Aptiv PLC · Q3 2021 earnings

Briefing

Aptiv's third quarter performance reflected robust demand for safe, green, and connected technologies, with a focus on serving customers amidst a challenging operating environment.

Aptiv PLC reported U.S. GAAP earnings of $0.32 per diluted share for the third quarter of 2021. Revenue reached $3.7 billion, but was down 5% adjusted for currency exchange, commodity movements and divestitures. The company's performance was impacted by supply chain shortages, but demand for active safety content and high voltage platforms drove revenue growth over market.

• U.S. GAAP revenue was $3.7 billion, a decrease of less than 1% from the prior year period.
• U.S. GAAP net income was $86 million, with diluted earnings per share of $0.32.
• Adjusted Operating Income was $219 million, with a margin of 6.0%.
• Net cash flow from operating activities was $4 million.

Headline financials

Revenue & EPS history

The Company’s full year 2021 financial guidance is as follows:(in millions, except per share amounts)Full Year 2021Net sales$15,100 - $15,500Adjusted EBITDA$1,940 - $2,090Adjusted EBITDA margin12.8% - 13.5%Adjusted operating income$1,150 - $1,300Adjusted operating income margin7.6% - 8.4%Adjusted net income per share (1)$2.30 - $2.80Cash flow from operations$1,225Capital expenditures$650Adjusted effective tax rate12%