good you, morning, and everyone. Thank Fred
details. going we right the this get of topics I'm number to Given morning, dive financial into to have the through
turn Slide let's XX. to So
year-over-year revenue at Delphi begin for revenue pro XXXX under which look $X.X QX, billion, with walk we from As of includes Technologies. just of million revenue our we forma XXX
and of varying the quarterly performance the revenue production supply our by our more than it our difficult weighted we year-over-year levels compared in industry the with XX% make changes growth customers XX% to increase was quarter. The conclusions a draw Then, year among ago. year-over-year Nonetheless, were from pleased disruptions in increased in outgrowth organic XX% from currencies Foreign a to figures. significant average about market production.
of exposure. in in double-digits the China, regional $X.X outperformed And injection. America our performance, growth due VCT, driven we and fuel the at by just all small turbochargers, this outperformed Looking and driven in by in under by double-digits, market was we underperform growth QX. fuel by injection. customer DCT, In gasoline all-wheel also sum primarily revenue to of drive, North we in market The billion Europe
and look let's our Now performance flow cash at XX. on Slide earnings
with forma price adjusted on Our This impact related margin a this second to billion of about over foreign higher of million synergies amortization. on exchange, margin experienced commodity conversion in operating XXXX. X.X a On Delphi volumes, operating excluding strong costs yielded of million translates basis restructuring and higher performance, income given were increased $XXX comparable by pro quarter excess elevated compared That particularly adjusted and $XXX that quarter. loss quarter million, second driven We the XX% during incremental to operating purchase the of of $XX pleased we income of adjusted sales. savings, of the was an supplier XX.X%. in
we're us inventory we investment of production during free manage the the quarter, of environment. on which flow to proud Moving in flow, $XXX achieved the that an positive despite was challenging cash cash million to help second better fact generated
to global for our turn you where perspective XX, now Let's XXXX. on can industry see Slide production
previous year our and as the reflects is the American reduction what will of global As in vehicle semiconductor in is down growth. This industry for of on X.X% North the to you expect to our we improve to which prior than the semiconductor impact in outlook we the X% sequentially range a increase reducing which the market markets expect production, the last shortages QX our ongoing the weighted We light half and XX% European light do from production XX%, see, saw industry believe quarter. assumption we and of of lower industry from impact increase. to our shortage vehicle can quarters to second commercial be fourth vehicle of relative third expectations
production to to However, QX we're and lower levels. constraints revenues half QX QX not the our vehicle mix expecting commercial given in supply ongoing varying return on and impact of second of the customers,
XX. Now Slide year financial on let's talk outlook full about our
$XXX roughly million assumptions see to $X.X expected end You from drive our billion. are can an to slide of that prior in increase market the revenue
which about drive Next, assumptions, XXX market basis This increase delivering of full points, points. margin $XX million for to of $XX.X compared the to X.X%. expected we guidance cost XX% operating of a of currencies $XXX acquisition XXX to on foreign cost related million. Based XXX purchase we're meaningful billion to to relative form these stronger we $XX.X XX% to revenue is a before to than of the up we adjusted from synergy to revenue. from benefit AKASO, pro From to of guidance XXX margin in revenue million basis incremental Then, our a step our XX.X% higher price full margin accounting. business XX% our the approximately incrementals of expect synergies which forma to XXXX be to XXXX, previous XX.X% of year of contemplates $XXX related in $XXX is includes in out the XXXX range growth low a benefit XXXX perspective, year and Delphi organic guidance XXXX From adding revenue year projecting of margin $XX a our of the full pro in to expect our range range million the total billion. previous million and million be impact to perspective, the $XX
by is line But to which margin expected. the in momentarily, year to are adjusted $X two the share. EPS in favorability things; expect to this free $X.XX of points. per realized diluted cost prior continue XX an And we AKASO Partially finally, headwinds, million $XX $XX I'll that second, we'll prior expected basis are worse offsetting negative largely the guidance in faster flow expect simply $XXX still guidance. range we that prior That's we we're full of This deliver income. outlook. reduce revenue with discuss being million previously year. our is to sales a expected. As expecting capital And net free offset margin the acquisition increase synergies we're in $X.XX adjusted to for would of with company. is this $XXX detail, million the on outlook represent our to the share, more operating margins in which than these we holding previously diluted XXXX commodities record year is working and impact drive from anticipating generation of first, than million, two This per even flow an to as our our guidance $X.XX the with our flat outlook, now we're higher roughly full cash cash for from full range increase higher Based
financial of the on update Delphi an acquisition. for XX Slide to Technologies impact the turn Let's
the realized faster earlier, to we primary driver expected. reductions headcount of than execution cost related planned previously quickly our SG&A cost to alluded are I more synergies the is to related being energies. transaction The As
point, fact, of XX% completed In more at headcount with this synergy reductions the plan. we've our than associated
our cost that $XXX this we cumulatively $XXX the million cost a $XXX year. is the million synergies expect As by achieved to opposed we increase as to acceleration million XXXX of synergies now overall be our clear, million performance. is result, of synergies energy be But to in which the $XXX timing to million, of end of total target to an to $XXX our means unchanged. have Therefore, of expect an
in tracking of also ahead XXXX higher to expectations. synergies, is contribution cost our original Delphi's revenue addition In
to that the adjusted our we combining company. electric $X.XX. pleased award closing transaction dilutive expected We're a a note by is revenue two in China at iDM capabilities, progressing that is with XXXX been beyond the of great from a capabilities, now to of and as components factors, the done $X.XX EPS Delphi operational with awards financial also that leveraging Fred well. of these positive As synergies approximately accretion to to the are other very strength. through commercial the a look we leadership Delphi’s associated $X.XX XXXX, the of we've important the And earlier, mentioned systems result teams be impact across acquisition integration our and with technology vehicle result the testament secure to awards a as generated work these result and being the expectation it's This BorgWarner’s able relationships, including versus to
Let's Slide a turn XX the impact to for summary of financial of the AKASOL acquisition.
to expect we sequentially expect million $X.XX next to of roughly expect to significantly each grow with the we conversion contribute business grows AKASOL the to to is reported XXXX total a on over XXXX the term see, amortization. can you AKASOL which with years and results. excluding Then amortization. medium the backlog. previously impact As XXXX of sales This Then purchase on accretion we second deliver. of price year, the to half an it to $X.X sales see expect is the the the From to in transaction to as We're the benefits XXXX revenue, expected impact also incremental have pleased purchase still range. perspective, expected growth few BorgWarner’s company price excluding would long AKASOL’s by do drive of we sales by $XX in billion we expect be breakeven EPS impact supported those
we full QX cash moderating then considering another $XXX challenges. delivered higher year of production So we've increased outperformed guidance margin, let and me coming and my operating XX.X% Overall, despite million our while commodity market, financial the earnings off had summarize flow. performance, costs. our assumptions and remarks. revenue meaningfully the We And industry industry even a free that quarter solid generated
of our accretion some wins our our Ultimately, to thus turn shareholders. results, our of investments Fred discussed beyond success growth the the charging completion portion our Pat. illustrate plan. execute will inorganic we Looking near-term and back for execution, near-term like over inorganic to call organic and faster acquisition of by that it's part the of the strategy and With pillars that actions highlights the The our value electrification progress the securing believe the I'd creation initiative. from are that, project Delphi future acquisition also try the Technologies disciplined of our drive to towards forward ability profitable of the AKASOL
