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Mar 31, 2024
Aptiv Q1 2024 Earnings Report
Aptiv reported solid results in Q1 2024, marked by revenue increase and margin expansion.
Key Takeaways
Aptiv delivered solid results in the first quarter with a 2% revenue increase to $4.9 billion and 200 basis points of margin expansion year-over-year. The company secured significant new business awards totaling nearly $13 billion.
U.S. GAAP revenue increased by 2% to $4.9 billion.
U.S. GAAP net income was $218 million, with diluted earnings per share of $0.79.
Adjusted Operating Income margin increased to 11.1%, with Adjusted Operating Income of $544 million.
Generated $244 million of cash from operations.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company’s full year 2024 financial guidance is as follows: Net sales $20,850 - $21,450 million, Adjusted EBITDA $3,150 - $3,300 million, Adjusted EBITDA margin 15.1% - 15.4%, Adjusted operating income $2,425 - $2,575 million, Adjusted operating income margin 11.6% - 12.0%, Adjusted net income per share $5.80 - $6.30, Cash flow from operations $2,350 million, Capital expenditures $1,000 million, Adjusted effective tax rate ~17.5%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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