Aptiv Half-Year Report 2023

For the six months ended June 30, 2023, the Company reported U.S. GAAP revenue of $10.0 billion, an increase of 22% from the prior year period. Adjusted for currency exchange, commodity movements and acquisitions, revenue increased by 20% during the period. This reflects growth of 26% in Europe, 19% in Asia, which includes growth of 19% in China, 16% in North America and 16% in South America, our smallest region.

For the 2023 year-to-date period, the Company reported U.S. GAAP net income of $375 million and earnings of $1.38 per diluted share, compared to $12 million and $0.04 per diluted share in the prior year period. Year-to-date Adjusted Net Income totaled $614 million, or $2.16 per diluted share, compared to $242 million, or $0.85 per diluted share, in the prior year period.

The Company reported Adjusted Operating Income of $967 million for the six months ended June 30, 2023, compared to $537 million in the prior year period. Adjusted Operating Income margin was 9.7% for the six months ended June 30, 2023, compared to 6.5% in the prior year period, reflecting our revenue growth over market of 8%, increased global vehicle production, pricing and the results from our recent acquisitions. Depreciation and amortization expense totaled $440 million, as compared to $384 million in the prior year period.