Record Financial Results
Aptiv delivered record second quarter results with revenue of $5.2 billion, up 2% year-over-year. Operating income was $628 million, and earnings per share increased by 34% to $2.12.
Strong New Business Bookings
Aptiv achieved $5.4 billion in new business awards, with significant contributions from the Advanced Safety and User Experience segment, Engineered Components Group, and Electrical Distribution Systems.
Volkswagen Group Award
Aptiv received the Volkswagen Group Award for Resilient Supply Chains, reflecting the company's strong supply chain capabilities.
Improved Cash Flow and Deleveraging
Aptiv generated $510 million in operating cash flow and paid down $700 million of prepayable debt year-to-date, improving net leverage to 2x.