GILLINGHAM, England – Delphi Automotive has reported record third quarter 2014 U.S. GAAP earnings of $1.02 per diluted share. Excluding special items, third quarter earnings increased 20 percent to $1.16 per diluted share.
The company reported third quarter 2014 revenue of $4.1 billion, an increase of 3 percent from the prior year period, reflecting continued growth in Asia and North America. Adjusted for the impacts of currency exchange, commodity movements and acquisitions and divestitures, revenue increased by 3 percent in the third quarter. This reflects growth of 9 percent in Asia, 6 percent in North America and 1 percent in Europe, partially offset by a decline of 20 percent in South America.
“Our record third quarter financial results demonstrate continued outstanding operating performance and the leverage of our operating model,” said Rodney O’Neal, chief executive officer and president. “The entire Delphi team remains committed to building shareholder value and achieving our key objectives for the year.”
Year-to-Date 2014 Results
For the nine months ended Sept. 30, 2014, the company reported revenue of $12.9 billion, an increase of 5 percent from the prior year period, reflecting continued growth in Asia and North America. Adjusted for the impacts of currency exchange, commodity movements and acquisitions and divestitures, revenue increased by 4 percent during the period. This reflects growth of 11 percent in Asia, 7 percent in North America and 1 percent in Europe, partially offset by a decline of 17 percent in South America.
