Aptiv PLC reported its financial results for the fourth quarter and full year of 2024, highlighting strong operating performance and record earnings.
**Fourth Quarter 2024 Highlights:**
- Revenue remained stable at $4.9 billion.
- U.S. GAAP net income was $268 million, or $1.14 per diluted share.
- Adjusted earnings per share (EPS) were $1.75.
- Operating income was $479 million with a margin of 9.8%.
- The company generated $1.06 billion in cash from operations.
- Revenue decreased by 1% when adjusted for currency exchange and commodity movements.
**Full Year 2024 Highlights:**
- Total revenue reached $19.7 billion, a 2% decline.
- U.S. GAAP net income was $1.79 billion, or $6.96 per diluted share.
- Adjusted EPS was $6.26.
- Operating income for the year was $1.84 billion, with a margin of 9.3%.
- Cash from operations totaled $2.45 billion, reflecting strong cash generation.
- The company repurchased $4.1 billion in shares during the year.
**Key Developments and Guidance:**
- Aptiv experienced declines in Europe and South America, but saw growth in North America and Asia.
- The company is focused on cost discipline and continued execution, and is transitioning into a more feature-rich, software-defined future.
- In 2025, Aptiv plans to separate its Electrical Distribution Systems business into two independent companies to capitalize on market opportunities.
Aptiv’s strong cash flow and operating performance in 2024 underscore the company’s strategy to drive long-term growth and provide value to its stakeholders.
2025-02-06
Comments
Share your comments