[8-K] Equitable Holdings, Inc. Reports Material Event
Aptiv PLC (APTV) Q2 2025 10-Q highlights
- Sales: Q2 net sales rose 3 % YoY to $5.21 bn; YTD sales up 1 % to $10.03 bn.
- Profitability: Q2 operating income increased to $486 m (9.3 % margin) from $441 m. However, net income attributable to Aptiv fell to $393 m ($1.80 dil. EPS) versus $938 m last year, largely because the prior-year period included a $641 m equity-method gain (current period $46 m).
- Six-month results: Net income dropped to $382 m (EPS $1.70) from $1.16 bn; tax expense climbed to $401 m (vs. $127 m).
- Cash & liquidity: Cash & equivalents $1.45 bn (-$125 m YTD). Operating cash flow $783 m (-12 % YoY); capex cut to $346 m.
- Capital structure: Short-term debt reduced to $32 m (from $509 m); long-term debt slightly lower at $7.76 bn. 6-month share repurchases totaled $750 m, shrinking ordinary shares outstanding to 217.8 m (-7 % since Dec-24).
- Equity & AOCI: Accumulated other comprehensive loss improved by $460 m, driven by favorable FX and hedge movements.
- Strategic actions: Announced intention (Jan 22 2025) to spin off Electrical Distribution Systems into a separate public company by 31 Mar 2026; business realigned into three reportable segments.
Balance sheet totals as of 30 Jun 2025: Assets $23.94 bn; Liabilities $13.97 bn; Total equity $9.87 bn.
Principali dati del 10-Q di Aptiv PLC (APTV) per il Q2 2025
- Vendite: Le vendite nette del Q2 sono aumentate del 3 % su base annua, raggiungendo 5,21 miliardi di $; le vendite da inizio anno sono cresciute dell'1 % a 10,03 miliardi di $.
- 搁别诲诲颈迟颈惫颈迟脿: L'utile operativo del Q2 猫 salito a 486 milioni di $ (margine 9,3 %) da 441 milioni. Tuttavia, l'utile netto attribuibile ad Aptiv 猫 sceso a 393 milioni di $ (EPS diluito di 1,80 $) rispetto a 938 milioni dell'anno precedente, principalmente perch茅 il periodo precedente includeva una plusvalenza da metodo del patrimonio netto di 641 milioni di $ (46 milioni nel periodo attuale).
- Risultati semestrali: L'utile netto 猫 calato a 382 milioni di $ (EPS 1,70 $) da 1,16 miliardi; la spesa fiscale 猫 aumentata a 401 milioni di $ (da 127 milioni).
- Liquidit脿 e cassa: La liquidit脿 e equivalenti ammontano a 1,45 miliardi di $ (-125 milioni da inizio anno). Il flusso di cassa operativo 猫 stato di 783 milioni di $ (-12 % su base annua); gli investimenti in capitale sono stati ridotti a 346 milioni.
- Struttura del capitale: Il debito a breve termine 猫 calato a 32 milioni di $ (da 509 milioni); il debito a lungo termine 猫 leggermente diminuito a 7,76 miliardi di $. Le riacquisti di azioni nei sei mesi hanno totalizzato 750 milioni di $, riducendo le azioni ordinarie in circolazione a 217,8 milioni (-7 % rispetto a dicembre 2024).
- Patrimonio netto e AOCI: La perdita complessiva accumulata 猫 migliorata di 460 milioni di $, grazie a movimenti favorevoli su cambi e coperture.
- Azioni strategiche: Annunciata il 22 gennaio 2025 l'intenzione di scorporare Electrical Distribution Systems in una societ脿 pubblica separata entro il 31 marzo 2026; il business 猫 stato riallineato in tre segmenti reportabili.
Totali di bilancio al 30 giugno 2025: Attivit脿 23,94 miliardi di $; Passivit脿 13,97 miliardi di $; Patrimonio netto totale 9,87 miliardi di $.
Aspectos destacados del 10-Q del segundo trimestre de Aptiv PLC (APTV) 2025
- Ventas: Las ventas netas del segundo trimestre aumentaron un 3 % interanual, alcanzando 5,21 mil millones de $; las ventas acumuladas del a帽o crecieron un 1 % hasta 10,03 mil millones de $.
- Rentabilidad: El ingreso operativo del segundo trimestre subi贸 a 486 millones de $ (margen del 9,3 %) desde 441 millones. Sin embargo, el ingreso neto atribuible a Aptiv cay贸 a 393 millones de $ (EPS diluido de 1,80 $) frente a 938 millones del a帽o anterior, principalmente porque el periodo previo inclu铆a una ganancia por m茅todo de participaci贸n de 641 millones de $ (46 millones en el periodo actual).
- Resultados semestrales: El ingreso neto disminuy贸 a 382 millones de $ (EPS 1,70 $) desde 1,16 mil millones; el gasto fiscal aument贸 a 401 millones de $ (desde 127 millones).
- Efectivo y liquidez: Efectivo y equivalentes de 1,45 mil millones de $ (-125 millones en el a帽o). Flujo de caja operativo de 783 millones de $ (-12 % interanual); inversi贸n en capital reducida a 346 millones.
- Estructura de capital: Deuda a corto plazo reducida a 32 millones de $ (desde 509 millones); deuda a largo plazo ligeramente menor en 7,76 mil millones de $. Las recompras de acciones en seis meses totalizaron 750 millones de $, reduciendo las acciones ordinarias en circulaci贸n a 217,8 millones (-7 % desde diciembre de 2024).
- Patrimonio y AOCI: La p茅rdida acumulada por otros resultados integrales mejor贸 en 460 millones de $, impulsada por movimientos favorables en divisas y coberturas.
- Acciones estrat茅gicas: Anunciada la intenci贸n (22 de enero de 2025) de escindir Electrical Distribution Systems en una empresa p煤blica separada antes del 31 de marzo de 2026; el negocio fue realineado en tres segmentos reportables.
Totales del balance al 30 de junio de 2025: Activos 23,94 mil millones de $; Pasivos 13,97 mil millones de $; Patrimonio total 9,87 mil millones de $.
Aptiv PLC (APTV) 2025雲� 2攵勱赴 10-Q 欤检殧 雮挫毄
- 毵れ稖: 2攵勱赴 靾滊Г於滌澊 鞝勲厔 霃欔赴 雽�牍� 3 % 歃濌皜頃橃棳 52.1鞏� 雼煬毳� 旮半; 鞐办磮 雽�牍� 毵れ稖鞚� 1 % 歃濌皜頃� 100.3鞏� 雼煬.
- 靾橃澋靹�: 2攵勱赴 鞓侅梾鞚挫澋鞚� 4鞏� 8,600毵� 雼煬 (毵堨 9.3 %)搿� 4鞏� 4,100毵� 雼煬鞐愳劀 歃濌皜. 頃橃毵� Aptiv 攴�靻� 靾涤澊鞚奠潃 3鞏� 9,300毵� 雼煬 (頋劃 欤茧嫻靾滌澊鞚� 1.80雼煬)搿� 鞝勲厔 霃欔赴 9鞏� 3,800毵� 雼煬鞐愳劀 臧愳唽頄堧姅雿�, 鞚措姅 鞝勲厔 霃欔赴鞐愲姅 6鞏� 4,100毵� 雼煬鞚� 歆�攵勲矔 鞚挫澋鞚� 韽暔霅� 雿� 氚橅暣 鞚措矆 攵勱赴鞐愲姅 4,600毵� 雼煬鞐� 攴胳长旮� 霑岆.
- 氚橁赴 鞁れ爜: 靾涤澊鞚奠潃 3鞏� 8,200毵� 雼煬 (欤茧嫻靾滌澊鞚� 1.70雼煬)搿� 11鞏� 6,000毵� 雼煬鞐愳劀 臧愳唽; 靹戈笀 牍勳毄鞚� 4鞏� 100毵� 雼煬搿� 歃濌皜 (鞝勲厔 1鞏� 2,700毵� 雼煬).
- 順勱笀 氚� 鞙犽彊靹�: 順勱笀 氚� 順勱笀靹膘瀽靷办潃 14.5鞏� 雼煬 (-1鞏� 2,500毵� 雼煬 鞐办磮 雽�牍�). 鞓侅梾 順勱笀 頋愲鞚� 7鞏� 8,300毵� 雼煬 (鞝勲厔 霃欔赴 雽�牍� -12 %); 鞛愲掣鞝� 歆�於滌潃 3鞏� 4,600毵� 雼煬搿� 於曥唽.
- 鞛愲掣 甑“: 雼赴 攵�毂勲姅 3,200毵� 雼煬搿� 臧愳唽 (鞚挫爠 5鞏� 900毵� 雼煬); 鞛リ赴 攵�毂勲姅 靻岉彮 臧愳唽頃� 77.6鞏� 雼煬. 6臧滌洈臧� 鞛愳偓欤� 毵れ瀰鞚� 7鞏� 5,000毵� 雼煬搿� 氤错喌欤� 氚滍枆 欤检嫕 靾橂姅 2鞏� 1,780毵� 欤茧 欷勳柎霌れ柎 (2024雲� 12鞗� 雽�牍� -7 %).
- 鞛愲掣 氚� 旮绊儉 韽磩靻愳澋 雸勱硠鞎�: 雸勳爜 旮绊儉韽磩靻愳嫟鞚� 4鞏� 6,000毵� 雼煬 臧滌劆霅橃棃鞙茧┌, 鞚措姅 鞙犽Μ頃� 鞕疙櫂 氚� 項れ 氤�霃欖棎 旮办澑.
- 鞝勲灥鞝� 臁办箻: 2025雲� 1鞗� 22鞚检棎 Electrical Distribution Systems 攵勳偓毳� 2026雲� 3鞗� 31鞚缄箤歆� 氤勲弰 靸侅灔須岇偓搿� 靹る頃� 瓿勴殟鞚� 氚滍憸; 靷梾攵�氍胳潃 靹� 臧滌潣 氤搓碃 臧�電ロ暅 靹戈犯毹柬姼搿� 鞛“鞝曤惃.
2025雲� 6鞗� 30鞚� 旮办 雽�彀寑臁绊憸 齑濌硠: 鞛愳偘 239.4鞏� 雼煬; 攵�毂� 139.7鞏� 雼煬; 齑� 鞛愲掣 98.7鞏� 雼煬.
Faits marquants du 10-Q du 2e trimestre 2025 d'Aptiv PLC (APTV)
- Ventes : Les ventes nettes du 2e trimestre ont augment茅 de 3 % en glissement annuel pour atteindre 5,21 milliards de $ ; les ventes cumul茅es depuis le d茅but de l'ann茅e ont progress茅 de 1 % 脿 10,03 milliards de $.
- Rentabilit茅 : Le r茅sultat op茅rationnel du 2e trimestre a augment茅 pour atteindre 486 millions de $ (marge de 9,3 %) contre 441 millions. Toutefois, le r茅sultat net attribuable 脿 Aptiv a chut茅 脿 393 millions de $ (BPA dilu茅 de 1,80 $) contre 938 millions l'an dernier, principalement parce que la p茅riode pr茅c茅dente comprenait un gain en m茅thode de mise en 茅quivalence de 641 millions de $ (46 millions cette p茅riode).
- R茅sultats semestriels : Le r茅sultat net a diminu茅 脿 382 millions de $ (BPA 1,70 $) contre 1,16 milliard ; la charge fiscale a augment茅 脿 401 millions de $ (contre 127 millions).
- Tr茅sorerie et liquidit茅s : Tr茅sorerie et 茅quivalents de 1,45 milliard de $ (-125 millions depuis le d茅but de l'ann茅e). Flux de tr茅sorerie op茅rationnel de 783 millions de $ (-12 % en glissement annuel) ; investissements r茅duits 脿 346 millions.
- Structure du capital : Dette 脿 court terme r茅duite 脿 32 millions de $ (contre 509 millions) ; dette 脿 long terme l茅g猫rement inf茅rieure 脿 7,76 milliards de $. Les rachats d'actions sur six mois ont totalis茅 750 millions de $, r茅duisant le nombre d'actions ordinaires en circulation 脿 217,8 millions (-7 % depuis d茅cembre 2024).
- Capitaux propres et AOCI : La perte globale cumul茅e s'est am茅lior茅e de 460 millions de $, gr芒ce 脿 des mouvements favorables des changes et des couvertures.
- Actions strat茅giques : Annonce le 22 janvier 2025 de l'intention de scinder Electrical Distribution Systems en une soci茅t茅 publique distincte d'ici le 31 mars 2026 ; l'activit茅 a 茅t茅 r茅organis茅e en trois segments d茅clarables.
Total bilan au 30 juin 2025 : Actifs 23,94 milliards de $ ; Passifs 13,97 milliards de $ ; Capitaux propres totaux 9,87 milliards de $.
Wichtige Punkte aus dem 10-Q von Aptiv PLC (APTV) f眉r das 2. Quartal 2025
- Umsatz: Der Nettoumsatz im 2. Quartal stieg im Jahresvergleich um 3 % auf 5,21 Mrd. $; der kumulierte Umsatz im Jahr erh枚hte sich um 1 % auf 10,03 Mrd. $.
- 笔谤辞蹿颈迟补产颈濒颈迟盲迟: Das operative Ergebnis im 2. Quartal stieg auf 486 Mio. $ (Marge 9,3 %) von 441 Mio. $. Der auf Aptiv entfallende Nettogewinn sank jedoch auf 393 Mio. $ (verw盲ssertes EPS von 1,80 $) gegen眉ber 938 Mio. $ im Vorjahr, haupts盲chlich weil im Vorjahreszeitraum ein Beteiligungsgewinn von 641 Mio. $ enthalten war (aktuell 46 Mio. $).
- Sechsmonats-Ergebnisse: Der Nettogewinn sank auf 382 Mio. $ (EPS 1,70 $) von 1,16 Mrd. $; die Steueraufwendungen stiegen auf 401 Mio. $ (vorher 127 Mio. $).
- Barmittel & Liquidit盲t: Zahlungsmittel und 脛quivalente betragen 1,45 Mrd. $ (-125 Mio. $ seit Jahresbeginn). Der operative Cashflow lag bei 783 Mio. $ (-12 % im Jahresvergleich); Investitionen wurden auf 346 Mio. $ reduziert.
- Kapitalstruktur: Kurzfristige Verbindlichkeiten wurden auf 32 Mio. $ reduziert (von 509 Mio. $); langfristige Verbindlichkeiten leicht gesunken auf 7,76 Mrd. $. Aktienr眉ckk盲ufe 眉ber sechs Monate beliefen sich auf 750 Mio. $, wodurch die ausstehenden Stammaktien auf 217,8 Mio. (-7 % seit Dez. 2024) schrumpften.
- Eigenkapital & AOCI: Der kumulierte sonstige Gesamtergebnisverlust verbesserte sich um 460 Mio. $, bedingt durch positive Wechselkurs- und Absicherungsbewegungen.
- Strategische Ma脽nahmen: Am 22. Januar 2025 wurde die Absicht angek眉ndigt, Electrical Distribution Systems auszugliedern und bis zum 31. M盲rz 2026 als eigenst盲ndiges b枚rsennotiertes Unternehmen zu f眉hren; das Gesch盲ft wurde in drei berichtspflichtige Segmente neu ausgerichtet.
Bilanzsummen zum 30. Juni 2025: Verm枚genswerte 23,94 Mrd. $; Verbindlichkeiten 13,97 Mrd. $; Gesamteigenkapital 9,87 Mrd. $.
- Revenue grew 3 % YoY and operating income rose, indicating core business momentum.
- Gross leverage stable with short-term debt cut from $509 m to $32 m.
- AOCI improved by $460 m, strengthening equity.
- $750 m share repurchase reduced share count by 17.3 m shares, enhancing per-share metrics.
- Capex reduced by $145 m, supporting free cash flow.
- Net income down 58 % YoY; six-month net income down 67 %.
- Tax expense quadrupled YTD to $401 m, weighing on earnings.
- Operating cash flow fell 12 % YoY and cash balance declined $125 m.
- Spin-off of Electrical Distribution Systems adds execution and separation risk through FY 2026.
Insights
TL;DR Net sales up, EPS down; spin-off announced; leverage steady鈥攐verall mixed.
Revenue growth and margin expansion signal resilient core operations despite a soft auto backdrop. Yet EPS collapsed 48 % YoY as last year鈥檚 one-off $641 m equity gain did not recur and tax expense surged. Cash generation remains solid; lower capex lifts FCF, while $750 m in buybacks shows confidence and supports EPS but reduced cash. Debt metrics stable (gross leverage 鈮�3.2脳 EBITDA). Planned spin-off of Electrical Distribution Systems could unlock value but introduces execution risk through 2026. Overall, filing is neutral: fundamentals intact, but headline earnings decline may pressure sentiment.
Principali dati del 10-Q di Aptiv PLC (APTV) per il Q2 2025
- Vendite: Le vendite nette del Q2 sono aumentate del 3 % su base annua, raggiungendo 5,21 miliardi di $; le vendite da inizio anno sono cresciute dell'1 % a 10,03 miliardi di $.
- 搁别诲诲颈迟颈惫颈迟脿: L'utile operativo del Q2 猫 salito a 486 milioni di $ (margine 9,3 %) da 441 milioni. Tuttavia, l'utile netto attribuibile ad Aptiv 猫 sceso a 393 milioni di $ (EPS diluito di 1,80 $) rispetto a 938 milioni dell'anno precedente, principalmente perch茅 il periodo precedente includeva una plusvalenza da metodo del patrimonio netto di 641 milioni di $ (46 milioni nel periodo attuale).
- Risultati semestrali: L'utile netto 猫 calato a 382 milioni di $ (EPS 1,70 $) da 1,16 miliardi; la spesa fiscale 猫 aumentata a 401 milioni di $ (da 127 milioni).
- Liquidit脿 e cassa: La liquidit脿 e equivalenti ammontano a 1,45 miliardi di $ (-125 milioni da inizio anno). Il flusso di cassa operativo 猫 stato di 783 milioni di $ (-12 % su base annua); gli investimenti in capitale sono stati ridotti a 346 milioni.
- Struttura del capitale: Il debito a breve termine 猫 calato a 32 milioni di $ (da 509 milioni); il debito a lungo termine 猫 leggermente diminuito a 7,76 miliardi di $. Le riacquisti di azioni nei sei mesi hanno totalizzato 750 milioni di $, riducendo le azioni ordinarie in circolazione a 217,8 milioni (-7 % rispetto a dicembre 2024).
- Patrimonio netto e AOCI: La perdita complessiva accumulata 猫 migliorata di 460 milioni di $, grazie a movimenti favorevoli su cambi e coperture.
- Azioni strategiche: Annunciata il 22 gennaio 2025 l'intenzione di scorporare Electrical Distribution Systems in una societ脿 pubblica separata entro il 31 marzo 2026; il business 猫 stato riallineato in tre segmenti reportabili.
Totali di bilancio al 30 giugno 2025: Attivit脿 23,94 miliardi di $; Passivit脿 13,97 miliardi di $; Patrimonio netto totale 9,87 miliardi di $.
Aspectos destacados del 10-Q del segundo trimestre de Aptiv PLC (APTV) 2025
- Ventas: Las ventas netas del segundo trimestre aumentaron un 3 % interanual, alcanzando 5,21 mil millones de $; las ventas acumuladas del a帽o crecieron un 1 % hasta 10,03 mil millones de $.
- Rentabilidad: El ingreso operativo del segundo trimestre subi贸 a 486 millones de $ (margen del 9,3 %) desde 441 millones. Sin embargo, el ingreso neto atribuible a Aptiv cay贸 a 393 millones de $ (EPS diluido de 1,80 $) frente a 938 millones del a帽o anterior, principalmente porque el periodo previo inclu铆a una ganancia por m茅todo de participaci贸n de 641 millones de $ (46 millones en el periodo actual).
- Resultados semestrales: El ingreso neto disminuy贸 a 382 millones de $ (EPS 1,70 $) desde 1,16 mil millones; el gasto fiscal aument贸 a 401 millones de $ (desde 127 millones).
- Efectivo y liquidez: Efectivo y equivalentes de 1,45 mil millones de $ (-125 millones en el a帽o). Flujo de caja operativo de 783 millones de $ (-12 % interanual); inversi贸n en capital reducida a 346 millones.
- Estructura de capital: Deuda a corto plazo reducida a 32 millones de $ (desde 509 millones); deuda a largo plazo ligeramente menor en 7,76 mil millones de $. Las recompras de acciones en seis meses totalizaron 750 millones de $, reduciendo las acciones ordinarias en circulaci贸n a 217,8 millones (-7 % desde diciembre de 2024).
- Patrimonio y AOCI: La p茅rdida acumulada por otros resultados integrales mejor贸 en 460 millones de $, impulsada por movimientos favorables en divisas y coberturas.
- Acciones estrat茅gicas: Anunciada la intenci贸n (22 de enero de 2025) de escindir Electrical Distribution Systems en una empresa p煤blica separada antes del 31 de marzo de 2026; el negocio fue realineado en tres segmentos reportables.
Totales del balance al 30 de junio de 2025: Activos 23,94 mil millones de $; Pasivos 13,97 mil millones de $; Patrimonio total 9,87 mil millones de $.
Aptiv PLC (APTV) 2025雲� 2攵勱赴 10-Q 欤检殧 雮挫毄
- 毵れ稖: 2攵勱赴 靾滊Г於滌澊 鞝勲厔 霃欔赴 雽�牍� 3 % 歃濌皜頃橃棳 52.1鞏� 雼煬毳� 旮半; 鞐办磮 雽�牍� 毵れ稖鞚� 1 % 歃濌皜頃� 100.3鞏� 雼煬.
- 靾橃澋靹�: 2攵勱赴 鞓侅梾鞚挫澋鞚� 4鞏� 8,600毵� 雼煬 (毵堨 9.3 %)搿� 4鞏� 4,100毵� 雼煬鞐愳劀 歃濌皜. 頃橃毵� Aptiv 攴�靻� 靾涤澊鞚奠潃 3鞏� 9,300毵� 雼煬 (頋劃 欤茧嫻靾滌澊鞚� 1.80雼煬)搿� 鞝勲厔 霃欔赴 9鞏� 3,800毵� 雼煬鞐愳劀 臧愳唽頄堧姅雿�, 鞚措姅 鞝勲厔 霃欔赴鞐愲姅 6鞏� 4,100毵� 雼煬鞚� 歆�攵勲矔 鞚挫澋鞚� 韽暔霅� 雿� 氚橅暣 鞚措矆 攵勱赴鞐愲姅 4,600毵� 雼煬鞐� 攴胳长旮� 霑岆.
- 氚橁赴 鞁れ爜: 靾涤澊鞚奠潃 3鞏� 8,200毵� 雼煬 (欤茧嫻靾滌澊鞚� 1.70雼煬)搿� 11鞏� 6,000毵� 雼煬鞐愳劀 臧愳唽; 靹戈笀 牍勳毄鞚� 4鞏� 100毵� 雼煬搿� 歃濌皜 (鞝勲厔 1鞏� 2,700毵� 雼煬).
- 順勱笀 氚� 鞙犽彊靹�: 順勱笀 氚� 順勱笀靹膘瀽靷办潃 14.5鞏� 雼煬 (-1鞏� 2,500毵� 雼煬 鞐办磮 雽�牍�). 鞓侅梾 順勱笀 頋愲鞚� 7鞏� 8,300毵� 雼煬 (鞝勲厔 霃欔赴 雽�牍� -12 %); 鞛愲掣鞝� 歆�於滌潃 3鞏� 4,600毵� 雼煬搿� 於曥唽.
- 鞛愲掣 甑“: 雼赴 攵�毂勲姅 3,200毵� 雼煬搿� 臧愳唽 (鞚挫爠 5鞏� 900毵� 雼煬); 鞛リ赴 攵�毂勲姅 靻岉彮 臧愳唽頃� 77.6鞏� 雼煬. 6臧滌洈臧� 鞛愳偓欤� 毵れ瀰鞚� 7鞏� 5,000毵� 雼煬搿� 氤错喌欤� 氚滍枆 欤检嫕 靾橂姅 2鞏� 1,780毵� 欤茧 欷勳柎霌れ柎 (2024雲� 12鞗� 雽�牍� -7 %).
- 鞛愲掣 氚� 旮绊儉 韽磩靻愳澋 雸勱硠鞎�: 雸勳爜 旮绊儉韽磩靻愳嫟鞚� 4鞏� 6,000毵� 雼煬 臧滌劆霅橃棃鞙茧┌, 鞚措姅 鞙犽Μ頃� 鞕疙櫂 氚� 項れ 氤�霃欖棎 旮办澑.
- 鞝勲灥鞝� 臁办箻: 2025雲� 1鞗� 22鞚检棎 Electrical Distribution Systems 攵勳偓毳� 2026雲� 3鞗� 31鞚缄箤歆� 氤勲弰 靸侅灔須岇偓搿� 靹る頃� 瓿勴殟鞚� 氚滍憸; 靷梾攵�氍胳潃 靹� 臧滌潣 氤搓碃 臧�電ロ暅 靹戈犯毹柬姼搿� 鞛“鞝曤惃.
2025雲� 6鞗� 30鞚� 旮办 雽�彀寑臁绊憸 齑濌硠: 鞛愳偘 239.4鞏� 雼煬; 攵�毂� 139.7鞏� 雼煬; 齑� 鞛愲掣 98.7鞏� 雼煬.
Faits marquants du 10-Q du 2e trimestre 2025 d'Aptiv PLC (APTV)
- Ventes : Les ventes nettes du 2e trimestre ont augment茅 de 3 % en glissement annuel pour atteindre 5,21 milliards de $ ; les ventes cumul茅es depuis le d茅but de l'ann茅e ont progress茅 de 1 % 脿 10,03 milliards de $.
- Rentabilit茅 : Le r茅sultat op茅rationnel du 2e trimestre a augment茅 pour atteindre 486 millions de $ (marge de 9,3 %) contre 441 millions. Toutefois, le r茅sultat net attribuable 脿 Aptiv a chut茅 脿 393 millions de $ (BPA dilu茅 de 1,80 $) contre 938 millions l'an dernier, principalement parce que la p茅riode pr茅c茅dente comprenait un gain en m茅thode de mise en 茅quivalence de 641 millions de $ (46 millions cette p茅riode).
- R茅sultats semestriels : Le r茅sultat net a diminu茅 脿 382 millions de $ (BPA 1,70 $) contre 1,16 milliard ; la charge fiscale a augment茅 脿 401 millions de $ (contre 127 millions).
- Tr茅sorerie et liquidit茅s : Tr茅sorerie et 茅quivalents de 1,45 milliard de $ (-125 millions depuis le d茅but de l'ann茅e). Flux de tr茅sorerie op茅rationnel de 783 millions de $ (-12 % en glissement annuel) ; investissements r茅duits 脿 346 millions.
- Structure du capital : Dette 脿 court terme r茅duite 脿 32 millions de $ (contre 509 millions) ; dette 脿 long terme l茅g猫rement inf茅rieure 脿 7,76 milliards de $. Les rachats d'actions sur six mois ont totalis茅 750 millions de $, r茅duisant le nombre d'actions ordinaires en circulation 脿 217,8 millions (-7 % depuis d茅cembre 2024).
- Capitaux propres et AOCI : La perte globale cumul茅e s'est am茅lior茅e de 460 millions de $, gr芒ce 脿 des mouvements favorables des changes et des couvertures.
- Actions strat茅giques : Annonce le 22 janvier 2025 de l'intention de scinder Electrical Distribution Systems en une soci茅t茅 publique distincte d'ici le 31 mars 2026 ; l'activit茅 a 茅t茅 r茅organis茅e en trois segments d茅clarables.
Total bilan au 30 juin 2025 : Actifs 23,94 milliards de $ ; Passifs 13,97 milliards de $ ; Capitaux propres totaux 9,87 milliards de $.
Wichtige Punkte aus dem 10-Q von Aptiv PLC (APTV) f眉r das 2. Quartal 2025
- Umsatz: Der Nettoumsatz im 2. Quartal stieg im Jahresvergleich um 3 % auf 5,21 Mrd. $; der kumulierte Umsatz im Jahr erh枚hte sich um 1 % auf 10,03 Mrd. $.
- 笔谤辞蹿颈迟补产颈濒颈迟盲迟: Das operative Ergebnis im 2. Quartal stieg auf 486 Mio. $ (Marge 9,3 %) von 441 Mio. $. Der auf Aptiv entfallende Nettogewinn sank jedoch auf 393 Mio. $ (verw盲ssertes EPS von 1,80 $) gegen眉ber 938 Mio. $ im Vorjahr, haupts盲chlich weil im Vorjahreszeitraum ein Beteiligungsgewinn von 641 Mio. $ enthalten war (aktuell 46 Mio. $).
- Sechsmonats-Ergebnisse: Der Nettogewinn sank auf 382 Mio. $ (EPS 1,70 $) von 1,16 Mrd. $; die Steueraufwendungen stiegen auf 401 Mio. $ (vorher 127 Mio. $).
- Barmittel & Liquidit盲t: Zahlungsmittel und 脛quivalente betragen 1,45 Mrd. $ (-125 Mio. $ seit Jahresbeginn). Der operative Cashflow lag bei 783 Mio. $ (-12 % im Jahresvergleich); Investitionen wurden auf 346 Mio. $ reduziert.
- Kapitalstruktur: Kurzfristige Verbindlichkeiten wurden auf 32 Mio. $ reduziert (von 509 Mio. $); langfristige Verbindlichkeiten leicht gesunken auf 7,76 Mrd. $. Aktienr眉ckk盲ufe 眉ber sechs Monate beliefen sich auf 750 Mio. $, wodurch die ausstehenden Stammaktien auf 217,8 Mio. (-7 % seit Dez. 2024) schrumpften.
- Eigenkapital & AOCI: Der kumulierte sonstige Gesamtergebnisverlust verbesserte sich um 460 Mio. $, bedingt durch positive Wechselkurs- und Absicherungsbewegungen.
- Strategische Ma脽nahmen: Am 22. Januar 2025 wurde die Absicht angek眉ndigt, Electrical Distribution Systems auszugliedern und bis zum 31. M盲rz 2026 als eigenst盲ndiges b枚rsennotiertes Unternehmen zu f眉hren; das Gesch盲ft wurde in drei berichtspflichtige Segmente neu ausgerichtet.
Bilanzsummen zum 30. Juni 2025: Verm枚genswerte 23,94 Mrd. $; Verbindlichkeiten 13,97 Mrd. $; Gesamteigenkapital 9,87 Mrd. $.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
(Address of principal executive offices) (Zip Code)
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class |
Trading |
Name of Exchange on which registered | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act (17 CFR 230.405) or Rule 12b-2 under the Exchange Act (17 CFR 240.12b-2).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 1.01 | Entry Into a Material Definitive Agreement |
On July 31, 2025, subsidiaries of Equitable Holdings, Inc., a Delaware corporation (the “Company”), Equitable Financial Life Insurance Company, a New York-domiciled insurance company (“EFLIC”), Equitable Financial Life Insurance Company of America, an Arizona-domiciled insurance company (“EFLOA”), and Equitable Financial Life and Annuity Company, a Colorado-domiciled insurance company (“EFLA” and, together with EFLIC and EFLOA, the “Ceding Companies” and each, a “Ceding Company”), completed the transactions (the “Transaction”) contemplated by the previously announced Master Transaction Agreement, dated February 23, 2025 (the “Agreement”), by and among EFLIC, EFLOA, EFLA and RGA Reinsurance Company, a Missouri-domiciled insurance company (the “Reinsurer”).
At the closing of the Transaction, (i) each of EFLIC and EFLOA entered into a separate coinsurance and modified coinsurance agreement with Reinsurer and (ii) EFLA entered into a coinsurance agreement with Reinsurer (each, a “Reinsurance Agreement” and, together, the “Reinsurance Agreements”), each with an effective date of April 1, 2025, pursuant to which each Ceding Company ceded to the Reinsurer a 75% quota share of such Ceding Company’s in-force individual life insurance block (the “Reinsured Contracts”). At the closing of the Transaction, assets supporting the general account liabilities relating to the Reinsured Contracts were deposited into a trust account for the benefit of EFLIC and a trust account for the benefit of EFLA and EFLOA, which assets will secure the Reinsurer’s obligations to each Ceding Company under the applicable Reinsurance Agreement. EFLIC and EFLOA reinsured the applicable separate accounts relating to the applicable Reinsured Contracts on a modified coinsurance basis. In addition, the investment of assets in each trust account will be subject to investment guidelines and certain capital adequacy related triggers will require enhanced funding. The Reinsurance Agreements also contain additional counterparty risk management and mitigation provisions. Each Ceding Company will continue to administer the applicable Reinsured Contracts.
As part of the Transaction, on June 16, 2025, AllianceBernstein L.P., an affiliate of the Company (“AB”), entered into an investment advisory agreement with Reinsurer, pursuant to which AB will manage certain assets to be specified representing approximately 70% of assets supporting the reserves associated with the ceded policies under the Reinsurance Agreements.
The foregoing description of the Reinsurance Agreements does not purport to be complete, and is qualified in its entirety by reference to the full text of the EFLIC Reinsurance Agreement and the EFLOA Reinsurance Agreement, copies of which will be filed along with the Company’s 10-Q for the fiscal quarter ending September 30, 2025.
| Item 7.01 | Regulation FD Disclosure |
On July 31, 2025, the Company issued a press release announcing the completion of the Transaction. A copy of such press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
As provided in General Instruction B.2 of Form 8-K, the information and exhibits provided pursuant to this Item 7.01 shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall they be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
| 99.1 | Press Release of Equitable Holdings, Inc., dated July 31, 2025 (furnished and not filed). | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| EQUITABLE HOLDINGS, INC. | ||||||
| Date: July 31, 2025 | By: | /s/ Ralph Petruzzo | ||||
| Name: | Ralph Petruzzo | |||||
| Title: | Deputy General Counsel | |||||
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Source:
FAQ
How did APTV's Q2 2025 revenue compare to last year?
Why did Aptiv's net income drop in Q2 2025?
What is Aptiv's plan for its Electrical Distribution Systems business?
How much stock did APTV repurchase in the first half of 2025?
What is Aptiv's cash position as of 30 June 2025?
Did Aptiv reduce its debt levels?
