Aptiv reported strong third quarter 2023 results with a U.S. GAAP revenue of $5.1 billion, an 11% increase from the prior year period. U.S. GAAP net income was $1,629 million, with diluted earnings per share of $5.76. Adjusted Operating Income margin was 11.0%, with Adjusted Operating Income of $560 million.
U.S. GAAP revenue of $5.1 billion, an increase of 11%.
U.S. GAAP net income of $1,629 million, diluted earnings per share of $5.76.
Adjusted Operating Income margin of 11.0%, Adjusted Operating Income of $560 million; Adjusted EBITDA margin of 14.2%; Adjusted EBITDA of $727 million.
Generated $746 million of cash from operations.
The Company’s full year 2023 financial guidance includes adverse impacts to revenue of approximately $180 million as a result of the UAW labor strikes initiated during the third quarter of 2023, assuming there are no further impacts from work stoppages subsequent to the end of October 2023.
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