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Delphi Technologies Posts 26% Income Gain
Powertrain specialist Delphi Technologies plc reports that its net income surged 26% to $358 million in 2018. Revenue was flat at $4.9 billion.
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Powertrain specialist Delphi Technologies plc reports that its net income surged 26% to $358 million in 2018. Revenue was flat at $4.9 billion.
In the final quarter, the London-based company’s revenue fell 9% to $1.2 billion. Net income more than doubled to $135 million.
Delphi Technologies, which was spun off from Delphi Automotive at the end of 2017, says it landed a record $10 billion in new business orders last year.
The company predicts its revenue this year will shrink about 4%, and its adjusted operation margin will fall to about 9% from 11.3% in 2018.
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