Aptiv PLC reported record third‑quarter revenue of $5.212 billion, a 7.4% year‑over‑year increase, and adjusted earnings of $2.17 per share, up 19% from the same period last year. U.S. GAAP net income was a $355 million loss, driven by a $648 million goodwill impairment related to the 2022 Wind River acquisition. Adjusted operating income rose to $654 million, expanding the margin to 12.5% from 12.2% in the prior year.
The company’s Electrical Distribution Systems segment grew 11% in revenue, contributing $163 million in adjusted operating income. The Engineered Components Group saw 6% revenue growth, while the Advanced Safety and User Experience segment remained flat. These segment results underpin the overall margin expansion.
For the fourth quarter, Aptiv expects net sales of $4.905 billion to $5.205 billion, operating income of $350 million to $450 million, and adjusted earnings of $1.60 to $1.90 per share. Full‑year guidance has been lifted to net sales of $20.15 billion to $20.45 billion, adjusted earnings of $7.55 to $7.85 per share, and adjusted operating income of $2.4 billion to $2.5 billion.
The company redeemed $148 million of senior notes and repurchased $96 million of shares during the quarter, bringing year‑to‑date share repurchases to $1.2 billion. The separation of the Electrical Distribution Systems business remains on track, and Aptiv continues to focus on cash flow generation and debt reduction as part of its capital allocation strategy.
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