Aptiv to spin off Electrical Distribution Systems business into separate public company by Q1 2026

Aptiv PLC

Spin-off of EDS via tax-free dividend to Aptiv shareholders; target completion by March 31, 2026.
Pro forma Aptiv (post-spin) had ~$12.1B revenue, $1.4B GAAP OI, $2.3B Adj EBITDA in 2024.
Standalone EDS had $8.3B revenue, $0.4B GAAP OI, $0.8B Adj EBITDA in 2024.
Medium-term targets: Aptiv mid-to-high single digit rev growth, low-to-mid teens OI margins; EDS mid-single digit rev growth, mid-to-high OI margins.
Company affirms full-year 2024 outlook; Q4 results on Feb 6, 2025.

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