Welcome to our dedicated page for Aptiv PLC news (Ticker: APTV), a resource for investors and traders seeking the latest updates and insights on Aptiv PLC stock.
Aptiv PLC (NYSE: APTV) is a global technology company dedicated to advancing safer, greener, and more connected transportation solutions, thus contributing to the sustainable future of mobility. Aptiv’s core operations are divided into two main segments: Signal and Power Solutions and Advanced Safety and User Experience. The Signal and Power Solutions segment includes products such as wiring assemblies, connectors, electrical centers, and hybrid electrical systems which are essential to a vehicle’s electrical framework.
The Advanced Safety and User Experience segment is responsible for the development of body controls, infotainment systems, connectivity solutions, and driver-assist technologies. This segment also engages in creating software for these systems, emphasizing advanced driver-assistance technologies (ADAS) and passive and active safety electronics.
In recent years, Aptiv has formed significant partnerships to drive technological advancements. Notably, in 2023, Aptiv entered a strategic collaboration with Horizon Robotics to bolster automated driving solutions in China. This partnership aims to innovate with integrated software and hardware solutions tailored specifically for the Chinese automotive market. Furthermore, Aptiv’s acquisition strategy and partnerships, such as with Wind River, enhance its software offerings for critical systems, further supporting its market position in both hardware and software innovation.
Financially, Aptiv has shown robust performance with significant revenue contributions from key markets such as North America, Europe, and Asia, which together represent nearly its total revenue. The company achieved a 15% increase in revenue in the year 2023, reaching $20.1 billion, with substantial gains from both its primary segments. The company’s operational efficiency is highlighted by improvements in adjusted operating income margins and continued strong cash flow generation.
As part of its forward-looking strategy, Aptiv remains focused on enhancing its product portfolio and technological capabilities through investment in R&D and strategic acquisitions. This strategy aligns with the company’s vision to enable the future of mobility through innovation in electrification, connectivity, and automation.
Aptiv PLC (NYSE: APTV) announced the pricing of three senior notes totaling $2.5 billion, featuring 2.396% due 2025, 3.250% due 2032, and 4.150% due 2052. The 2025 Notes will be issued at 100% of the principal, while the 2032 and 2052 Notes will be priced at 99.600% and 99.783%, respectively. The net proceeds will fund part of the acquisition of Wind River Systems, Inc. The offering is set to close on February 18, 2022, subject to conditions. If the acquisition is not completed by July 10, 2023, the 2032 and 2052 Notes must be redeemed.
TTTech Auto has raised USD 285 million in funding, with Aptiv investing USD 228 million and Audi contributing USD 57 million. This investment boosts TTTech Auto's valuation over USD 1 billion and reinforces its position in the automotive safety software sector. The funds will accelerate the development of TTTech's MotionWise safety software, support international expansion, and enhance M&A capabilities. TTTech Auto plans to create hundreds of high-tech jobs globally, particularly in Asia.
Aptiv PLC (NYSE: APTV) reported its fourth quarter 2021 results, showing a 2% decline in revenue to $4.1 billion. For the quarter, U.S. GAAP net income was $15 million, or $0.06 per diluted share, significantly down from $283 million, or $1.04 per share, year-over-year. Adjusted earnings per share were $0.56. For the full year 2021, revenues reached $15.6 billion, a 20% increase, but net income decreased to $527 million from $1.77 billion. Looking ahead, Aptiv anticipates 2022 revenue of $17.75-$18.15 billion amid ongoing supply chain challenges.
Aptiv PLC (NYSE: APTV) announces the appointment of Sophia Velastegui as Chief Product Officer, effective January 18, 2022. Velastegui, an AI expert with over 20 years of experience from companies including Microsoft and Google, aims to enhance Aptiv's automotive software systems. Her focus will be on developing a complex software platform to drive growth in the automotive sector. CEO Kevin Clark emphasized Aptiv's strategic positioning to lead in innovation and meet customers' needs for advanced, software-defined vehicles.
Aptiv PLC (NYSE: APTV) will announce its fourth-quarter 2021 financial results and 2022 outlook on February 3, 2022. An investor call will take place the same day at 8:00 a.m. EST, hosted by President and CEO Kevin Clark and CFO Joseph Massaro. The live webcast and presentation materials will be accessible via the Aptiv Investor Relations website. Participants can join by phone, with specific dialing instructions provided. A replay will be available two hours post-call.
Aptiv PLC (NYSE: APTV) announced a definitive agreement to acquire Wind River, a leader in intelligent edge software, from TPG Capital for $4.3 billion in cash. This acquisition aims to enhance Aptiv's capabilities in the rapidly evolving automotive sector, where software-defined vehicles are becoming increasingly important. Wind River generated approximately $400 million in revenue in 2021 and supports over two billion devices globally. The acquisition is expected to close mid-year 2022, subject to regulatory approvals.
Aptiv PLC (NYSE: APTV), a company focused on advancing mobility technology, will have Glen De Vos, Senior VP and CTO, present at the 20th Annual J.P. Morgan Tech/Auto Forum on January 5 at 3:15 p.m. EST. This event underscores Aptiv's commitment to creating safer and more connected automotive solutions. A webcast of the presentation will be accessible via the Aptiv Investor Relations website. For inquiries, contact their Investor Relations team.
Aptiv PLC (NYSE: APTV), a leading technology firm focused on improving mobility, announced that Glen De Vos, Senior VP and CTO, will present at the Morgan Stanley 8th Annual Auto 2.0 Conference on January 5 at 2:15 PM EST. The conference will focus on advancements in automotive technology and mobility solutions. A live webcast of the presentation will be available on Aptiv's Investor Relations website. For more information, investors can contact Aptiv's Investor Relations via email.
Aptiv PLC (NYSE: APTV) announced a quarterly cash dividend of $1.375 per share on its 5.50% Series A Mandatory Convertible Preferred Shares. This dividend will be paid on December 15, 2021, to shareholders of record by the close of business on December 1, 2021. The company continues its commitment to returning value to shareholders while advancing its mission to develop safer, greener, and more connected mobility solutions.
Aptiv PLC (NYSE: APTV), a technology leader in mobility solutions, announced its CFO Joseph Massaro will present at the Barclays Global Automotive and Mobility Tech Conference on November 18, 2021, at 12:10 p.m. EST. The presentation aims to highlight Aptiv's commitment to making mobility safer, greener, and more connected. Investors can access a live webcast on the Aptiv Investor Relations website. For inquiries, contact Aptiv Investor Relations via email.
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