Connect with us

Financial

Aptiv Reports Q4, Full-Year 2019 Financial Results

The company reported U.S. GAAP revenue of $14.4 billion, a decrease of 1%.

Advertisement

Aptiv PLC has reported fourth quarter 2019 U.S. GAAP earnings of 90 cents per diluted share. Excluding special items, fourth quarter earnings totaled $1.15 per diluted share. These results include the adverse impacts in the fourth quarter of approximately 28 cents per diluted share resulting from the General Motors (GM) labor strike.

Advertisement
Click Here to Read More
Advertisement

Fourth Quarter Highlights Include:

  • U.S. GAAP revenue of $3.6 billion, a decrease of 1%
  • Revenue increased 2% adjusted for currency exchange, commodity movements and divestitures; adversely impacted by approximately $130 million resulting from the GM labor strike
  • U.S. GAAP net income of $230 million, diluted earnings per share of $0.90
  • Excluding special items, earnings of $1.15 per diluted share, which includes adverse impacts of approximately $0.28 per diluted share resulting from the GM labor strike
  • U.S. GAAP operating income margin of 9.0%
  • Adjusted Operating Income margin of 10.8%; Adjusted Operating Income of $388 million, which includes adverse impacts of approximately $80 million resulting from the GM labor strike
  • Generated $703 million of cash from operations
  • Returned $86 million to shareholders through share repurchases and dividends

Full Year 2019 Highlights Include:

  • U.S. GAAP revenue of $14.4 billion, a decrease of 1%
  • Revenue increased 4% adjusted for currency exchange, commodity movements and divestitures; adversely impacted by approximately $200 million resulting from the GM labor strike
  • U.S. GAAP net income of $990 million, diluted earnings per share of $3.85
  • Excluding special items, earnings of $4.80 per diluted share, which includes adverse impacts of approximately $0.38 per diluted share resulting from the GM labor strike
  • U.S. GAAP operating income margin of 8.9%
  • Adjusted Operating Income margin of 10.8%; Adjusted Operating Income of $1,548 million, which includes adverse impacts of approximately $110 million resulting from the GM labor strike
  • Generated $1,624 million of cash from operations
  • Returned $646 million to shareholders through share repurchases and dividends

“In 2019, Aptiv continued to build on its track record of industry leadership, innovation and execution, sustaining strong above-market growth and delivering record new business awards totaling over $22 billion, focused on delivering the software capabilities, advanced computing platforms and networking architecture that are making the future of mobility real,” said Kevin Clark, president and CEO. “We enhanced the long-term competitiveness of our business model by continuing to reduce overhead costs and reinvest those savings in the development of advanced technologies. We also continued our track record of value-enhancing and balanced capital deployment, investing in acquisitions and returning approximately $650 million of cash to shareholders. Looking ahead, I am confident our strategically positioned portfolio and relentless focus on execution will continue to drive strong, sustainable performance and superior value creation even in a challenging macro environment, as reflected in our outlook for 2020.”

Advertisement

Loading Post...

Loading Post...

Loading Post...

Advertisement

POPULAR POSTS

Distribution

CARB Fines Major Online Automotive Parts Retailer $1M For Selling Illegal Aftermarket Parts In California

Financial

Motorcar Parts Of America Reports Fiscal 2016 Second Quarter, Six-Month Results

Distribution

Synchrony Financial, Pep Boys Extend Consumer Financing Program

Financial

O’Reilly Automotive Reports Q4, Full-Year 2019 Results

Connect