Aptiv PLC Q1 Report 2024

Aptiv PLC, a global technology company focused on making mobility safer, greener, and more connected, today reported first quarter 2024 U.S. GAAP earnings of $0.79 per diluted share. Excluding special items, first quarter earnings totaled $1.16 per diluted share.

For the three months ended March 31, 2024, the Company reported U.S. GAAP revenue of $4.9 billion, an increase of 2% from the prior year period. Adjusted for currency exchange and commodity movements, revenue increased by 2% in the first quarter. This reflects growth of 7% in Asia, which includes 9% in China, and 2% in North America, partially offset by declines of 1% in Europe and 9% in South America, our smallest region. 

Highlights

• U.S. GAAP revenue of $4.9 billion, an increase of 2%
• Revenue increased 2% adjusted for currency exchange and commodity movements; growth over market of 3% based on AWM1 of (1)% 
• U.S. GAAP net income of $218 million, diluted earnings per share of $0.79
• Excluding special items, diluted earnings per share of $1.16
• U.S. GAAP operating income margin of 8.5%
• Adjusted Operating Income margin of 11.1%, Adjusted Operating Income of $544 million; Adjusted EBITDA margin of 14.7%; Adjusted EBITDA of $720 million
• Generated $244 million of cash from operations
• Returned $600 million to shareholders through share repurchases