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

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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."


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.

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