Aptiv (APTV) Tops Q4 EPS by 14c, Revenues Beat; Offers FY21 EPS Guidance Below Consensus, Provides FY21 Revenue Outlook

February 3, 2021 6:49 AM EST

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

Aptiv (NYSE: APTV) reported Q4 EPS of $1.13, $0.14 better than the analyst estimate of $0.99. Revenue for the quarter came in at $4.2 billion versus the consensus estimate of $3.82 billion.

Fourth Quarter Highlights Include:

  • U.S. GAAP revenue of $4.2 billion, an increase of 17%
    • Revenue increased 14% adjusted for currency exchange, commodity movements and divestitures
  • U.S. GAAP net income of $283 million, diluted earnings per share of $1.04
    • Excluding special items, diluted earnings per share of $1.13
  • U.S. GAAP operating income margin of 10.6%, operating income of $446 million
    • Adjusted Operating Income margin of 11.3%; Adjusted Operating Income of $476 million; Adjusted EBITDA of $678 million
  • Generated $799 million of cash from operations

"Last year was a year like no other. Despite the industry declines caused by the COVID-19 pandemic, Aptiv delivered strong performance, validating the strength of our portfolio of market relevant technologies aligned to the safe, green and connected megatrends, resulting in over $13 billion of revenue and 10 points of growth over market in 2020," said Kevin Clark, president and chief executive officer. "Throughout the pandemic, Aptiv kept our most important asset – our people – safe, and we were able to continue innovating and delivering for our customers. As the economic recovery takes hold, Aptiv is enabling our customers to thrive – facilitating the accelerating transition to an electrified, software-defined vehicle. We solve some of the industry's toughest challenges, creating exceptional value for customers, which in turn generates best-in-class, sustainable returns for shareholders. In 2021, even as the industry braces for continued pandemic-related challenges, our relentless focus on execution positions Aptiv for continued outperformance."

GUIDANCE:

Aptiv sees FY2021 EPS of $3.35-$3.85, versus the consensus of $4.04. Aptiv sees FY2021 revenue of $15.125-15.725 billion, versus the consensus of $15.35 billion.

For earnings history and earnings-related data on Aptiv (APTV) click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Corporate News, Earnings, Guidance, Hot Guidance, Management Comments

Related Entities

Earnings