(Reuters) -Aptiv PLC forecast a bigger-than-expected annual adjusted profit on Thursday, banking on resilient demand for its auto parts despite pressure from U.S. tariffs and higher costs. U.S.-listed
Aptiv Projects Stronger 2025 Profits Amid Auto Tariff Challenges
(Reuters) -Aptiv PLC forecast a bigger-than-expected annual adjusted profit on Thursday, banking on resilient demand for its auto parts despite pressure from U.S. tariffs and higher costs.
U.S.-listed shares of the Dublin-based company rose nearly 3% in premarket trade.
Strong demand from automakers for advanced driver-assistance features and infotainment systems has helped companies like Aptiv.
But U.S. President Donald Trump's tariffs have hit the import-heavy automotive industry. Global demand for electric vehicles has also slowed down, forcing Aptiv to cut costs last year.
Aptiv, which sources components globally for its auto parts business, counts major automakers such as the Detroit Three, Volkswagen AG and BMW among its key clients.
The supplier now expects annual adjusted earnings per share between $7.30 and $7.60, above analysts' estimates of $7.23, according to data compiled by LSEG.
On an adjusted basis, Aptiv earned $2.12 per share in the quarter through June, compared with estimates of $1.84 per share.
Overall quarterly net sales rose 3% to $5.2 billion from a year ago. Analysts on average expected net sales of $5.09 billion.
(Reporting by Nathan Gomes in Bengaluru; Editing by Sahal Muhammed)
