Aptiv said it reported U.S. GAAP revenue of $5.1 billion for Q2 2024, down 3%, U.S. GAAP net income of $938 million, and U.S. GAAP diluted earnings per share of $3.47. Excluding special items, diluted earnings per share was $1.58.

1. 01

   Aptiv said it reported U.S. GAAP revenue of $5.1 billion for Q2 2024, down 3%, U.S. GAAP net income of $938 million, and U.S. GAAP diluted earnings per share of $3.47. Excluding special items, diluted earnings per share was $1.58.

2. 02

   The company said Adjusted Operating Income was $606 million for Q2, with a margin of 12.0%, compared with $530 million and 10.2% in the prior-year period. It added that U.S. GAAP operating income was $441 million, with a margin of 8.7%.

3. 03

   Aptiv said its board approved a new $5.0 billion share repurchase program, which will start after the completion of the existing $2.0 billion program. Under the existing and new authorizations, the company will immediately proceed with an accelerated share repurchase program totaling $3.0 billion.

4. 04

   Aptiv said the restructuring of its Motional stake with Hyundai was completed in May 2024, reducing its common equity interest from 50% to approximately 15% as of June 30, 2024. Its full-year net sales outlook is $20,100 million to $20,400 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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