APTIV PLC Reports Second Quarter FY2023 Earnings Results for June 30 2023
August 10, 2023
🌥️Earnings Overview
On August 3 2023, APTIV PLC ($NYSE:APTV) released its earnings results for the second quarter of FY2023, concluding June 30 2023. The company’s total revenue surged 28.2% year-on-year to USD 5200.0 million. In addition, net income was reported at USD 242.0 million, significantly recovering from the negative USD 45.0 million reported in the prior year.
Stock Price
APTIV PLC, a leading global provider of electrical architecture, electrification, and advanced safety solutions, reported their second quarter financial results for the fiscal year 2023 on Thursday ending June 30. The stock opened at $111.5 and closed at $109.6 with a 3.1% increase from the last closing price of 106.3. The strong results of the second quarter were attributed to the company’s continued growth in the automotive industry and its focus on innovation. APTIV PLC has invested heavily in new technologies such as electrification, autonomous driving, and connected vehicle solutions.
This has allowed them to capitalize on the industry’s transition from traditional combustion engines to electric and hybrid vehicles. Looking forward, APTIV PLC anticipates further success, as they continue to invest in new technologies and strategic partnerships. They are confident their innovative solutions will drive future growth and help them maintain their leadership position in the automotive industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Aptiv Plc. More…
| Total Revenues | Net Income | Net Margin |
| 19.27k | 894 | 5.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Aptiv Plc. More…
| Operations | Investing | Financing |
| 1.9k | -5.07k | -216 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Aptiv Plc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 22.1k | 12.58k | 32.64 |
Key Ratios Snapshot
Some of the financial key ratios for Aptiv Plc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.0% | 35.5% | 8.8% |
| FCF Margin | ROE | ROA |
| 5.3% | 11.6% | 4.8% |
Analysis
At GoodWhale, we have been conducting an in-depth analysis of APTIV PLC’s fundamentals. We’ve come to the conclusion that this is a high risk investment in terms of financial and business aspects. Our Risk Rating system has detected 4 risk warnings in the company’s income sheet, balance sheet, cashflow statement, and financial journal. We believe that investors should keep a close eye on these risks in order to make an informed decision before investing. To get a better understanding of the risk warnings, register on our website and take a look at our comprehensive analysis. Our system will provide you with timely updates about APTIV PLC’s financial and business performance, helping you make informed decisions and remain up-to-date with the latest news. More…
Peers
Aptiv PLC and its competitors, TI Fluid Systems PLC, Denso Corp, and Magna International Inc, are all vying for a share of the automotive market. TI Fluid Systems PLC is a leading supplier of fluid storage, transfer, and control products and systems. Denso Corp is a leading global supplier of advanced automotive technology, systems, and components. Magna International Inc is one of the world’s largest suppliers of automotive systems, components, and modules.
– TI Fluid Systems PLC ($LSE:TIFS)
FTSE 100 company, JTI Fluid Systems PLC is a world leader in the design and manufacture of automotive fluid systems. The company has a market cap of 655.54M as of 2022 and a Return on Equity of 6.17%. JTI Fluid Systems specialises in the design and production of fuel tanks, fuel pumps, and other fluid handling products for the automotive industry. The company’s products are used in a variety of vehicles, including cars, trucks, buses, and motorcycles. JTI Fluid Systems has a global footprint, with manufacturing facilities in Europe, North America, and Asia. The company’s products are sold in over 100 countries around the world.
– Denso Corp ($TSE:6902)
Denso Corp is a Japanese company that manufactures automotive parts, including air conditioners, fuel injectors, and spark plugs. The company has a market cap of 5.52T as of 2022 and a return on equity of 5.0%. Denso is a leading supplier of parts to Japanese automakers, and its products are also used in vehicles produced by other companies around the world. The company has a strong financial position and is well-positioned to continue growing its business in the future.
– Magna International Inc ($TSX:MG)
Magna International Inc is a Canadian multinational automotive supplier headquartered in Aurora, Ontario, Canada. Magna produces body, chassis, exterior, seating, powertrain, electronic, vision, closure, and roof systems and modules, as well as complete vehicle engineering and contract manufacturing. Magna has over 172,000 employees in 337 manufacturing plants and 109 product development, engineering and sales centres in 27 countries.
Summary
Investors should take a closer look at APTIV PLC after the company reported strong second quarter financial results for FY2023. Total revenue increased by 28.2% compared to the same period last year, and net income was a significant turnaround from the -45.0 million reported in the previous year. The strong performance was reflected in the company’s stock price, which moved up on August 3 2023. Overall, the results suggest that APTIV PLC is on a strong growth trajectory and may be a good investment opportunity for those looking to diversify their portfolio.
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