GILLINGHAM, England & TROY, Mich. – Delphi Automotive PLC has reported first quarter 2013 revenues of $4 billion, a decrease of 1.7 percent from the prior-year period, the result of continued weak business conditions in Europe, partially offset by the acquisition of the Motorized Vehicles Division (MVL) from FCI Group. Adjusted for the impacts of currency exchange, commodity movements, acquisitions and divestitures, revenue decreased by 6 percent in the first quarter.
 
"Despite continued weakness in Europe, our industry-leading cost structure as well as our diverse mix of regional and customer revenues allowed us to deliver solid first quarter financial results, grow earnings per share and increase shareholder value," said Rodney O’Neal, CEO and president.
 
The company reported first quarter 2013 revenue of $4 billion, a decrease of 6 percent compared to the first quarter of 2012, adjusting for currency exchange, commodity movements, acquisitions and divestitures. This reflects growth of 8 percent in Asia and 7 percent in South America, offset by declines in Europe and North America of 17 percent and 2 percent, respectively.
 
First quarter net income excluding restructuring, acquisition related integration costs and losses on extinguishment of debt (adjusted net income), totaled $336 million, or $1.07 per diluted share, which includes the favorable impacts of a lower effective tax rate and share repurchases. Adjusted net income in the prior year period was $346 million, or $1.05 per diluted share.