Narrow-moat-rated Aptiv APTV reported third-quarter earnings per share before special items of $1.30, $0.07 above the $1.23 FactSet consensus estimate and $0.02 better than the $1.28 year-ago result, despite the UAW strike. Third-quarter revenue was a hair above consensus by about $23 million, rising 11% to $5.1 billion from $4.6 billion last year due to solid flow-through on volume growth, new business launches, and contributions from acquisitions Wind River and Intercable, partially offset by periodic supply chain disruptions. Excluding currency, acquisitions, and divestitures, organic revenue increased 7%, exceeding a 5% increase in global light vehicle production weighted to Aptiv's customer base by 2 percentage points. Third-quarter adjusted EBIT was $560 million for a margin of 11.0%, up 7% from $525 million with a 11.4% margin in the prior year as the UAW strike reduced EBIT $30 million and currency hit margin by 40 basis points.