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Aptiv PLC (APTV)
NYSE:APTV
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.63Last Year’s EPS
$1.4Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -14.78%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While Aptiv achieved record earnings and solid new business awards, they face significant challenges due to declining revenues, lower global vehicle production, and volatility in customer schedules. Strategic investments and strong segment performance were positive notes, but industry headwinds and production challenges weigh heavily.Company Guidance
In the Aptiv Q3 2024 earnings call, guidance was updated to reflect a weaker industry backdrop, with the company adjusting its revenue outlook to $19.6 billion to $19.9 billion, down from the previous midpoint of $20.25 billion. This revision considers a forecasted 4% decline in global vehicle production, with specific reductions in North America and Europe projected at 3% and 6%, respectively. Despite these challenges, Aptiv reported record third-quarter operating income and margins, with EBITDA and operating margins expanding by 180 basis points and 120 basis points, respectively. Earnings per share increased by 41% year-over-year, driven by strong operating performance and a lower share count. Advanced Safety and User Experience bookings reached $3.8 billion year-to-date, while Signal and Power Solutions accumulated nearly $17 billion in new business awards. The company remains optimistic about long-term trends towards a software-defined, electrified future and continues to take steps to improve profitability, including consolidating its manufacturing footprint and reducing labor costs.Record Earnings and Growth in Key Segments
Despite a 6% revenue decline, the company achieved record third quarter operating income and margin, with EPS increasing 41% year-over-year. EBITDA and operating margins expanded by 180 basis points and 120 basis points, respectively.
Strong New Business Awards
Aptiv booked $3.6 billion of new business awards in Q3, with a year-to-date total of just under $21 billion. Advanced Safety and User Experience bookings reached $3.8 billion year-to-date, driven by strong active safety momentum.
Advanced Safety and User Experience Segment Performance
The segment achieved record earnings and margin, with operating income at $196 million and margins at 13.7%. Active safety revenues increased by mid-teens, partially offsetting a decline in user experience revenues.
Strategic Investments and Partnerships
Invested $80 million in two vision technology providers, including Maxieye, a China-based company, to strengthen supply chain resiliency and lower costs. New radar and vision solutions were launched in collaboration with major OEMs.
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APTV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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APTV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $69.07 | $56.83 | -17.72% |
| Aug 01, 2024 | $69.39 | $73.13 | +5.39% |
| May 02, 2024 | $69.75 | $77.79 | +11.53% |
| Jan 31, 2024 | $86.72 | $81.33 | -6.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Aptiv PLC (APTV) report earnings?
Aptiv PLC (APTV) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Aptiv PLC (APTV) earnings time?
Aptiv PLC (APTV) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is APTV EPS forecast?
APTV EPS forecast for the fiscal quarter 2024 (Q4) is $1.63.
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