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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), a leading global technology company, announced that Chief Financial Officer Joseph Massaro will present at the Jefferies and BNP Paribas Exane 2022 Spring Autos Conference on March 9 at 10:30 a.m. EST. This event aims to showcase Aptiv's continued commitment to developing safer, greener, and more connected mobility solutions. A live webcast of the presentation will be available on the Aptiv Investor Relations website for stakeholders. For further inquiries, interested parties can contact Aptiv Investor Relations.
Aptiv PLC (NYSE: APTV), a leader in mobility technology, announced key presentations at the Barclays 2022 Industrial Select Conference scheduled for February 24 at 1:15 p.m. EST. President and CEO Kevin Clark, along with CFO Joseph Massaro, will represent the company. Investors can access a simultaneous webcast on Aptiv's Investor Relations website. Aptiv focuses on developing safer, greener, and more connected mobility solutions, aiming for a sustainable future. For more details, visit aptiv.com.
Aptiv PLC (NYSE: APTV), a technology leader in mobility solutions, announced that its President and CEO, Kevin Clark, and CFO, Joseph Massaro, will present at Citi's 2022 Global Industrial Tech and Mobility Conference on February 24 at 10:30 a.m. EST. A webcast of the presentation will be available on Aptiv's Investor Relations website.
Aptiv focuses on creating safer, greener, and more connected mobility solutions for a sustainable future. For more details, visit aptiv.com.
Aptiv PLC (NYSE: APTV), a global leader in mobility technology, announced that its CEO, Kevin Clark, will present at the Wolfe Research Virtual Global Auto, Auto Tech & Mobility Conference on February 23 at 8:40 a.m. EST. A live webcast will be accessible through the Aptiv Investor Relations website. The presentation aims to discuss Aptiv's innovative solutions that contribute to safer and more sustainable mobility.
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 payable on March 15, 2022, to shareholders recorded by the end of business on March 1, 2022. The company continues to focus on making mobility safer, greener, and more connected as part of its commitment to sustainable solutions in the automotive technology sector.
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.
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