Summary
- Despite the weakness in the market environment, Aptiv showed strong cost control and flexibility by generating strong margins and profitability.
- The company is aggressively repurchasing shares, indicating confidence in its undervaluation and a focus on enhancing shareholder value.
- Despite the weak operating environment in the automotive industry, Aptiv managed to book $4.3 billion in new business awards in the quarter.
- This includes continued traction in ADAS and market share gains at Chinese local OEMs.
- Strong execution, margin resilience, and strategic share buybacks position Aptiv for upside in the second half of 2024.
Michael Vi
Aptiv (NYSE:APTV) reported 2Q24 earnings which was as good as I could ask for given the current industry environment and sentiment.
Despite the slower growth, Aptiv managed to beat 2Q24 on margins, which shows the amount of flexibility the company has in
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