Aptiv PLC

Latest Results (18.12.2024):

Revenue Performance

In the third quarter of 2024, Aptiv PLC reported U.S. GAAP revenue of $4.9 billion, marking a 5% decrease from the previous year. When adjusted for currency exchange and commodity movements, the revenue saw a 6% decline. This decrease was observed across various regions, with North America experiencing a 7% drop, Europe 6%, Asia 4%, and South America 12%, which is the company's smallest region.

Net Income and Earnings

Aptiv PLC's U.S. GAAP net income for the third quarter of 2024 was $363 million, translating to earnings of $1.48 per diluted share and a net income margin of 7.5%. Excluding special items, the adjusted earnings per share were $1.83. This compares to a net income of $1,629 million and earnings of $5.76 per diluted share in the same period of the previous year.

Operating Income and Margins

The company reported a U.S. GAAP operating income of $503 million for the third quarter of 2024, with an operating income margin of 10.4%. The adjusted operating income was $593 million, reflecting an adjusted operating income margin of 12.2%. This improvement in margins is attributed to enhanced operating performance and cost reduction initiatives.

Cash Flow and Shareholder Returns

During the third quarter of 2024, Aptiv PLC generated $499 million in cash from operations. The company returned $2.32 billion to shareholders through share repurchases, including $2.25 billion under its $3.0 billion Accelerated Share Repurchase Program. Year-to-date, the company has repurchased 44.4 million shares for $3.35 billion.

Full Year 2024 Outlook

Aptiv PLC's full-year 2024 financial guidance projects net sales between $19.6 billion and $19.9 billion. The U.S. GAAP net income is expected to range from $1,740 million to $1,840 million, with a net income margin of 8.9% to 9.2%. The company anticipates adjusted EBITDA between $3,025 million and $3,125 million, with an adjusted EBITDA margin of 15.4% to 15.7%.