Aptiv's Q4 Earnings Beat Estimates, Increase Year Over Year

Core Insights - Aptiv PLC reported mixed fourth-quarter 2024 results, with adjusted earnings per share of $1.75 beating the Zacks Consensus Estimate by 5.4% and increasing 25% year over year, while revenues of $4.9 billion missed the estimate and decreased slightly year over year [1] Financial Performance - Adjusted revenues declined 1% year over year, with a notable 8% decline in Europe, flat performance in South America, and a 3% growth in both North America and Asia, including a 4% growth in China [2] - Signal and Power Solutions' revenues were $3.5 billion, down 1% year over year, while the Advanced Safety and User Experience segment saw a 2% increase to $1.4 billion [3] - Adjusted operating income was $623 million, up 3.8% year over year, with an adjusted operating income margin of 12.2%, reflecting a 50 basis points increase [3] Cash Flow and Debt - At the end of the quarter, the company had cash and cash equivalents of $1.6 billion, up from $1.1 billion in the previous quarter, while long-term debt decreased to $7.8 billion from $8.3 billion [4] - Total available liquidity was $3.6 billion, down from $3.9 billion in the prior quarter, with $1.1 billion generated from operating activities [4] Future Outlook - For Q1 2025, Aptiv expects revenues between $4.635 billion and $4.835 billion, and adjusted EPS between $1.4 and $1.6, both lower than current Zacks Consensus Estimates [5] - For the full year 2025, revenues are expected to be between $19.6 billion and $20.4 billion, with adjusted EPS between $7 and $7.6, both higher than current Zacks Consensus Estimates [6] - The company anticipates an adjusted operating income margin between 11.9% and 12.3%, and capital expenditure of $880 million [6]