Aptiv PLC reported a net loss of $11 million for the first quarter of 2025, a significant decline from a net income of $218 million in the same period of 2024. This resulted in a basic and diluted net loss per share of $0.05, compared to earnings of $0.79 per share in the prior year. The company's total net sales decreased by 2% to $4.825 billion, down from $4.901 billion, primarily due to a 1% decline in volumes, particularly in Europe and North America, despite a 1% increase in global automotive production.
The company's operating income rose to $448 million, up from $419 million in the previous year, driven by a reduction in operating expenses, which fell to $4.377 billion from $4.482 billion. Cost of sales decreased by $118 million, reflecting improved operational performance and favorable currency impacts. Selling, general, and administrative expenses increased to $384 million, partly due to $19 million in costs associated with the planned separation of its Electrical Distribution Systems business, which Aptiv intends to spin off by March 31, 2026.
In terms of strategic developments, Aptiv announced a realignment of its business into three reportable segments: Electrical Distribution Systems, Engineered Components Group, and Advanced Safety and User Experience. This restructuring is part of the company's strategy to enhance operational efficiency and focus on high-growth areas. The company also incurred $37 million in restructuring charges during the quarter, primarily related to workforce optimization and the closure of a European manufacturing site.
Aptiv's balance sheet showed total assets of $23.102 billion as of March 31, 2025, down from $23.458 billion at the end of 2024. The company reported cash and cash equivalents of $1.1 billion, with total debt amounting to $7.887 billion. The company continues to maintain a strong liquidity position, with approximately $3.4 billion available from cash and credit facilities. Looking ahead, Aptiv remains focused on optimizing its cost structure and investing in advanced technologies, while navigating the challenges posed by global economic conditions and supply chain disruptions.
About Aptiv PLC
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