Aptiv PLC (NYSE: APTV), a global technology company enabling the future of mobility, today reported third quarter 2019 U.S. GAAP earnings of $0.96 per diluted share. Excluding special items, third quarter earnings totaled $1.27 per diluted share. These results include the adverse impacts in the third quarter of approximately $0.10 per diluted share resulting from the General Motors (“GM”) labor strike.
Third Quarter Highlights Include:
- U.S. GAAP revenue of $3.6 billion, an increase of 2%
- Revenue increased 6% adjusted for currency exchange, commodity movements and divestitures; adversely impacted by approximately $70 million resulting from the GM labor strike
- U.S. GAAP net income of $246 million, diluted earnings per share of $0.96
- Excluding special items, earnings of $1.27 per diluted share
- U.S. GAAP operating income margin of 9.0%
- Adjusted Operating Income margin of 11.5%; Adjusted Operating Income of $410 million, which includes adverse impacts of approximately $30 million resulting from the GM labor strike
- Generated $325 million of cash from operations
- Returned $100 million to shareholders through share repurchases and dividends
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SOURCE: Aptiv
