NYSE$APTV

Aptiv PLC · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Aptiv's third quarter results were driven by strong revenue growth and record adjusted operating earnings.

Aptiv reported strong third quarter 2023 results with a U.S. GAAP revenue of $5.1 billion, an 11% increase from the prior year period. U.S. GAAP net income was $1,629 million, with diluted earnings per share of $5.76. Adjusted Operating Income margin was 11.0%, with Adjusted Operating Income of $560 million.

  • U.S. GAAP revenue of $5.1 billion, an increase of 11%.
  • U.S. GAAP net income of $1,629 million, diluted earnings per share of $5.76.
  • Adjusted Operating Income margin of 11.0%, Adjusted Operating Income of $560 million; Adjusted EBITDA margin of 14.2%; Adjusted EBITDA of $727 million.
  • Generated $746 million of cash from operations.

Headline financials

Total Revenue

$5.11B

Previous: $4.61B+10.8%
EPS (adj)

$1.30

Previous: $1.28+1.6%
Adj. Operating Income

$560M

Previous: $525M+6.7%
Adj. EBITDA

$727M

No prior period
Adj. Op. Margin

11.0%

No prior period
Capital Expenditures

-$212M

No prior period
Free Cash Flow

$1.63B

Previous: $301M+441.2%
Net Income

$1.63B

Previous: $301M+441.2%
Operating Income

$446M

Previous: $470M-5.1%
Gross Profit

$893M

Previous: $793M+12.6%
Cash & Equivalents

$1.81B

Previous: $4.85B-62.7%
Total Assets

$23.7B

Previous: $20B+18.7%
Stock-Based Comp

$31M

Previous: $19M+63.2%

Revenue & EPS history

Aptiv · Revenue · Quarterly

$5.11B

Q3 2023+10.8%vs Q3 2022
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Aptiv · $1.44B total across 1 segment · Q3 2023

  • AS&UX
    $1.44B+20.2%

Forward guidance

The Company’s full year 2023 financial guidance includes adverse impacts to revenue of approximately $180 million as a result of the UAW labor strikes initiated during the third quarter of 2023, assuming there are no further impacts from work stoppages subsequent to the end of October 2023.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2023

Historical avgQ3 2023

-0.0%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+1.6%

Avg return

30 days after

54%

33 / 61 earnings

Positive

+15.9%

Q1 2024

Best reaction

-10.3%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.2%-2.7%+22.5%
Q4 2025+2.0%+8.8%-3.1%
Q3 2025-4.3%-5.7%-9.6%
Q1 2025-0.2%+2.0%+17.1%
Q4 2024+3.6%+5.5%+9.1%
Q3 2024+1.6%-18.0%-17.6%
Q2 2024+0.3%-0.5%+3.1%
Q1 2024+15.9%+19.0%+19.4%
Q4 2023-3.7%-5.2%-8.8%
Q3 2023-3.8%-2.4%-7.0%
Q2 2023+0.5%+0.0%-1.7%
Q1 2023-9.1%-7.2%-7.4%
Q4 2022+0.9%+1.0%+4.0%
Q3 2022-2.0%+0.9%+17.2%
Q2 2022-10.3%-9.4%-16.8%
Q1 2022-2.8%-11.5%-1.2%
Q4 2021-5.4%-4.0%-24.3%
Q3 2021+2.2%+3.2%-3.4%
Q2 2021-1.6%+2.4%-9.5%
Q1 2021-2.1%-4.9%+2.4%
Q4 2020+0.6%+5.3%+3.5%
Q3 2020+3.1%+8.8%+30.2%
Q2 2020-7.1%-3.2%+4.3%
Q1 2020+1.4%+6.0%+30.2%
Q4 2019-5.7%+0.7%-13.1%
Q3 2019-0.9%+5.8%+3.9%
Q2 2019+2.5%-0.7%+2.0%
Q1 2019-4.1%-5.0%-23.4%
Q4 2018+5.7%+6.6%+14.2%
Q3 2018+4.4%+2.6%-3.1%
Q2 2018+3.7%+6.4%-3.8%
Q1 2018+7.8%+10.4%+17.2%
Q4 2017-0.7%-2.4%-6.6%
Q3 2017-2.5%-2.1%+4.2%
Q2 2017+3.4%+4.1%+8.7%
Q1 2017-3.4%-7.3%-0.7%
Q4 2016+0.5%+0.8%+3.9%
Q3 2016+1.7%+6.1%-2.3%
Q2 2016-2.8%+0.6%+7.4%
Q1 2016-1.6%
Q4 2015-3.0%
Q3 2015-3.4%
Q2 2015-0.4%
Q1 2015-0.5%
Q4 2014+1.9%
Q3 2014+1.8%
Q2 2014-1.0%
Q1 2014+4.1%
Q4 2013+0.9%
Q3 2013-3.7%
Q2 2013+0.2%
Q1 2013-0.9%
Q4 2010+3.3%
Q4 2012+3.3%
Q3 2012+4.5%
Q3 2011+4.5%
Q2 2012+0.4%
Q2 2011+0.4%
Q1 2011+0.8%
Q1 2012+0.8%
Q4 2011+0.8%
Q3 2010
Q2 2010
Q1 2010

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