Key Developments: Delphi Automotive PLC (DLPH.N)
48.52USD
17 May 2013
$1.52 (+3.23%)
$47.00
$47.13
$48.56
$47.13
630,071
500,766
$48.56
$24.86
Latest Key Developments (Source: Significant Developments)
Delphi Automotive PLC Issues Q2 2013 Guidance In Line With Analysts' Estimates; Raises FY 2013 EPS Guidance; Reaffirms FY 2013 EBITDA And Revenue Guidance
Delphi Automotive PLC announced that for the second quarter of 2013, it expects revenues in the range of $4.150-$4.250 billion, adjusted EBITDA in the range of $600-$630 and adjusted earnings per share (EPS) of $1.05-$1.15. For fiscal 2013, it expects revenues in the range of $16.200-$16.600 billion (prior revenue guidance was in the range of $16.200-$16.600 billion), adjusted EBITDA in the range of $2.325-$2.425 billion (prior EBITDA guidance was in the range of $2.325-$2.425 billion) and adjusted earnings per share (EPS) of $4.15-$4.41 (prior EPS guidance was in the range of $4.12-$4.38). According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $1.11, EBITDA of $616 million and revenue of $4.176 billion for the second quarter of 2013; and EPS of $4.23, EBITDA of $2.301 billion and revenue of $16.356 billion for fiscal 2013. Full Article
Delphi Automotive PLC Declares Quarterly Dividend
Delphi Automotive PLC announced that its Board of Directors declared a quarterly cash dividend of $0.17 per ordinary share, payable on May 30, 2013 to shareholders of record at the close of business on May 15, 2013. Full Article
Delphi Automotive PLC Issues FY 2016 Revenue Guidance Above Analysts' Estimates-Conference Call
Delphi Automotive PLC announced that for fiscal 2016, it expects revenues to increase to $22 billion. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $21 billion for fiscal 2016. Full Article
Delphi Automotive PLC Initiates Quarterly Cash Dividend
Delphi Automotive PLC announced its Board of Directors has approved the initiation of dividend payments on its ordinary shares and has declared a regular quarterly cash dividend of $0.17 per ordinary share. The dividend is payable on March 27, 2013, to shareholders of record at the close of business on March 15, 2013. Full Article
Delphi Automotive PLC's Subsidiary Announces Proposed Offering Of Senior Notes
Delphi Automotive PLC announced that Delphi Corporation, a subsidiary of Delphi Automotive PLC, announced that it intends to offer, $800 million in aggregate principal amount of Senior Notes due 2023. The Notes will be guaranteed by Delphi Automotive PLC and by certain of subsidiaries. Delphi expects to use the net proceeds to repay a portion of the term loan indebtedness under credit agreement and for general corporate purposes. J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner and Smith Incorporated, Deutsche Bank Securities Inc., Barclays Capital Inc., Citigroup Global Markets Inc.,and Goldman, Sachs & Co. are joint bookârunning managers for the offering Full Article
Nxp Semiconductors NV And Delphi Automotive PLC Announces Strategic Collaboration Agreement
Nxp Semiconductors NV announced an agreement with Delphi Automotive PLC that extends the two companies' long-term relationship in automotive electronics by making NXP one of Delphi's strategic core suppliers. This agreement encompasses a variety of automotive semiconductor applications including infotainment and networking solutions. Under this agreement, Delphi has selected NXP's SAF775x family, the single-chip RFCMOS multi-tuner car radio IC and NXP's AM/FM background tuner. Delphi continues to be at the forefront of using NXP's software-defined radio for digital reception, such as the SAF36xx family. Full Article
Delphi Automotive PLC Issues Q1 2013 Guidance Below Analysts' Estimates; Issues FY 2013 Guidance In Line With Analysts' Estimates
Delphi Automotive PLC announced that for the first quarter of 2013, it expects revenues in the range of $3.900-$4.000 billion, adjusted EBITDA in the range of $515-$540 and adjusted earnings per share (EPS) of $0.93-$1.00. For fiscal 2013, it expects revenues in the range of $16.200-$16.600 billion, adjusted EBITDA in the range of $2.325-$2.425 billion and adjusted earnings per share (EPS) of $4.12-$4.38. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $1.06, EBITDA of $579 million and revenue of $4.059 billion for the first quarter of 2013; and EPS of $4.25, EBITDA of $2.326 billion and revenue of $16.577 billion for fiscal 2013. Full Article
Delphi Automotive PLC To Replace Titanium Metals Corp In S&P 500
Delphi Automotive PLC announced that it will replace Titanium Metals Corp in the S&P 500 after the close of trading on December 21, 2012. S&P 500 constituent Precision Castparts Corp is acquiring Titanium Metals in a deal expected to be completed soon pending final approvals. Full Article
Delphi Automotive PLC Issues Q4 2012 Guidance Below Analysts' Estimates; Lowers FY 2012 EBITDA And Revenue Guidance; Lowers High End Of Prior FY 2012 EPS Guidance
Delphi Automotive PLC announced that its fourth quarter 2012 and fiscal 2012 guidance reflects its current outlook on exchange rates, which negatively impacts year over year comparisons, further reductions in European OEM production schedules, and the acquisition of MVL, excluding non-recurring MVL transaction costs and the Q4 restructuring program. For the fourth quarter of 2012, the Company expects earnings per share (EPS) in the range of $0.79-$0.89, EBITDA in the range of $440-$480 million and revenue in the range of $3.600-$3.700 billion. Fourth quarter 2012 guidance with MVL transaction is for EPS in the range of $0.80-$0.90, EBITDA in the range of $460-$500 million and revenue in the range of $3.725-$3.825 billion. For fiscal 2012, the Company expects EPS in the range of $3.68-$3.78, EBITDA in the range of $2.100-$2.140 billion and revenue in the range of $15.475-$15.575 billion for fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $0.99, EBITDA of $539 million and revenue of $3.924 billion for the fourth quarter of 2012; and EPS of $3.76, EBITDA of $2.178 billion and revenue of $15.839 billion for fiscal 2012. Full Article
Delphi Automotive PLC Completes Acquisition Of Motorized Vehicles Division Of FCI
Delphi Automotive PLC announced that the completion of its acquisition of FCI Group`s Motorized Vehicles Division (MVL), a global manufacturer of automotive connection systems with a focus on providing high-value, technology applications. The transaction is valued at GBP765 million on a cash and debt-free basis and is forecasted to be $0.24 accretive to 2013 earnings per share, excluding integration and other acquisition-related costs. Delphi is confident that it can achieve annual run-rate pre-tax synergies of $80 million by 2015. Full Article
Delphi profit drops as sales fall in Europe, N. America
- Vehicle parts maker Delphi Automotive Plc reported a 20 percent drop in first-quarter profit on the back of lower sales in Europe and North America, and increased its cost cutting.
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