Core Points - Autoliv Inc. plans to publish its Financial Report for Q1 2025 on April 16, 2025, at 12:00 CET [1] - A teleconference will be held on the same day, featuring Mikael Bratt, President & CEO, as the main speaker [2] Financial Report Details - The Q1 2025 Earnings Call is scheduled for April 16, 2025, from 14:00 to 15:00 CET [2] - Participants can attend via webcast or phone, with registration required for phone attendance [2] - Audio replay and transcript of the conference will be available on the company's investor relations website [2]

Group 1 - Autoliv Inc. plans to publish its Financial Report for Q1 2025 on April 16, 2025, at 12:00 CET [1] - A teleconference will be held on the same day, featuring Mikael Bratt, President & CEO, as the main speaker [2] - The earnings call will take place from 14:00 to 15:00 CET, with options to attend via webcast or phone [2] Group 2 - Audio replay of the conference will be available until April 16, 2026, and transcripts will also be accessible [2] - Additional information about Autoliv can be found on their official website [2]

Group 1 - The article discusses the author's long positions in several companies, indicating a bullish outlook on their performance [1] - It emphasizes the importance of conducting due diligence and research before making investment decisions, particularly in high-risk trading styles [2] - The author clarifies that the views expressed may not reflect those of Seeking Alpha as a whole, highlighting the independent nature of the analysis [3] Group 2 - The article does not provide specific financial data or performance metrics related to the companies mentioned [3]

Core Viewpoint - Autoliv, Inc. is hosting its 2025 Capital Markets Day event titled "Leading the Way" to discuss its growth strategies and innovations in automotive safety systems [1][2]. Group 1: Event Details - The Capital Markets Day will take place on June 4, 2025, from approximately 1:00 pm to 5:30 pm Central European Time at the Artipelag Art Museum in Stockholm, Sweden [4]. - The event will feature live presentations, exhibitions of Autoliv's latest technologies, and opportunities for attendees to experience new vehicle models [3][4]. Group 2: Strategic Focus - The event will highlight Autoliv's medium and long-term growth avenues, including its strategic roadmap and advancements in automation and operational efficiency [2]. - Autoliv management will discuss collaborations with original equipment manufacturers (OEMs) to secure a strong market position for future success [2]. Group 3: Company Overview - Autoliv is the global leader in automotive safety systems, developing products such as airbags and seatbelts, and has operations in 25 countries with 65,000 employees [6][7]. - In 2024, Autoliv's products saved approximately 37,000 lives and reduced around 600,000 injuries, with sales amounting to $10.4 billion [6][7].

Core Points - Autoliv, Inc. has filed its 2024 Annual Report on Form 10-K and its annual sustainability report with the SEC, which are available for public access [1][2] - The company is recognized as the worldwide leader in automotive safety systems, developing and marketing protective systems for major automotive manufacturers [3][4] - In 2024, Autoliv's products are reported to have saved approximately 37,000 lives and reduced around 600,000 injuries [3][4] - The company achieved sales of $10.4 billion in 2024 and operates in 25 countries with 65,000 employees [4] Company Information - Autoliv develops, manufactures, and markets automotive safety systems, including airbags, seatbelts, and steering wheels, as well as mobility safety solutions for commercial vehicles [3][4] - The company emphasizes innovation, research, and development through its 13 technical centers [4] - Autoliv's vision is centered around "Saving More Lives," with a strong focus on quality in its operations [4]

Sales and Market Performance - The company's sales in 2024 were $10.4 billion, with approximately 68% from airbag and steering wheel products and 32% from seatbelt products [23]. - Autoliv's global market share in passive safety increased from 27% in 1997 to around 44% in 2024, with a compound annual growth rate (CAGR) of around 5% since 1997 [33]. - The annual passive safety market is expected to grow from around $23 billion in 2024 to more than $25 billion over the next three years [37]. - Autoliv has reached a global market share of around 45% in seatbelts, primarily due to being a technology leader with innovations like pretensioners and active seatbelts [38]. - The market for airbags and steering wheels, where Autoliv holds a global market share of around 44%, is expected to grow due to higher installation rates of various airbags [39]. - The company's order intake in 2024 was estimated to have a lifetime sales value of around $7.4 billion, down from $11.8 billion in 2023 due to lower OEM sourcing activity [216]. - The company's market share decreased from approximately 45% in 2023 to around 44% in 2024, influenced by regional LVP growth differences [206]. Production and Workforce - Autoliv produced 142 million complete seatbelt systems, 132 million side airbags, 60 million frontal airbags, and 21 million steering wheels in 2024 [46]. - The total workforce decreased from 70,300 in 2023 to 65,200 in 2024, with a direct manufacturing workforce of 48,000 [78]. - The company employs approximately 65,200 personnel worldwide, with 9% being temporary personnel [24]. - 99% of targeted employees conducted a Performance and Development Dialogue (PDD) with their managers during the year [81]. Financial Performance - In 2024, gross expenditures for R,D&E amounted to $612 million, with net R,D&E expenditures at $398 million [71]. - Operating income increased by 42% to $979 million in 2024, up from $690 million in 2023, resulting in an operating margin of 9.4%, a 2.8 percentage point improvement [200]. - Net income attributable to controlling interest rose by 33% to $646 million in 2024, compared to $488 million in 2023 [200]. - The company had 2.7 million treasury shares as of December 31, 2024, down from 4.9 million in 2023, reflecting ongoing share retirements [189]. - The company's top five customers accounted for around 44% of its consolidated net sales in 2024, while the top ten customers represented around 71% [68]. Costs and Expenses - Direct material cost represents approximately 55% of the Company's net sales in 2024 [63]. - Direct material costs accounted for approximately 55% of net sales in 2024, with raw material costs making up about half of that [105]. - The company expects annual cost reductions of around $135 million from its restructuring initiatives, with $50 million in savings recorded in 2024 [217]. Innovation and Development - The Company’s R,D&E net expense in 2024 was 86% for projects with customer orders, indicating a strong focus on customer-driven innovation [71]. - The company is investing in technology and innovation to remain competitive, particularly in the development of electric vehicle models [96]. - The company is expanding its product offerings to include mobility safety solutions, which are currently in development stages, posing risks if customer preferences shift [98]. Risks and Challenges - The automotive industry is experiencing aggressive pricing pressure, with major manufacturers expecting fixed prices and annual price reductions, impacting sales and profit margins [102]. - Disruptions in the supply chain could lead to production halts for customers, significantly impacting sales and operations due to the just-in-time shipping method [103]. - The company faces risks related to product liability, warranty, and recall claims, which could result in material losses and costs [100]. - Economic declines affecting automotive sales and production could materially impact the company's financial condition and results of operations [94]. - The company may incur significant costs related to warranty claims and product liability, which could adversely affect financial results [101]. - The company faces potential reputational challenges if it cannot verify the origins of conflict minerals used in its products [106]. - High inflation and price fluctuations of raw materials could adversely affect profit margins and operating costs [105]. - The company is dependent on a few large customers, which increases vulnerability to customer defaults or loss of contracts [107]. - Changes in product mix can impact financial performance, as varying profit margins are associated with different products [109]. - Governmental restrictions may affect the company's ability to supply customers, particularly those owned or influenced by governmental entities [119]. - The company may face difficulties in managing restructuring and efficiency initiatives, which could adversely impact performance [115]. - Impairment charges related to assets, goodwill, and other intangible assets could adversely affect financial performance, with potential material impacts if significant decreases in value occur [120]. - Defined benefit pension plans and employee benefit plans may require additional funding, leading to higher costs and liabilities that could negatively affect operating results [122]. - The company may not be able to pay dividends or repurchase shares at anticipated levels, which could reduce shareholder returns [123]. - Cybersecurity incidents could disrupt business operations, resulting in loss of critical information and adversely impacting reputation and operating results [124]. - Third-party vendors maintaining confidential information could experience cybersecurity incidents, exposing the company to liability risks [125]. - Global climate change may lead to increased regulatory requirements, impacting raw material prices and demand for products, which could adversely affect operating results [126]. - The company faces risks related to sustainability goals and emissions reduction, with potential operational and reputational risks if targets are not met [127]. - International operations expose the company to legal, political, and economic risks, particularly in growth and emerging markets [130]. - Changes in tax laws or policies could result in a higher effective tax rate, adversely affecting business prospects and financial condition [131]. - Increasing manufacturing footprint in growth markets is a strategic priority, but it also heightens exposure to risks associated with political upheaval and local infrastructure reliability [133]. - Unfavorable global economic conditions, including the war in Ukraine and geopolitical tensions, have led to increased volatility in commodity prices, energy prices, and inflationary pressures, adversely affecting the company's financial condition [134]. - The company has experienced significant increases in raw material costs and transportation expenses due to the war in Ukraine, which may have a material negative impact on its business and financial results [135]. - Changes in the United States Mexico Canada Agreement (USMCA) could adversely affect financial performance, particularly with new rules requiring at least 75% of parts to be made in North America [136]. - The company's operations in Asia face aggressive competition and are sensitive to economic and political conditions, which could lead to lower sales volumes and reduced margins [139]. - The company is exposed to foreign exchange risks due to a significant portion of revenues and expenses being denominated in currencies other than the U.S. dollar, creating transaction exposure risks [141]. - Strategic transactions, including acquisitions and partnerships, are essential for growth but involve risks such as integration challenges and potential adverse financial impacts [143]. Regulatory and Compliance - The company is subject to various federal, state, local, and foreign laws and regulations, which could increase operational costs or restrict actions, adversely affecting business prospects and financial condition [151]. - Stringent automotive safety regulations have historically driven growth in the company's business by requiring more advanced safety products per vehicle [152]. - The company faces uncertainties in tax regulations across multiple jurisdictions, which could impact effective tax rates and financial results [153]. - The company carries deferred tax assets that may be reduced due to adverse changes in operations or market conditions, potentially affecting income [155]. Cybersecurity - The company maintains a cybersecurity program to manage and mitigate threats, integrated within its overall operations [158]. - Cybersecurity risk management is overseen by the Audit and Risk Committee, ensuring alignment with the company's Enterprise Risk Management framework [160]. - The Chief Information Security Officer (CISO) oversees cybersecurity practices and reports directly to the CFO, with regular updates to the Board of Directors [165]. - The company has not experienced any material cybersecurity incidents, but acknowledges the ongoing risks associated with cybersecurity threats [164]. Shareholder Information - Autoliv's common stock trades on the NYSE under the symbol "ALV" and Swedish Depositary Receipts are traded on NASDAQ Stockholm under "ALIV SDB" [183]. - As of December 31, 2024, the number of shares outstanding was 77.7 million, down from 82.6 million in 2023, with approximately 5.1 million shares repurchased and retired during 2024 [187]. - The weighted average number of shares outstanding for 2024 decreased to 80.2 million from 85.0 million in 2023, indicating a reduction in share dilution [188]. - Autoliv's stock repurchase program allows for the repurchase of up to $1.5 billion or 17 million shares, with an extension approved through the end of 2025 [197]. - The cumulative total shareholder return for Autoliv's common stock since December 31, 2019, shows a performance of $124.65 by December 31, 2024, compared to $100.00 at the start [184]. - During the three months ended December 31, 2024, Autoliv repurchased a total of 1,043,953 shares at an average price of approximately $97.06 per share [195]. - As of February 13, 2025, there were 1,196 holders of record of Autoliv's common stock, indicating a significant number of shareholders through brokerage accounts [190]. - Autoliv has a history of paying quarterly cash dividends, with the Board of Directors reviewing dividends on a quarterly basis [191]. - Autoliv's stock incentive plan allows employees to receive stock-based awards, promoting alignment with shareholder interests [192].

Core Viewpoint - Autoliv (ALV) shares have underperformed significantly, declining 15.2% over the past year, contrasting with the Zacks Auto, Tires and Trucks sector's growth of 9.7% and the Zacks Automotive – Original Equipment industry's decline of 2% [1] Group 1: Performance and Market Conditions - Global light vehicle production (LVP) is projected to decline by approximately 0.5% in 2025, with notable reductions expected in North America and Europe due to inventory corrections [4] - An unfavorable shift in the LVP mix, particularly in China, is leading to a decrease in demand for ALV's higher-value products as domestic manufacturers focus on lower-content-per-vehicle models [5] - Macroeconomic uncertainties and geopolitical tensions, including tariffs and trade restrictions, are likely to disrupt supply chains and increase raw material costs, negatively impacting demand in key markets like China and Europe [6] Group 2: Company Guidance and Earnings Estimates - Autoliv anticipates organic sales growth of around 2% in 2025, an increase from the 0.4% reported in 2024, with adjusted operating margins expected to range from 10% to 10.5% [8] - The Zacks Consensus Estimate for Autoliv's first-quarter 2025 EPS is $1.87, reflecting an 8.8% decrease over the past month, while the second-quarter estimate has dropped by 7% to $2.27 [9] - The consensus estimates for Autoliv's EPS for 2025 and 2026 have also declined by 3.9% and 5.2%, now pegged at $9.70 and $11.01, respectively [9] Group 3: Recent Performance and Investment Outlook - Autoliv has beaten the Zacks Consensus Estimate for earnings in two of the last four quarters, with an average negative surprise of 2.68% [10] - Given the ongoing market challenges and downward-trending EPS estimates, the near-term prospects for ALV appear bleak, leading to a Zacks Rank of 4 (Sell) [11]

Core Insights - Autoliv Inc. reported fourth-quarter 2024 adjusted earnings of $3.05 per share, exceeding the Zacks Consensus Estimate of $2.83 but down 19% year over year [1] - The company’s net sales for the quarter were $2.62 billion, missing the Zacks Consensus Estimate of $2.71 billion and declining 4.9% year over year [1] Financial Performance - Organic sales decreased by 3.3% year over year, missing the estimated decline of 1% due to a negative regional and model light vehicle production mix [2] - Adjusted operating income was $349 million, reflecting a 4.7% year-over-year increase, with an adjusted operating margin of 13.4%, up from 12.1% in the previous year [2] Segmental Performance - Airbags and Associated Products segment sales totaled $1.76 billion, below the projection of $1.95 billion, with a 5.6% year-over-year decline [3] - Seatbelts and Associated Products segment sales reached $856 million, down 3.5% year over year but exceeding the forecast of $754.9 million [4] - Regional sales in the Americas were $786 million, missing the estimate of $800.2 million and decreasing 8.7% year over year [4] - Sales in Europe were $715 million, below the forecast of $782.7 million, down 5.3% year over year [5] - Sales in China were $587 million, missing the projection of $606.1 million, and fell 4.8% year over year [5] - Sales in the Rest of Asia totaled $527 million, increasing 1.7% year over year and surpassing the projection of $512.1 million [5] Financial Position - As of December 31, 2024, Autoliv had cash and cash equivalents of $330 million and long-term debt of $1.52 billion [6] - Operating cash flow for the quarter was $420 million, with capital expenditure of $132 million, resulting in a free cash flow of $288 million [6] - The company paid a dividend of 70 cents per share and repurchased 1.04 million shares during the quarter [6] 2025 Guidance - Autoliv forecasts organic sales growth of around 2% for 2025, compared to 0.4% reported in 2024 [7] - The adjusted operating margin is expected to be in the range of 10-10.5% [7] - Operating cash flow is anticipated to be $1.2 billion in 2025 [7]

Core Insights - Autoliv, Inc. reported revenue of $2.62 billion for Q4 2024, a year-over-year decline of 4.9% and an EPS of $3.05, down from $3.74 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $2.71 billion by 3.59%, while the EPS exceeded the consensus estimate of $2.83 by 7.77% [1] Financial Performance - Autoliv's stock has returned +9.8% over the past month, outperforming the Zacks S&P 500 composite's +2.9% change [3] - The company currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3] Sales Breakdown - Organic sales change for Airbags, Steering Wheels, and Other products was -4.1%, compared to the three-analyst average estimate of +1.8% [4] - Organic sales change for Seatbelt Products was -1.6%, against the average estimate of +0.1% [4] - Net Sales in the Americas were $786 million, below the average estimate of $810.12 million, reflecting an 8.7% year-over-year decline [4] - Net Sales in Europe were $715 million, compared to the average estimate of $758.93 million, marking a 5.3% year-over-year decline [4] - Net Sales in Asia excluding China were $527 million, slightly above the average estimate of $524.03 million, showing a 1.5% year-over-year increase [4] - Net Sales in China were $587 million, below the average estimate of $634.50 million, indicating a 4.9% year-over-year decline [4] - Sales of Seatbelt Products were $856 million, exceeding the average estimate of $839.11 million, but reflecting a 3.5% year-over-year decline [4] - Sales of Airbags, Steering Wheels, and Other products were $1.76 billion, below the average estimate of $1.88 billion, representing a 5.6% year-over-year decline [4]

Core Viewpoint - Autoliv, Inc. reported quarterly earnings of $3.05 per share, exceeding the Zacks Consensus Estimate of $2.83 per share, but down from $3.74 per share a year ago, indicating a mixed performance in earnings despite a positive surprise this quarter [1][2]. Financial Performance - The company posted revenues of $2.62 billion for the quarter ended December 2024, which was 3.59% below the Zacks Consensus Estimate and a decrease from $2.75 billion in the same quarter last year [2]. - Over the last four quarters, Autoliv has surpassed consensus EPS estimates two times and topped consensus revenue estimates twice [2]. Stock Performance - Autoliv shares have increased approximately 8% since the beginning of the year, outperforming the S&P 500's gain of 3.2% [3]. - The stock currently holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [6]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2 on revenues of $2.58 billion, while for the current fiscal year, the estimate is $10.05 on revenues of $10.88 billion [7]. - The trend of estimate revisions for Autoliv is mixed, which could change following the recent earnings report [6]. Industry Context - The Automotive - Original Equipment industry, to which Autoliv belongs, is currently ranked in the bottom 30% of over 250 Zacks industries, suggesting potential challenges ahead [8]. - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Autoliv's stock performance [5].