT
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.