Aptiv(APTV)
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Aptiv(APTV) - 2019 Q3 - Quarterly Report
2019-10-30 20:13
Table of Contents Title of each class Trading symbol(s) Name of each exchange on which registered Ordinary Shares. $0.01 par value per share APTV New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________________________________________________ FORM 10-Q ____________________________________________________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE ...
Aptiv(APTV) - 2019 Q3 - Earnings Call Transcript
2019-10-30 18:10
Financial Data and Key Metrics Changes - Revenues increased by 6%, representing 8 points of growth over underlying vehicle production, with operating income and earnings per share totaling $410 million and $1.27 respectively [8][23] - The GM labor strike had a significant impact, totaling $70 million in revenue, $30 million in operating income, and $0.10 in EPS during the quarter [8][11] - Full year revenue is now expected to be in the range of $14.255 billion to $14.355 billion, reflecting a 3% increase at the midpoint [28] Business Line Data and Key Metrics Changes - Advanced Safety & User Experience segment revenues grew by 9%, 11 points over market, driven by strong demand for active safety solutions [14][25] - Signal & Power Solutions segment revenues increased by 4%, representing 6% growth over market, with high-voltage electrification revenues up 30% [20][26] - New business bookings totaled $4.2 billion in the third quarter, with expectations to achieve over $20 billion for the full year [12] Market Data and Key Metrics Changes - North American revenues were flat on an adjusted basis but up 5% when excluding the GM strike, while European revenues increased by 14% adjusted [23] - China adjusted growth was 6%, significantly outpacing vehicle production, which was down 7% in the quarter [24] Company Strategy and Development Direction - The company announced a joint venture with Hyundai to advance commercialization of Level 4 and Level 5 self-driving technologies [8][17] - Continued investment in safe, green, and connected technologies is deemed critical for long-term sustainable growth [9][19] - The acquisition of gabocom is expected to enhance cable management capabilities and accelerate revenue growth in the Engineered Components product line [21][22] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging macro environment but expressed confidence in the company's ability to sustain strong revenue growth [31][34] - The outlook for global vehicle production is expected to decline by 5% for the year, with a revised forecast of down 7% for the fourth quarter [11][28] - Management remains focused on mitigating risks from global trade disputes and regulatory constraints while capitalizing on key secular trends [32] Other Important Information - The company expects a headwind of $250 million in revenue and $135 million in operating income related to the GM strike for the full year [11] - The joint venture with Hyundai is expected to close in the second quarter of 2020 and will be accretive to both ASUX and Aptiv margins and cash flow [19] Q&A Session Summary Question: Additional color on the strike impact - Management explained the strike's impact on revenue and inefficiencies, noting that production is expected to normalize after November 8th [38][39] Question: Pricing side discussion - Management indicated that pricing is lumpy and long-term expectations remain around a 2% decline, with some quarters showing variability [40][41] Question: Tariff impact clarification - Management noted that the tariff impact was better than expected due to lower volumes and successful remediation efforts [43][44] Question: Decrementals in a downturn - Management discussed that decrementals are typically in the 25% to 35% range, with strategies in place to manage costs during downturns [71][72] Question: Impact of Hyundai JV on cash flow - Management confirmed that the joint venture would free up cash flow, allowing for more flexibility in capital allocation [75][77]
Aptiv(APTV) - 2019 Q2 - Quarterly Report
2019-07-31 20:06
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________________________________________________ FORM 10-Q ____________________________________________________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EX ...
Aptiv(APTV) - 2019 Q1 - Quarterly Report
2019-05-02 20:05
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________________________________________________ FORM 10-Q ____________________________________________________________________________________________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES E ...
Aptiv(APTV) - 2018 Q4 - Annual Report
2019-02-04 21:12
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | --- | |-----------------------------------------|---------------------|---------------------------|-----------------------| | | | | | | For the | transition period | f ...