Aptiv PLC reported first quarter 2025 U.S. GAAP revenue of $4.8 billion, a 2% decrease from the prior year period. Adjusted for currency exchange and commodity movements, revenue decreased by 1% during the quarter, with declines in Europe, North America, and South America, partially offset by growth in Asia.
The company reported a U.S. GAAP net loss of $0.05 per diluted share for Q1 2025, primarily due to a $356 million tax expense. This expense reflects a $300 million increase to valuation allowances on deferred tax assets impacted by new OECD Administrative Guidance issued in the quarter.
Despite the GAAP net loss, Aptiv achieved record first quarter adjusted earnings of $1.69 per diluted share, an increase from $1.16 in the prior year period. Adjusted Operating Income rose to $572 million from $544 million, with the margin expanding to 11.9% from 11.1%, demonstrating strong operational execution and cost reduction initiatives.
During the first quarter of 2025, Aptiv received incremental deliveries of 11.7 million shares under its Accelerated Share Repurchase (ASR) Program. In April 2025, the final settlement of the ASR program was completed, with total deliveries of 48.5 million shares at an average price of $61.84 per share. $2.52 billion remains available under the existing $5.0 billion authorization.
For the second quarter of 2025, Aptiv provided guidance for net sales between $4.92 billion and $5.12 billion, and adjusted EPS in the range of $1.70 to $1.90. The full-year 2025 guidance for net sales remains at $19.6 billion to $20.4 billion, with adjusted EPS projected between $7.00 and $7.60, though this guidance does not reflect potential impacts of recently imposed or threatened tariffs.
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