I remain upbeat about the shares of Delphi Automotive (DLPH), a vehicle components producer. Recently, the company posted strong financials for the fourth quarter of 2016. Revenues increased 11.2% y-o-y to $4.31 bn and surpassed consensus estimates of $4.15 bn. The improvement was driven by the acquisition of HellermannTyton Group as well as volume growth in North America, Europe and the Asia Pacific. Excluding the impact of currency exchange, commodity movements, acquisitions and divestitures, revenues rose 10%. Adjusted operating income grew 20.5% to $606 mn supported also by cost reduction initiatives, and operating margin expanded 110 basis points to 14.1%. Adjusted earnings per share jumped 31.7% to $1.83 comfortably beating analysts’ average projection of $1.60. For full year 2016, the company earned $6.28 per share (growth of 20.3%) on revenues of $16.66 bn (growth of 9.9%).Delphi ended Q4 with cash and cash equivalents of $838 bn, up from $535 mn at 2015-end, and long-term debt of $3.96 bn (almost flat y-o-y). In 2016, the company generated operating cash flow of $1.94 bn and spent $828 bn on capex and $635 bn on share repurchases. Following this, the company had $1.37 bn available for future buybacks. A quarterly dividend was 29 cents per share, which offers annualized dividend yield of 1.5%.Delphi’s management presented 2017 guidance and expects annual revenues of $16.5-16.9 bn and adjusted earnings per share in the range of $6.40-6.70. Adjusted operating income is anticipated within $2.19-2.29 bn (13.3-13.5% of sales). The company also plans to generate operating cash flow of $2.1 bn and incur capex of $850 bn.I believe that Delphi’s flexible business model will allows it to continue to deliver solid performance with revenues growth and expanding margins, despite headwinds in some global markets. I expect that Delphi's shares will continue growth and reach $85 in medium term. $APTV, Aptiv PLC / D