- Delphi Automotive (NYSE:DLPH -1.4%) reports revenue rose 7% in Q2 after adjusted for currency exchange, commodity movements, acquisitions and divestitures.
- Electrical/Electronic Architecture sales increased 15% to $2.35B.
- Powertrain Systems sales fell 2% to $1.12B.
- Electronics and Safety sales +9% to $777M.
- Adjusted operating margin rate grew 10 bps to 13.7%.
- Q3 Guidance: Revenue: $3.925B to $4B; Adjusted operating income: $505M to $525M; Adjusted operating income margin: 12.9% to 13.1%; Adjusted EPS: $1.38 to $1.44; Adjusted tax rate: 17%.
- FY2016 Guidance: Revenue: $16.25B to $16.45B; Adjusted operating income: $2.15B to $2.2BM; Adjusted operating income margin: 13.2% to 13.4%; Adjusted EPS: $5.95 to $6.05; Cash flow from operations: $1.9B; Capex: $750M to $800M; Adjusted tax rate: 17%.