Mar 31, 2021

Aptiv Q1 2021 Earnings Report

Aptiv had a strong start to the year, delivering better than expected revenues, earnings and cash flow.

Key Takeaways

Aptiv reported a strong start to the year with better than expected revenues, earnings, and cash flow. U.S. GAAP revenue of $4.0 billion, an increase of 25%. U.S. GAAP net income of $279 million, diluted earnings per share of $1.03. Generated $252 million of cash from operations.

U.S. GAAP revenue of $4.0 billion, an increase of 25%

Revenue increased 20% adjusted for currency exchange, commodity movements and divestitures

U.S. GAAP net income of $279 million, diluted earnings per share of $1.03

Generated $252 million of cash from operations

Total Revenue
$4.02B
Previous year: $3.23B
+24.7%
EPS
$1.06
Previous year: $0.68
+55.9%
Adjusted EBITDA
$630M
Adjusted Operating Income
$437M
Net cash flow from operations
$252M
Previous year: $161M
+56.5%
Gross Profit
$727M
Previous year: $501M
+45.1%
Cash and Equivalents
$2.8B
Previous year: $2.06B
+36.3%
Free Cash Flow
$118M
Total Assets
$17.5B
Previous year: $16.2B
+8.1%

Aptiv

Aptiv

Aptiv Revenue by Segment

Forward Guidance

The Company’s full year 2021 financial guidance is as follows: Net sales $15,125 - $15,725 million, Adjusted EBITDA $2,325 - $2,475 million, Adjusted EBITDA margin 15.4% - 15.7%, Adjusted operating income $1,540 - $1,690 million, Adjusted operating income margin 10.2% - 10.7%, Adjusted net income per share $3.35 - $3.85, Cash flow from operations $1,850 million, Capital expenditures $750 million, Adjusted effective tax rate 12%.

Revenue & Expenses

Visualization of income flow from segment revenue to net income