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Aptiv PLC (New York Stock Exchange:APTV) reported that revenue rose 2% in the fourth quarter after adjusting for currency exchange, commodity movements and acquisitions. The auto supplier saw 10% growth in Asia, including 12% in China and 6% in Europe. Those marks were partially offset by declines of 7% in North America. and 6% in South America, the company's smallest region.
Adjusted operating income margin during the quarter was 12.2% of sales compared to 11.3% a year ago. The improvement reflected higher global vehicle production, pricing and continued reduction in supply chain disruption costs. Depreciation and amortization expenses totaled $246 million, an increase from $188 million in the prior year period. Interest expenses for the quarter totaled $71 million, up from $62 million a year ago. Aptiv (APTV) generated net cash flow from operating activities of $624 million in the quarter, compared to $933 million a year ago.
During the quarter, Aptiv (APTV) repurchased 3.8 million shares for approximately $300 million, leaving approximately $1.6 billion available for future share repurchases. For the full year, Aptiv (APTV) repurchased 4.7 million shares for approximately $398 million. All repurchased shares were withdrawn.
Guide: Sales of $21.3 billion to $21.9 billion vs. $21.7 billion consensus, Adjusted EBITDA of $3.2 billion to $3.35 billion vs. $3.28 billion consensus, Adjusted EBITDA margin of 15.0% to 15.3%, adjusted operating income of $2.475 billion million to $2.625 billion, adjusted operating income margin of 11.6% to 12.0%.
Aptiv (APTV) shares fell 0.39% in pre-market trading at $86.38.
