Aptiv PLC (NYSE: APTV), a global technology company enabling the future of mobility, today reported fourth quarter 2019 U.S. GAAP earnings of $0.90 per diluted share. Excluding special items, fourth quarter earnings totaled $1.15 per diluted share. These results include the adverse impacts in the fourth quarter of approximately $0.28 per diluted share resulting from the General Motors (“GM”) labor strike.
Fourth Quarter Highlights Include:
- U.S. GAAP revenue of $3.6 billion, a decrease of 1%
- Revenue increased 2% adjusted for currency exchange, commodity movements and divestitures; adversely impacted by approximately $130 million resulting from the GM labor strike
- U.S. GAAP net income of $230 million, diluted earnings per share of $0.90
- Excluding special items, earnings of $1.15 per diluted share, which includes adverse impacts of approximately $0.28 per diluted share resulting from the GM labor strike
- U.S. GAAP operating income margin of 9.0%
- Adjusted Operating Income margin of 10.8%; Adjusted Operating Income of $388 million, which includes adverse impacts of approximately $80 million resulting from the GM labor strike
- Generated $703 million of cash from operations
- Returned $86 million to shareholders through share repurchases and dividends
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SOURCE: Aptiv
