Joseph R. Massaro
Joseph R. Massaro, currently Aptiv’s Vice Chairman, Business Operations, and Chief Financial Officer will assume lead of the Engineered Components Group and will step down from his position as Chief Financial Officer.
Highest-materiality recent filing
Aptiv Q1 rev $5.1B +5%; GAAP EPS $0.88; completes EDS spin-off; guides New Aptiv adj EPS $5.70-6.10
GAAP revenue $5.1B +5% YoY; adjusted revenue +1% ex-FX/commodity.
Aptiv completes Versigent spin-off; pro forma 2025 net loss $43M on continuing operations
Spin-off completed Apr 1, 2026; Aptiv distributed 1 Versigent share for every 3 Aptiv shares.
Aptiv completes spin-off of Versigent; shareholders receive one VGNT share per three APTV shares
Spin-off effective April 1, 2026; Versigent begins trading on NYSE under ticker VGNT.
Aptiv upsizes tender offer to $1.371B, sets pricing; contingent on Versigent spin-off
Maximum aggregate consideration increased from $1.35B to $1.371B.
Aptiv launches $1.35B tender offer for 7 note series; conditionally redeems $401M 2029 notes
Tender offer up to $1.35B for notes with maturities 2032-2054; acceptance priority levels assigned per series.
Aptiv subsidiary Versigent Limited filed amended Registration Statement on Form 10 for spin-off of Electrical Distribution Systems business.
Aptiv subsidiaries price upsized $1.6B senior notes to fund spin-off dividend
Offering: $800M of 6.125% notes due 2031 and $800M of 6.375% notes due 2034, up $100M from prior $1.5B total.
Aptiv board approves Versigent spin-off; record date March 17, distribution April 1
Shareholders receive 1 Versigent share for every 3 Aptiv shares held on March 17, 2026.
Cyprium Corp and Cyprium Luxembourg launch $1.5B private offering of senior notes due 2031 and 2034.
Aptiv PLC plans spin-off of Electrical Distribution Systems business into Versigent Limited
The transaction is intended to be a tax-free spin-off to Aptiv shareholders.
Aptiv subsidiary files amended Form 10 for spin-off of EDS business; target completion April 1, 2026
Versigent Limited, an Aptiv subsidiary, filed an amended preliminary Registration Statement on Form 10 with the SEC.
Aptiv Q4 revenue $5.2B +5% YoY; adj. EPS $1.86 beats; full-year adj. EPS $7.82 +25%
Q4 GAAP net income $138M ($0.64/diluted); adjusted net income $402M ($1.86/diluted EPS).
Aptiv files preliminary Form 10 for spin-off of EDS business, target completion by March 31, 2026
Cyprium Holdings Limited, a subsidiary of Aptiv, filed preliminary Form 10 with the SEC for the spin-off of its Electrical Distribution Systems business.
Q3 revenue $5.2B (+7% YoY, record); adjusted EPS $2.17 vs $1.83; GAAP net loss $355M on $648M goodwill impairment.
Aptiv reports record Q2 2025 revenue $5.2B; adj EPS $2.12 beats $1.58 YoY
U.S. GAAP revenue $5.2B, +3% YoY; adj revenue +2% after currency/commodity.
Aptiv Q1 adjusted EPS $1.69 beats prior year $1.16; revenue down 2% to $4.8B
GAAP net loss of $11M ($0.05 loss per share) vs prior year net income of $218M ($0.79 EPS); adjusted EPS $1.69 vs $1.16.
Aptiv Q4 adj EPS $1.75, rev $4.9B; FY2024 adj EPS $6.26; guides FY2025 adj EPS $7.00-$7.60
Q4 2024 GAAP EPS $1.14; adjusted EPS $1.75, up from $1.40 YoY; revenue $4.9B flat YoY.
Aptiv to spin off Electrical Distribution Systems business into separate public company by Q1 2026
Spin-off of EDS via tax-free dividend to Aptiv shareholders; target completion by March 31, 2026.
Aptiv completes redomestication to new Jersey company; shares exchange 1-for-1
Royal Court of Jersey sanctioned scheme on Dec 13; effective Dec 17, 2024.
Aptiv shareholders approve scheme of arrangement and merger; effective expected Dec 17
Court Meeting: 206,970,995 votes for and 704,751 against the scheme.
Aptiv names Varun Laroyia as CFO; Massaro to lead Engineered Components; COO Presley departs
Joseph Massaro named Vice Chairman, Engineered Components Group, effective Nov 8; steps down as CFO.
Aptiv Q3 adj EPS $1.83 record; rev down 5%; full-year guidance updated
Record Q3 adj EPS $1.83 (vs $1.30 YoY); GAAP EPS $1.48; adj net income $449M.
Aptiv issues $2.15B in senior and subordinated notes; rates from 4.65% to 6.875%
$550M 4.650% senior notes due 2029, $550M 5.150% due 2034, $550M 5.750% due 2054.
Aptiv to redeem $700M of 2.396% Senior Notes due 2025 on Sept 19, contingent on new debt financing
Redemption of entire $700M principal of 2.396% Senior Notes due 2025 at 100% plus accrued interest.
Aptiv launches $3B accelerated share repurchase, funds with $2.5B bridge loan
Entered ASR agreements with Goldman Sachs and JPMorgan to repurchase up to $3.0B of ordinary shares.
Aptiv Q2 2024: GAAP EPS $3.47, adj. EPS $1.58; announces $5B buyback, $3B ASR
Q2 GAAP revenue $5.1B (-3% YoY); adjusted revenue down 2% in line with AWM of (1)%.
Aptiv Q1 GAAP EPS $0.79, adj. $1.16; revenue $4.9B +2% YoY; guides FY adj. EPS $5.80-$6.30
GAAP net income $218M ($0.79 diluted EPS); adjusted EPS $1.16 vs $0.91 prior year period.
Aptiv reports Q4 2023 adj. EPS $1.40, revenue $4.9B; guides FY2024 adj. EPS $5.55-$6.05
Q4 GAAP EPS $3.22 (incl. $0.7B deferred tax benefit); adjusted EPS $1.40 vs $1.27 prior year.
Joseph R. Massaro, currently Aptiv’s Vice Chairman, Business Operations, and Chief Financial Officer will assume lead of the Engineered Components Group and will step down from his position as Chief Financial Officer.
William T. Presley, Vice Chairman and Chief Operating Officer, will step down from his role at Aptiv on November 22, 2024, to pursue other opportunities.
Max materiality 0.85 · Median 0.65 · Most common event other_material