our good morning, in of everyone. XX. quarter market in growth UAW the billion, over strike Kevin, of in including prior growth Revenues Slide a year, the quarter. quarter representing with of with the were recap negative impact in the Adjusted expectations, Thanks, and was on the X% October. $X.X X% the Starting line over
over growth American will OEM the noted, as the and mix in the China North well and production slower high-voltage impact I Kevin from UAW and in strike more primarily resulted mix As as market customer growth. discuss detail, of
of operating prior the reflecting volumes, points XX the income million, $XXX increases second operating incremental line the in on our actions was versus Operating cost-saving in impact of taken including XX% expanded strike, flow-through quarter. the Adjusted offset headwind and expectations. customer higher and foreign recoveries $XXX by Operating in million half benefit direct of margins cash flow approximately and of respectively, quarter. million the totaled increase of basis strong with income the material and year XXXX, benefit basis for offsetting EBITDA quarter. strong and of of driven $XXX exchange interest in were income, partially And point totaled operating tax approximately expenditures $XX expense. EPS million by was the a $XXX an which million capital XX the $X.XX, performance,
quarter, repurchased fourth million million. stock, $XXX full year the we repurchases to $XXX approximately During bringing of
Looking in detail more at XX. revenue Slide on
was noted, price million favorable $XXX million totaled $XXX driven in downs down $XX $XX As reflecting by and a part $X.X in from X% billion, impact, million, were October. revenues the million. below revenue North UAW fourth the a American XX% net From quarter growth of and which foreign exchange market tailwinds in or approximately of contribution regional strike perspective, commodities, sales
do primarily Japanese have quarter, year-over-year mix relative growth reduction foreign fourth in we In OEMs impacting content, strong significant as market. quarter, very American the experienced addition, further production whom the caution in not the North we manufacturers, with during the the
as line OEMs. XX%, adjusted driven was local the China by safety by impacted of by region. X%, growth of was In customers primarily And in market low X points XX%, slower well high-voltage with by in offset growth vehicle the in X% multinational were joint production Europe, growth lower over production vehicle active growth slower driven up in production growth of as high-voltage SPS revenues China, partially quarter. with growth venture
the As in shortly, to XXXX expect we more XXXX increase second market in half levels. growth I will detail discuss from do over
part with venture strike, slide. flat the noted was China in China. Revenue ASUX the in mix safety UAW America. down large North active in safety joint primarily XX% growth product the next by User growth $X.XX volumes was multinational quarter, experience segment was in experience customer previously quarter. impacting Active our the the shift on impacted to in driven OEMs user which the line the despite Moving
user the X%. For growth impact in prior safety $XX of revenue adjusted over of and year XX% full strong the the active was in million $XXX operating XX% adjusted strike of was quarter. Segment growth despite the year, XX%, quarter negative with growth million experience up
higher income income offset as the to and points basis were cost almost savings year margins XXX inclusive initiatives expanded labor performance XX.X%, operating of XX $XX with Full original margins expectations margins points as Operating of strike full in and costs. by our basis line year improved impact million.
timing discussed, given the quarter. and fourth As cyclical ASUX continue the business certain engineering we nature XXXX. of of quarterly to have the customer expect credits, and reimbursements previously We weighted of is this and profitability the trend the to would the in business
Signal $X.X an Slide fourth XX. of in X% X% Revenue quarter production. or below the to Power billion, and on increase was Turning vehicle
primarily quarter. X strike growth market mix, overall which of America over SPS growth, the OEM European X impacted the approximately representing and was lower anticipated, in UAW in impacted points growth the As by North points. was Flurohigh-voltage by region ] [
XX% growth was strike. China from growth the million point XX% for million High-voltage prior income in the the impact. XX despite segment was adjusted approximately a $XX XX%. revenue year, or year, impact full operating adjusted $XXX Segment in up was growth quarter, and X% For despite year the basis strike was the of
foreign a margins related headwind the strike. inflation to Full Operating exchange up costs, equal performance labor recoveries offset year-over-year headwinds offsetting impact points basis and is on including benefit the the quarter, of foreign basis. other the was material higher in exchange and significant continue XX running of present the to lower despite and impact strong, supply of and points Customer costs. year basis were XX a the chain operating commodities to
expectations. to XX and Slide now XXXX macro Turning
production expect to million global approximately Regionally, units. vehicle approximately approximately the or XX units forecasting year, up flat America be down reflecting we units. to be are XX Europe flat China at million and North XX.X for XX approximately million units. at X% We X% million
believe geopolitical not customer significantly. we we have see that today based have we impact factors, what While macroeconomic and of about levels. on remain overall the do chain constraints significant a supply impact production And on cautious should improved
$X, $XX. euro copper assume Our macro [indiscernible] XX, also and $X. the RMB at $X.XX assumptions at the at
Moving XXXX year XX full outlook. and our to Slide
and range at expansion to $XX.X X X% and billion, are We $X.XX to operating expect and of growth reduction the operating be the points inflation up to and XX% is strong of over increasing is the $X.XX. offset and performance cost at of to share midpoint, reflecting by growth primarily revenue increase between be of per in approximately growth XXXX, on earnings well initiatives rate expected in partially product expected as the lower the as Mexico Adjusted midpoint growth, margin labor EBITDA market. million heads, lines strong reflecting to continued estimated an EPS XX.X%. by in peso. expense income tax higher compared $X.XX and labor billion higher-than-expected earnings stronger and interest driven $X.XX $XX.X billion volume offset flow-through including
I discuss midpoint of reflected share As of $XXX are targeting per XXXX year repurchases $X.XX we at our a in estimate of million and further, share have will benefit guidance. the full
business As progress mentioned Level to Aptiv. appropriate Motional it funding team Motional, of in pushout given relates on by under the future to as Motional believe the Despite will Aptiv allocation their participate of for commercialization rounds. the model, the the not map, road we X, technology is continued made X earlier, now robotaxi Kevin capital
the earnings. the we otherwise significant we to of emotional losses during holdings within portion steps common the XXXX, or Aptiv's are addition, construct look the working the of also per reducing sell holdings dilutive exploring joint our agreement, share of will reduce In our reduce equity to impact on earnings venture
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Moving to flow. cash
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we growth are second on providing guidance perspective calendarization not as and are although some year towards both during in revenue want we did provide Finally, quarterly half. weighted the to XXXX, the earnings
to level year half year X% Our growth of and the year half the adjusted of expand higher the full with to the towards margins to the growth the and adjusted revenue similar to fourth revenue XX% X% year, the throughout respect second accelerated noted is will to earnings, XXXX. the weighted business, in in of With cyclicality quarter. growth the consistent assumes guidance in first of X%, previously
On a Slide Starting provide operating XXXX with income revenue. bridge of XX, and as revenue compared to we guidance XXXX.
million. vehicle of Our global growth recoveries $X.X at material price and benefit effectively flat results FX The in over commodity, changes will of in prices combined full market, positive contribution a offset $XXX revenues year net of is downs, production with billion. a estimated and cost
Turning operating income. to adjusted
points driven We and to 'XX expect in strong expected material and inflation. guide, incremental and of and expansion we in performance labor as expect operating cost flow-through additional costs are midpoint strong to net nonmaterial commodities price our XXXX by margin on at offset, XXX actions manufacturing will our performance continued continue volumes, basis of the well incremental as reduction as offset
business increased while focused levels balancing revenue In of on driving summary, margins. we growth expanding remain operating with in performance and investment disciplined the
growth prior our market of to We to over XX%. our down to Moving discuss X%, X% Slide updated of range to framework from wanted XX. X%
Aptiv's market expectations, growth our over As growth relative we above secular vehicle have production. global represents discussed,
OEM mix direct over our stronger as XXXX in in in During the America the production customer local negatively year half well factors, several faster China. our North OEM Chinese impact, combined customer When a by as second as was basis. reduced XXXX, points approximately growth in impacted customers market grew including Japanese UAW with X strike the Chinese strike, the growth by a change of OEMs mix on over than UAW and full market multinational
the producer driven only American a of relationship EV market. X% slowdown by EV exiting for over An and decrease additional in lower smaller a with growth production a accounted growth high-voltage in North
production believe reverses. we strike impact As the out into XXXX, we UAW mix effectively in the of America OEM the North look and
improved our customers China. market multinational with higher contribute local in growth to schedules addition, production growth In OEM Chinese at OEMs over our and continued Chinese will
XX% forecasting XXXX XXXX voltage slow approximately we consistent growth However, high the are levels, pre to XXXX to but with levels in from down approximately of XX%.
X% multiyear commercial incorporates safety, to changes active X% the Slide and vehicle expansion of our provides these margin from contribution our performance. continued engineered well framework updated update as an as Our XX product components lines. on
we margin sales and $XXX over more we February. and very in XXXX, provided incremental noted, XXX points headwinds expansion supply we the despite As midpoint and exceeding expanded on exchange as million. margin XXX impact teams expansion income million headwind, saw last the impact margin was of expectations at last commodities we by The point and basis and XXXX the off target of costs costs. the operating partially flow-through of Operating in strike in reductions offsetting laid our guide. XXXX, as year operating accomplishments Strong material out saw strong disruption point chain over the net a slight drove $XX than labor offset basis for of a performance price a significant foreign strong growth manufacturing higher jumping of
initiatives. the In addition performance ongoing to
see reduction necessary half over achievement the continued continued several years. and as Mexico performance cost in margin as second cost of labor our of to These took on footprint the overall XXXX, particularly operations overall expansion. cost the our and focus also to we we bolster pressures, actions structure as XXXX well expect are operating and our help additional coming During actions our ensure help
relatively in We are at to the level also forecasting peso remain a XXXX. strong
the deployment. billion upon to to record flow, a like We allowing disciplined continue a longer-term to capital business $X.X accretive In and and to record innovation. and invest of allocation. XXXX, in in we the capital performance to cash growth focusing handing cash maintain track operating strong our us continue on to as touch call relates I'd generation back flow it continued Before Kevin, generated
year by per $XXX million In down A, a loan earnings of $X.XX opportunistically in addition, term full in our benefit delevered resulting XXXX. share we paying
stock, purchased in million $XXX addition, of including quarter. In $XXX we million the fourth
flow Looking to to at $X.X to to a maintain capital increase well-balanced expect continue cash we we and billion approach operating allocation. will XXXX,
are $XXX the to investing and of inorganic opportunities, In in organic in forecasting a million share in total additional year. both repurchases targeting addition XXXX we
will continue our we to While sheet to maintain it policy financial current profile. relates leverage and balance as our
have we past, cash, we sustainable allowing in As well-balanced discussed a more drive believe to us helps the and to value. focus performance on capital our model income enables convert approach that business to operating relentless shareholder Aptiv to maintain a allocation
the like Kevin to And remarks. that, I'd for with to back hand call his closing
