Aptiv PLC ( (APTV) ) has released its Q4 earnings. Here is a breakdown of the information Aptiv PLC presented to its investors.
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Aptiv PLC is a global technology company dedicated to advancing safety, environmental sustainability, and connectivity across industries through innovative solutions. In its latest earnings report, Aptiv PLC announced record full-year earnings for 2024, driven by strong operational performance and strategic initiatives. The company reported U.S. GAAP revenue of $19.7 billion for the year, reflecting a 2% decrease compared to the previous year, while GAAP net income stood at $1.787 billion, translating to $6.96 per diluted share.
Key financial metrics for the fourth quarter included U.S. GAAP revenue of $4.9 billion and a net income of $268 million, equating to $1.14 per diluted share. Excluding special items, the adjusted earnings per share were $1.75, and adjusted operating income reached $623 million. The company also generated a significant cash flow from operations, amounting to $1.060 million for the quarter.
Aptiv’s strategic moves include a planned spin-off of its Electrical Distribution Systems business, set to create two independent companies by March 2026. This decision is expected to enhance focus on core areas and drive additional value for stakeholders. Additionally, the company completed substantial share repurchases, spending $4.1 billion to buy back 44.4 million shares.
Looking ahead, Aptiv remains committed to navigating evolving market conditions while focusing on customer needs in the transition to a software-defined future. The management expressed confidence in achieving long-term growth and delivering significant value to stakeholders, supported by continued operational excellence and strategic restructuring initiatives.
