Delphi Automotive Systems (DPH) Message Board

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Non-Tech : Delphi Automotive Systems (DPH)

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To: BWAC who wrote (325)	12/9/2002 8:29:31 AM
From: JakeStraw	Read Replies (1) of 397

Delphi sees 2003 earnings growth of 17 percent Monday December 9, 8:07 am ET biz.yahoo.com TROY, Mich., Dec 9 (Reuters) - Automotive parts supplier Delphi Corp. (NYSE:DPH) on Monday said it expects earnings next year to grow about 17 percent to $600 million due to stronger sales and cost-cutting from its restructuring efforts. Troy, Michigan-based Delphi said it expects 2003 revenue to rise 2 percent to 3 percent to $28 billion, from a projected range of $27.3 billion to $27.4 billion in 2002. Revenue from customers other than former parent General Motors Corp. (NYSE:GM - News) are expected to climb by about 14 percent to $10.8 billion, or 39 percent of total revenue, from an estimated $9.5 billion in 2002. Operating cash flow in 2003 is expected at $1.4 billion, after about $1.1 billion in capital expenditures, Delphi said. The company reiterated a 2002 earnings forecast of $512 million, or 91 cents per share, before restructuring charges. It repeated a fourth-quarter forecast for net income of $115 million, or 20 cents per share.

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