earnings
confidence high
sentiment positive
materiality 0.85
Aptiv Q2 2024: GAAP EPS $3.47, adj. EPS $1.58; announces $5B buyback, $3B ASR
Aptiv PLC
2024-Q2 EPS reported
$4.24
revenue$9,952,000,000
- Q2 GAAP revenue $5.1B (-3% YoY); adjusted revenue down 2% in line with AWM of (1)%.
- Adjusted operating income $606M, margin 12.0% vs 10.2% YoY; record quarterly earnings.
- Board authorizes new $5.0B share repurchase program; $3.0B accelerated repurchase immediately.
- Full-year 2024 guidance: adj. EPS $6.15-$6.45, revenue $20.1B-$20.4B, adj. operating margin 11.8%-12.1%.
- YTD returned $1,034M to shareholders via repurchases; Q2 operating cash flow $643M.