Aptiv(US:APTV)2025-10-30 10:48Financial Performance - U.S. GAAP revenue for Q3 2025 was $5.2 billion, a 7% increase year-over-year, with a 6% increase when adjusted for currency exchange and commodity movements[6]. - The company reported a U.S. GAAP net loss of $355 million for Q3 2025, including a non-cash goodwill impairment charge of $648 million[8]. - Adjusted Operating Income for Q3 2025 was $654 million, with an Adjusted Operating Income margin of 12.5%, up from 12.2% in the prior year[9]. - Year-to-date revenue for 2025 reached $15.2 billion, a 3% increase from the prior year, with adjusted revenue growth of 2%[11]. - Year-to-date Adjusted Net Income totaled $1,324 million, or $5.96 per diluted share, reflecting a 10.8% increase in net income and a 31.6% increase in earnings per share compared to the prior year[12]. - Net sales for Q3 2025 reached $5,212 million, a 7% increase from $4,854 million in Q3 2024[32]. - Operating loss for Q3 2025 was $(175) million compared to an operating income of $503 million in Q3 2024[32]. - Net loss attributable to Aptiv for the nine months ended September 30, 2025, was $(355) million, a significant decrease from net income of $1,519 million in the same period of 2024[32]. - Adjusted Revenue Growth for the three months ended September 30, 2025, was 6%, with reported net sales increasing by 7%[43]. - For the nine months ended September 30, 2025, Adjusted Revenue Growth was 2%, with reported net sales increasing by 3%[43]. - The company reported a net loss attributable to Aptiv of $355 million for the three months ended September 30, 2025, with an operating loss of $175 million[46]. - Adjusted net income attributable to Aptiv for Q3 2025 was $471 million, up from $449 million in Q3 2024, representing a 4.9% increase[53]. Cash Flow and Assets - The company generated cash flow from operations of $584 million in Q3 2025, compared to $499 million in the prior year[10]. - Total current assets increased to $8,760 million as of September 30, 2025, up from $7,826 million at the end of 2024[34]. - Cash and cash equivalents at the end of Q3 2025 were $1,640 million, compared to $1,573 million at the end of 2024[34]. - The company reported a net cash provided by operating activities of $1,367 million for the nine months ended September 30, 2025, compared to $1,386 million in 2024[36]. - Cash flow before financing for Q3 2025 was $451 million, compared to $325 million in Q3 2024, indicating a 38.8% increase[56]. - Cash flows from operating activities for the nine months ended September 30, 2025, totaled $1,367 million, slightly down from $1,386 million in the same period of 2024[56]. Shareholder Actions - The company repurchased 1.2 million shares for $96 million in Q3 2025, with a total of 18.9 million shares repurchased year-to-date for $1.2 billion[19]. - The weighted average diluted shares outstanding decreased to 217.41 million in Q3 2025 from 222.30 million in Q3 2024[39]. Future Guidance - The company expects Q4 2025 net sales to be between $4.905 billion and $5.205 billion, with full year 2025 guidance of $20.150 billion to $20.450 billion[21]. - The anticipated U.S. GAAP net income for Q4 2025 is projected to be between $210 million and $270 million, with a net income margin of 4.3% to 5.2%[21]. - Estimated adjusted operating income for Q4 2025 is projected to be $595 million, with an operating margin of 11.8%[58]. - Estimated full-year adjusted net income attributable to Aptiv for 2025 is expected to be $1,710 million, with an adjusted net income per share of $7.70[60]. - Estimated interest expense for the full year 2025 is projected to be $360 million[58]. - The company plans to incur restructuring costs of approximately $200 million for the full year 2025[58]. Segment Performance - Adjusted operating income for the Electrical Distribution Systems segment increased by 54% to $192 million in Q3 2025, compared to $125 million in Q3 2024[38]. - Adjusted Operating Income for the three months ended September 30, 2025, was $654 million, representing a margin of 12.5%[46]. - The Adjusted Operating Income margin for the nine months ended September 30, 2025, was 12.2%[46]. - Adjusted EBITDA for the three months ended September 30, 2025, was $851 million, compared to $778 million for the same period in 2024[51]. Impairments and Expenses - The company incurred a goodwill impairment of $648 million during the three months ended September 30, 2025[46]. - Goodwill impairment recorded in Q3 2025 was $648 million, with an additional estimated $650 million for the full year 2025[56][58]. - The company recognized a tax impact of $294 million due to changes in tax incentives for its Swiss subsidiary[53]. - The company reported interest expenses of $90 million for the three months ended September 30, 2025[51].