“We had a strong start to the year with record revenue and near-record bookings in the first quarter, underscoring Aptiv’s increasing competitive differentiation and strategic value to our customers as the industry transitions further towards the fully-electrified, software-defined vehicle,” Clark mentioned in a observation.
“Bolstered by our recent acquisitions of Wind River and Intercable Automotive, we continue to gain commercial traction across our portfolio, particularly in our smart vehicle architecture and high voltage platforms. Combined with our relentless focus on execution and operational excellence, we remain confident in our ability to deliver on our outlook for 2023.”
Aptiv, which is domiciled in Dublin with its operational headquarters in Troy, Mich., beat analysts estimates for earnings and income in line with percentage.
Stocks in Aptiv fell 8 % to $91.82 in Thursday morning buying and selling in Brandnew York.
Reuters contributed to this document.