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Article: Delphi Announces First Quarter 2001 Financial Results.
- Article from:
- PR Newswire
- Article date:
- April 19, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Soft Auto Production Leads to Weaker Revenues, Breakeven Operating Results
GAAP Results Include Global Restructuring Plans
TROY, Mich., April 19 /PRNewswire/ --
Citing ongoing vehicle production softness in the global automotive market, Delphi Automotive Systems (NYSE: DPH) today reported first quarter financial results including $2 million of operating income and a consolidated net loss of $25 million, or $0.04 loss per share, excluding the impact of global restructuring and impairment charges announced on March 29, 2001. Delphi's net income margin declined to (0.4) percent, compared to 4.1 percent in the first quarter 2000, while sales ...