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Delphi Technologies PLC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2020 10-Q, filed Aug 5, 2020. Its latest SEC filing is a SC 13G from Nov 18, 2020.

The sections below describe the company as of the FY2019 annual report.

What Did They Do?

Makes vehicle propulsion systems for passenger-car and commercial-vehicle makers, and replacement parts and services for aftermarket customers.

How Did They Make Money?

Vehicle makers and aftermarket customers buy products at purchase-order prices; most sales are counted when customers take ownership, while some customer arrangements are counted over time. Payment terms vary by customer and product, with little time between invoicing and the payment due date.

revenue

Who Were Their Customers?

Delphi sells products and services to vehicle and commercial-vehicle makers, and aftermarket products and services to independent aftermarket customers, OEM service operations, distributors and retailers.

Customers above 10% of revenue, FY2019
of revenue from one customer
FY2017: no customer at 10% or more of revenue

Did Revenues Turn Into Profits?

Yes. It kept less than a cent of every revenue dollar as net income in .

Operating income,
3% of revenue
▼ −68% vs ($434M, 9%)
Net income,
0% of revenue
▼ −95% vs ($358M, 7%)

How Were They Changing?

Since the FY2019 annual report
Latest quarter: Q2 FY2020, the three months to Jun 30, 2020
Revenue
▼ −44%
vs $1.1B in Q2 FY2019
Net income
▼ Now a loss
vs $27M in Q2 FY2019
  • Oct 2, 2020 BorgWarner completed its acquisition of Delphi Technologies

Held flat. Revenue was $4.4B in , about the same as the $4.4B of .

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