EarningsAptiv reported solid second-quarter results that exceeded both JP Morgan and consensus estimates, suggesting strong cost execution is likely to continue.
Financial PerformanceRevenue in the second quarter was significantly ahead of both Bloomberg consensus and JP Morgan estimates, driven by better-than-expected customer production.
Growth OpportunitiesThe spinoff of the EDS business provides additional upside for APTV, with growth and EBITDA margin expected to be higher than historical levels, leading to a higher multiple.