Supplier Aptiv has reported second quarter 2023 earnings of US$0.84 per share or $1.25 excluding special items.
Revenue rose 28% year on year to $5.2bn and net income was $229m with earnings per share of $0.84. This compared to a net loss of $61m and $0.23 per share a year ago.
Adjusted operating income margin was 10.2% (5.3%) and adjusted operating income $530m compared to $213m. Adjusted EBITDA margin was 13.4% and adjusted EBITDA $695m.
First half revenue rose 22% to $10bn, net income was $375m and earnings per share $1.38.
Operating income margin was 7.6%, adjusted operating income $967m, adjusted EBITDA margin 12.9% and adjusted EBITDA $1,289m.
“Aptiv delivered record revenue and adjusted operating earnings in the second quarter, reflecting continued gains across our entire portfolio and solid operating execution,” said Kevin Clark, chairman and chief executive officer.
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“We continued to achieve strong new business awards, $20bn year to date.”