Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ FORM 10-Q ___________________________________________________________________________________________________________________________________________________________ ...

Financial Data and Key Metrics - Q1 2024 revenue was $4.9 billion, representing a 2% year-over-year growth, impacted by slowing EV production in North America and Europe [7][27] - EBITDA and operating income were $720 million and $544 million, respectively, with a 20% growth and 200 basis points margin expansion [7][27] - Earnings per share increased 27% to $1.16 [7][27] - The company repurchased $600 million of stock during the quarter, bringing the total to $900 million over the last two quarters [7][8] - Full-year 2024 revenue guidance was lowered by $450 million due to EV production weakness and foreign exchange impacts [8][35] Business Line Data and Key Metrics - Advanced Safety and User Experience (ASUX) segment grew 5%, driven by 24% growth in active safety, with $2.5 billion in new bookings [12][14] - Signal and Power Solutions (SPS) segment saw 1% revenue growth, with $10.3 billion in new bookings, including $7 billion in electrical distribution systems [12][18] - ASUX operating income margin was 10.8%, while SPS operating income margin was 11.2% [31][32] Market Data and Key Metrics - In China, the company secured $3 billion in new business awards, with 70% of bookings coming from local OEMs [13][64] - North America revenue grew 2%, Europe revenue declined 1%, and China revenue grew 5% above market [29][30] - High-voltage revenue declined 2% in North America and 6% in Europe due to EV production slowdowns [27][28] Company Strategy and Industry Competition - The company is focusing on cost reduction initiatives, including a 10% reduction in salary payroll and increased automation to 30% by 2026 [10][53] - Aptiv is well-positioned to support the transition to electrified, software-defined vehicles, with a strong portfolio across all powertrain platforms [21][22] - The company is leveraging its edge-to-cloud portfolio to capitalize on the automotive industry's transition to software-defined vehicles [25] Management Commentary on Operating Environment and Future Outlook - Management noted continued weakness in EV production, particularly in North America and Europe, leading to a revised 2024 outlook [8][27] - The company expects second-half revenue growth to accelerate, driven by new program launches and volume growth [39][40] - Aptiv remains confident in its long-term growth prospects, supported by its competitive position and cost-saving initiatives [11][43] Other Important Information - The company reached an agreement with Hyundai regarding the Motional joint venture, with Hyundai providing additional funding and acquiring 11% of Motional's common equity [41][42] - Aptiv increased its share repurchase target from $750 million to $1.5 billion for 2024, reflecting confidence in the stock's undervaluation [11][36] Q&A Session Summary Question: Growth potential with Japanese OEMs and local sourcing in China [46] - Aptiv is making progress with Japanese OEMs, particularly in ADAS and hybrid/BEV segments, and views itself as a local supplier in China due to its 30-year presence and localized capabilities [49][51] Question: Automation and labor cost savings [52] - The company aims to increase automation to 30% of labor hours by 2026 and 50% by 2030, starting from a baseline of 15% [53][54] Question: Gen 6 ADAS platform and growth over market [55] - The Gen 6 ADAS platform offers 15-30% cost savings to customers, and the company expects growth over market to remain in the 6-8% range [56][57] Question: ASUX margins and outlook [58] - ASUX margins are expected to remain in the 10.5-11% range for the year, driven by cost reductions and engineering rotation [59] Question: Positioning in China and emerging players [60] - Aptiv is well-positioned in China, with over 50% of bookings from local OEMs, and is working with emerging players like Xiaomi and Huawei [61][62] Question: Capital allocation and buyback strategy [67] - The company plans to continue share repurchases at healthy levels, given the stock's undervaluation, while also pursuing acquisitions to diversify revenues [68] Question: Active safety growth and pricing dynamics [84][87] - Active safety revenue is expected to grow over 20% for the year, with pricing dynamics shifting from material inflation to labor inflation [85][88] Question: Impact of powertrain shifts on SPS business [98] - The company can pivot between ICE, hybrid, and BEV product lines with minimal retooling, as many facilities already produce both low and high-voltage solutions [99][100] Question: Global production outlook [101] - The company revised its global vehicle production outlook down by 1%, primarily due to BEV production cuts, with some offset from increased ICE production [102][103]

For the quarter ended March 2024, Aptiv PLC (APTV) reported revenue of $4.9 billion, up 1.7% over the same period last year. EPS came in at $1.16, compared to $0.91 in the year-ago quarter.The reported revenue represents a surprise of -1.72% over the Zacks Consensus Estimate of $4.99 billion. With the consensus EPS estimate being $1.05, the EPS surprise was +10.48%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their nex ...

Exhibit 99.1 · AP T Media Release Aptiv Reports First Quarter 2024 Financial Results Solid Operating Performance DUBLIN - Aptiv PLC (NYSE: APTV), a global technology company focused on making mobility safer, greener and more connected, today reported first quarter 2024 U.S. GAAP earnings of $0.79 per diluted share. Excluding special items, first quarter earnings totaled $1.16 per diluted share. First Quarter Financial Highlights Include: • U.S. GAAP revenue of $4.9 billion, an increase of 2% ◦ Revenue incre ...

Aptiv PLC (APTV) came out with quarterly earnings of $1.16 per share, beating the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $0.91 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.48%. A quarter ago, it was expected that this company would post earnings of $1.29 per share when it actually produced earnings of $1.40, delivering a surprise of 8.53%.Over the last four quarters, the company has sur ...

Analysts on Wall Street project that Aptiv PLC (APTV) will announce quarterly earnings of $0.99 per share in its forthcoming report, representing an increase of 8.8% year over year. Revenues are projected to reach $5.01 billion, increasing 4% from the same quarter last year.The current level reflects an upward revision of 0.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over ...

Aptiv PLC (APTV) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on May 2, 2024, might help the stock move higher if these key numbers are better than expectat ...

EV stocks have been stuck in the slow lane for the past two years, leaving many long-term investors frustrated. Tesla (NASDAQ:TSLA) has badly lagged the market, and is now the worst-performing of the ‘Magnificent 7’ mega-cap technology stocks. Its underperformance has been so pronounced that many suggest it should be replaced in this elite group by a company like Berkshire Hathaway (NYSE:BRK-A, NYSE:BRK-B). I agree this swap makes sense based on recent returns. The truth is most EV players have sorely disap ...

Aptiv PLC (APTV) remains well poised to gain from technology investments and acquisitions that help it capitalize on developing opportunities in the automotive market.The company has an impressive Growth Score of B. This style score condenses all the essential metrics from a company’s financial statements to get a true sense of the quality and sustainability of its growth.The company has an expected long-term (three to five years) earnings per share growth rate of 13.7%. Its earnings for 2024 and 2025 are e ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Aptiv PLC (APTV) , which belongs to the Zacks Technology Services industry, could be a great candidate to consider.This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 8.43%.For the most recent quarter, Aptiv was expected to post earnin ...