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EX - 99.1 2 aptvq12021ex991.htm EX - 99.1 APTIV Exhibit 99.1 Media Release Aptiv Reports First Quarter 2021 Financial Results Announces New Carbon Emissions Targets for a More Sustainable Future DUBLIN - Aptiv PLC ( NYSE : APTV ) , a global technology company focused on making mobility safer , greener and more connected , today reported first quarter 2021 U.S. GAAP earnings of $ 1.03 per diluted share . Excluding special items , first quarter earnings totaled $ 1.06 per diluted share . First Quarter Financial Highlights Include : • • U.S. GAAP revenue of $ 4.0 billion , an increase of 25 % ° Revenue increased 20 % adjusted for currency exchange , commodity movements and divestitures U.S. GAAP net income of $ 279 million , diluted earnings per share of $ 1.03 ° Excluding special items , diluted earnings per share of $ 1.06 U.S. GAAP operating income margin of 10.7 % ° Adjusted Operating Income margin of 10.9 % , Adjusted Operating Income of $ 437 million ; Adjusted EBITDA of $ 630 million Generated $ 252 million of cash from operations " We had a strong start to the year , delivering better than expected revenues , earnings and cash flow , underscoring our ability to outperform despite tightening supply chains globally , " said Kevin Clark , president and chief executive officer . “ Our relentless focus on execution is helping to support ramping customer schedules as the post- pandemic recovery takes hold . As a result , we continue to be our customers ' partner of choice , as evidenced by our robust new business awards in the first quarter as customers leverage our unique portfolio of advanced technologies and global capabilities to accelerate their transition to the electrified , software - defined vehicles of the future . " First Quarter 2021 Results For the three months ended March 31 , 2021 , the Company reported U.S. GAAP revenue of $ 4.0 billion , an increase of 25 % from the prior year period . Adjusted for currency exchange , commodity movements and divestitures , revenue increased by 20 % in the first quarter . This reflects growth of 64 % in Asia , which includes growth of 94 % in China , 11 % in Europe , 5 % in North America and 28 % in South America , our smallest region . The Company reported first quarter 2021 U.S. GAAP net income of $ 279 million and earnings of $ 1.03 per diluted share , compared to $ 1,572 million and $ 6.14 per diluted share in the prior year period , which includes a non - cash gain of $ 5.63 per diluted share resulting from the completion of the Motional autonomous driving joint venture 1