Aptiv Q1 2024 Earnings Report
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.
Aptiv
Aptiv
Aptiv Revenue by Segment
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