Aptiv PLC (APTV - Free Report) reported better-than-expected fourth-quarter 2022 results.
Adjusted earnings (excluding 41 cents from non-recurring items) of $1.27 per share beat the Zacks Consensus Estimate by 6.7% and increased more than 100% on a year-over-year basis.
Revenues of $4.6 billion surpassed the Zacks Consensus Estimate by 6% and increased 12.2% year over year. The top line registered 22% growth in Europe, 21% in North America, 12% in Asia, including 8% in China, and 40% in South America.
Other Quarterly Numbers
Signal and Power Solutions’ revenues of $3.4 billion were up 12% year over year. Advanced Safety and User Experience segment’s revenues increased 15% year over year to $1.3 billion.
Adjusted operating income was $523 million, up 68.7% from the figure reported in the year-ago quarter. Adjusted operating income margin was 11.3%, up 380 basis points year over year.
Aptiv exited the quarter with a cash and cash equivalent balance of $1.53 billion. Long-term debt was $6.5 billion compared with $6.3 billion at the end of the previous quarter.
Total available liquidity at the end of the quarter was $4 billion compared with $7.3 billion recorded at the end of the prior quarter. In the quarter, net cash generated from operating activities was $933 million.
2023 Outlook
The company expects revenues of $18.7-$19.3 billion, the mid-point ($19 billion) of which is below the Zacks Consensus Estimate of $19.29 billion.
Adjusted EPS is expected between $4.00 and $4.50, the mid-point ($4.25 billion) of which is below the Zacks Consensus Estimate of $4.84.
The adjusted operating income margin is anticipated between 10.3% and 10.8%. Capital expenditure is expected to be $950 million.
The adjusted EBITDA margin is expected between 13.8% and 14.2%. Adjusted effective tax rate is expected to be 14.5%.
Currently, Aptiv carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Earnings Snapshots
Robert Half International Inc. (RHI - Free Report) reported mixed fourth-quarter 2022 results, wherein earnings beat the Zacks Consensus Estimate but revenues missed.
Quarterly earnings of $1.37 per share beat the Zacks Consensus Estimate by 1.5% but declined 9.3% year over year. Revenues of $1.73 billion missed the Zacks Consensus Estimate by 0.6% and decreased 2.4% year over year for RHI.
Automatic Data Processing, Inc. (ADP - Free Report) reported better-than-expected second-quarter fiscal 2023 results.
Adjusted earnings per share of $1.96 beat the Zacks Consensus Estimate by 0.5% and grew 19% from the year-ago quarter’s reading. Total revenues of $4.4 billion beat the Zacks Consensus Estimate by 0.3% and improved 9.1% from the year-ago quarter’s reading on a reported basis and 10% on an organic constant-currency basis for ADP.
Booz Allen Hamilton Holding Corp. (BAH - Free Report) reported impressive third-quarter fiscal 2023 results, with both earnings and revenues beating the Zacks Consensus Estimate. Quarterly adjusted earnings (excluding 84 cents from non-recurring items) per share of $1.07 beat the Zacks Consensus Estimate by 4.9% and increased 4.9% on a year-over-year basis.
Total revenues of $2.3 billion beat the Zacks Consensus Estimate by 4% and increased 12.1% on a year-over-year basis for BAH.
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Aptiv PLC (APTV - Free Report) reported better-than-expected fourth-quarter 2022 results.
Adjusted earnings (excluding 41 cents from non-recurring items) of $1.27 per share beat the Zacks Consensus Estimate by 6.7% and increased more than 100% on a year-over-year basis.
Revenues of $4.6 billion surpassed the Zacks Consensus Estimate by 6% and increased 12.2% year over year. The top line registered 22% growth in Europe, 21% in North America, 12% in Asia, including 8% in China, and 40% in South America.
Other Quarterly Numbers
Signal and Power Solutions’ revenues of $3.4 billion were up 12% year over year. Advanced Safety and User Experience segment’s revenues increased 15% year over year to $1.3 billion.
Adjusted operating income was $523 million, up 68.7% from the figure reported in the year-ago quarter. Adjusted operating income margin was 11.3%, up 380 basis points year over year.
Aptiv exited the quarter with a cash and cash equivalent balance of $1.53 billion. Long-term debt was $6.5 billion compared with $6.3 billion at the end of the previous quarter.
Total available liquidity at the end of the quarter was $4 billion compared with $7.3 billion recorded at the end of the prior quarter. In the quarter, net cash generated from operating activities was $933 million.
2023 Outlook
The company expects revenues of $18.7-$19.3 billion, the mid-point ($19 billion) of which is below the Zacks Consensus Estimate of $19.29 billion.
Adjusted EPS is expected between $4.00 and $4.50, the mid-point ($4.25 billion) of which is below the Zacks Consensus Estimate of $4.84.
The adjusted operating income margin is anticipated between 10.3% and 10.8%. Capital expenditure is expected to be $950 million.
The adjusted EBITDA margin is expected between 13.8% and 14.2%. Adjusted effective tax rate is expected to be 14.5%.
Currently, Aptiv carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Earnings Snapshots
Robert Half International Inc. (RHI - Free Report) reported mixed fourth-quarter 2022 results, wherein earnings beat the Zacks Consensus Estimate but revenues missed.
Quarterly earnings of $1.37 per share beat the Zacks Consensus Estimate by 1.5% but declined 9.3% year over year. Revenues of $1.73 billion missed the Zacks Consensus Estimate by 0.6% and decreased 2.4% year over year for RHI.
Automatic Data Processing, Inc. (ADP - Free Report) reported better-than-expected second-quarter fiscal 2023 results.
Adjusted earnings per share of $1.96 beat the Zacks Consensus Estimate by 0.5% and grew 19% from the year-ago quarter’s reading. Total revenues of $4.4 billion beat the Zacks Consensus Estimate by 0.3% and improved 9.1% from the year-ago quarter’s reading on a reported basis and 10% on an organic constant-currency basis for ADP.
Booz Allen Hamilton Holding Corp. (BAH - Free Report) reported impressive third-quarter fiscal 2023 results, with both earnings and revenues beating the Zacks Consensus Estimate. Quarterly adjusted earnings (excluding 84 cents from non-recurring items) per share of $1.07 beat the Zacks Consensus Estimate by 4.9% and increased 4.9% on a year-over-year basis.
Total revenues of $2.3 billion beat the Zacks Consensus Estimate by 4% and increased 12.1% on a year-over-year basis for BAH.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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