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Delphi Automotive PLC (DLPH) |
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This company completed an initial public offering (IPO) of its stock in 2010. View articles that reference this company. Recent IPOs: Globe Specialty Metals • LogMeIn • Invesco Mortgage Capital • Medidata • Chemspec |
Delphi Automotive PLC (NYSE:DLPH) manufactures and sells electronic parts and technology for the automotive industry. In particular, Delphi Automotive makes powertrain, safety and thermal components which are used by the 25 largest Original Equipment Manufacturer of automotive parts. Delphi believes that the automotive industry will increasingly be required to respond to environmental and safety government regulations both in the United States and abroad. As a result, Delphi's electronic equipment will be increasingly used to control and monitor vehicles to adhere to these regulations.[1]
Business Overview
For the full year 2010, Delphi Automotive's total revenues were $13.8B. The company had a net income of $703M for the same period. For the 9 months ended in September 2011, the company's total revenue was $12.1B. NEt income for this period was $911M. [2]
New Updates
The company's initial public offering of stock on the NYSE occurred on November 16, 2011. The company offered 24M shares each for $22. This was at the bottom of the $22-$24 price range. The deal raised a total of $258M. The bookrunners of the deal were Goldman and JP Morgan.[3]
Trends & Forces
Fuel efficiency and connectivity
Delphi's systems help to improve the fuel efficiency of vehicles. As gas prices continue to rise, auto manufacturers will continue to implement Delphi's components in order to satisfy customer demand for fuel efficient vehicles. In addition, the rise of electronics has made it increasingly desirable to interact with both the vehicle and the outside world from the vehicle. If this trend continues, auto companies will continue to implement Delphi's technologies as a way to allow the end customer to connect their electronics with the vehicle. [4]
- ↑ DLPH S-1/A 2011 PROSPECTUS SUMMARY "Our Company" p. 1
- ↑ DLPH S-1/A 2011 PROSPECTUS SUMMARY "SUMMARY HISTORICAL CONSOLIDATED FINANCIAL DATA" p. 13
- ↑ Renaissance Capital - IPO Home "Delphi Automotive prices IPO at $22, low end of the range" Nov 16 2011
- ↑ DLPH S-1/A 2011 PROSPECTUS SUMMARY "Our Industry" p. 3-5
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