Kevin Clark, CFO and senior vice president of Delphi Automotive, says the day to day focus of his job is keeping the $16 billion automotive parts supplier on the same path it's been following since emerging from bankruptcy in 2009 and completing its initial public offering in November.
If he and the rest of the Delphi management team keep focusing on evaluating capital allocation carefully, assessing measures such as cash on cash returns, and meeting consumer demand for "safe, green and connected" vehicles, Delphi should soon regain its investment-grade rating and generate an even better return than the over 300% return it has achieved since exiting Chapter 11, and the 50% lift since its IPO, Clark told attendees at Treasury & Risk's 17th Annual Alexander Hamilton Best Practices Summit in New York.
Delphi shares are trading about $31, up about 46% since the beginning of the year, and the company currently is rated one notch below investment grade.
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