Delphi Display Systems Announces Record Results for 2012
Driven by Market Share Gains in the Company's Core Business
COSTA MESA, Calif.--(BUSINESS WIRE)-- Delphi Display Systems, Inc., the world's leading provider of quick service restaurant (QSR) drive-thru performance optimization products and outdoor digital signage systems, today announced it achieved record financial results for calendar fiscal year 2012. The results were driven by significant growth across multiple product lines in its domestic QSR drive-thru technology business.
Delphi Display Systems experienced positive growth during 2012 with revenues and profitability reaching the highest level in the company's 17 year history. Revenues grew by more than 15% compared with 2011 results, with profitability also up versus the prior year. The company's record financial results were fueled by the strong adoption of its new Insight™ product offerings and by sharp gains in market share. Unit sales also increased significantly during the period as demand rose for all products despite stiff economic headwinds and competitive price pressures.
"Our record financial performance for 2012 is a testament to the high value of Delphi's solutions in the market and our commitment to serving the evolving needs of our customers, both in the U.S. and around the world," said Ken Neeld, President and CEO of Delphi Display Systems. "The success we achieved last year is a direct result of our focus on delivering premier customer service, world-class engineering design, and the highest quality and most innovative products available. This would not have been possible without the hard work and dedication of the passionate employees at Delphi. I am fortunate to be part of this great team and look forward to even stronger performance in 2013 as we launch an entire line of new products and services targeted at existing and new market opportunities."
About Delphi Display Systems
Delphi Display Systems designs and manufactures a wide variety of outdoor digital signage products and business analytics software solutions serving the quick service restaurant (QSR), petroleum, retail, and other market verticals. Applications include drive-thru order confirmation systems, vehicle timing solutions, digital menu boards, gas-pump top video displays, outdoor interactive way-finding systems and more. For more information on the company and its products, visit www.DelphiDisplay.com or call 714-825-3400.
Delphi Display Systems, Inc.
Vice President of Marketing
KEYWORDS: United States North America California
The article Delphi Display Systems Announces Record Results for 2012 originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.