Aptiv PLC provided earnings guidance for full year 2024. For the period, the company expects net sales in the range of $21,300 - $21,900 million, up 7% at the midpoint compared to 2023, reflecting 7 points of growth over market. EBITDA and operating income are expected to be approximately $3.28 billion and $2.55 billion at the midpoint, reflecting strong flow-through on volume growth, continued margin expansion and higher growth product lines and operating performance and cost reduction initiatives to offset increasing labor heads, including higher-than-expected labor inflation in Mexico as well as the stronger peso.
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