Aptiv PLC reported fourth quarter 2024 U.S. GAAP revenue of $4.9 billion, consistent with the prior year period, with a 1% decrease adjusted for currency and commodity movements. Adjusted earnings for the quarter totaled $1.75 per diluted share, exceeding the $1.40 reported in the prior year period.
For the full year 2024, Aptiv achieved U.S. GAAP revenue of $19.7 billion, a 2% decrease from the prior year, with a 2% decrease adjusted for currency and commodity movements. Full-year adjusted earnings reached $6.26 per diluted share, a significant increase from $4.86 in 2023, reflecting strong operating performance and cost reduction initiatives.
The company reported record fourth-quarter new business awards, contributing to its third consecutive year of over $30 billion in bookings. Adjusted Operating Income margin for the full year expanded to 12.0% from 10.6% in the prior year, demonstrating continued cost discipline and solid execution.
Aptiv completed a $3.0 billion Accelerated Share Repurchase (ASR) program in 2024, which significantly reduced its share count by 18%. As of December 31, 2024, $2.5 billion remained available under the existing $5.0 billion share repurchase authorization.
For the first quarter of 2025, Aptiv forecasts net sales between $4.635 billion and $4.835 billion, with adjusted EPS in the range of $1.40 to $1.60. The full-year 2025 outlook projects net sales of $19.6 billion to $20.4 billion and adjusted EPS of $7.00 to $7.60.
In connection with the planned spin-off of its Electrical Distribution Systems business, Aptiv realigned its business into three reportable operating segments: Electrical Distribution Systems, Engineered Components Group, and Advanced Safety and User Experience, effective in the first quarter of 2025.
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