Aptiv Reports Solid First Quarter 2024 Financial Results

Details

GAAP revenue of $4.9 billion, an increase of 2%. Adjusted for currency exchange and commodity movements, revenue increased by 2%, reflecting growth in Asia and North America but declines in Europe and South America. The company reported U.S. GAAP net income of $218 million, or $0.79 per diluted share. Adjusted for special items, net income was $318 million, or $1.16 per diluted share. Adjusted Operating Income was $544 million with an operating margin of 11.1%. Aptiv also repurchased 7.3 million shares for $600 million during the quarter. The company issued full-year 2024 financial guidance, expecting net sales between $20,850 million and $21,450 million.

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About Aptiv PLC

Aptiv PLC is a technology and mobility solutions firm that plays a critical role in the automotive industry. The company is focused on developing advanced safety, electrification, and digital connectivity functionalities for vehicles, supporting the transition toward more sustainable and connected transportation systems. Aptiv’s primary offerings include sophisticated software and electrical architecture, essential for enabling autonomous driving technologies and a seamless flow of information within vehicles. With its broad engineering expertise, Aptiv serves a diverse array of automotive manufacturers globally, optimizing vehicle performance and enhancing user experience. Headquartered in Dublin, Ireland, Aptiv PLC is at the forefront of technological advancements in the automotive sector, continuously innovating to meet the increasing demand for electrified and smart vehicle solutions. Its significant market presence underscores a commitment to quality and innovation, driving comprehensive automotive safety and connectivity. By integrating cutting-edge technology with robust engineering, Aptiv contributes to shaping the future of the automotive landscape, emphasizing efficiency, safety, and environmental sustainability.