Delphi Technologies announces preliminary full year 2019 results above prior outlook
DELPHI TECHNOLOGIES PLC (DLPH)
Last delphi technologies plc earnings: 2/13 04:01 pm
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US:NYSE Investor Relations:
ir.delphi.com
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Source: PR Newswire
LONDON, Jan. 28, 2020 /PRNewswire/ -- Delphi Technologies PLC (NYSE: DLPH) ("Delphi Technologies" or the "Company") today announced preliminary full year 2019 results, above its prior outlook ranges. Preliminary full year 2019 results highlights:Revenue of $4.36 billion decreased by approximately 10% from the prior year period. Adjusting for currency exchange, revenue decreased by approximately 7%. Adjusted operating income of approximately $315 million, representing an adjusted operating margin of approximately 7.2%. Cash flow from operations of approximately $290 million. Free Cash flow, defined as cash flow from operations less investing activities, including capital expenditures, of approximately $(70) million. Restructuring efforts ahead of plan.All of the information in this press release is preliminary and subject to completion of year-end financial reporting processes, reviews and audit relating to 2019 fourth quarter and full year financial information, which is unaudited. Ac
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