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Autoliv(ALV) - 2024 Q3 - Quarterly Report
2024-10-18 13:23
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File No.: 001-12933 AUTOLIV, INC. (Exact name of registrant as specified in its charter) Delaware 51-0378542 (State or other jurisdiction of (I.R.S. Em ...
Autoliv, Inc. (ALV) Q3 Earnings Lag Estimates
ZACKS· 2024-10-18 12:10
Autoliv, Inc. (ALV) came out with quarterly earnings of $1.84 per share, missing the Zacks Consensus Estimate of $2 per share. This compares to earnings of $1.66 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -8%. A quarter ago, it was expected that this company would post earnings of $2.44 per share when it actually produced earnings of $1.87, delivering a surprise of -23.36%.Over the last four quarters, the company has surp ...
Autoliv: Financial Report July - September 2024
Prnewswire· 2024-10-18 10:40
STOCKHOLM, Oct. 18, 2024 /PRNewswire/ -- (NYSE: ALV) (SSE: ALIV.sdb)Q3 2024: Solid sales outperformanceFinancial highlights Q3 2024$2,555 million net sales1.6% net sales decrease0.8% organic sales decline*8.9% operating margin9.3% adjusted operating margin*$1.74 diluted EPS, 11% increase$1.84 adjusted diluted EPS*, 11% increaseFull year 2024 guidanceAround 1% organic sales growthAround 1% negative FX effect on net salesAround 9.5-10.0% adjusted operating marginAround $1.1 billion operating cash flowAll chan ...
Autoliv(ALV) - 2024 Q3 - Quarterly Results
2024-10-18 10:09
Exhibit 99.1 Financial Report July - September 2024 Stockholm, Sweden, October 18, 2024 (NYSE: ALV and SSE: ALIV.sdb) Financial Report July - September 2024 Q3 2024: Solid sales outperformance Financial highlights Q3 2024 Full year 2024 guidance $2,555 million net sales 1.6% net sales decrease 0.8% organic sales decline* 8.9% operating margin 9.3% adjusted operating margin* $1.74 diluted EPS, 11% increase $1.84 adjusted diluted EPS*, 11% increase Around 1% organic sales growth Around 1% negative FX effect o ...
Insights Into Autoliv (ALV) Q3: Wall Street Projections for Key Metrics
ZACKS· 2024-10-15 14:16
Core Insights - Autoliv, Inc. (ALV) is expected to report quarterly earnings of $2.17 per share, reflecting a 30.7% increase year over year, while revenues are forecasted at $2.57 billion, indicating a 1.1% decrease compared to the previous year [1] - Analysts have revised the consensus EPS estimate down by 0.6% over the past 30 days, highlighting a collective reassessment of projections [1] - The relationship between earnings estimate revisions and short-term stock price performance is emphasized as a critical factor for investor behavior [1] Revenue Estimates - Analysts predict 'Sales - Seatbelt Products' to reach $787.76 million, representing a year-over-year decline of 5.7% [2] - The combined sales for 'Airbags, Steering Wheels and Other' are estimated at $1.77 billion, showing a slight increase of 0.4% year over year [2] - The organic change in 'Sales - Airbags, Steering Wheels and Other' is expected to be 1.0%, down from 15% reported in the same quarter last year [2] Segment Performance - The consensus estimate for 'Sales by Segment - Organic change' is at -0.5%, a significant drop from the 11% reported in the same quarter of the previous year [3] - Autoliv shares have shown a return of -0.3% over the past month, underperforming compared to the Zacks S&P 500 composite's increase of 4.3% [3] - With a Zacks Rank of 5 (Strong Sell), ALV is anticipated to lag behind overall market performance in the near future [3]
Invitation to Autoliv's Q3, 2024 Earnings Call
Prnewswire· 2024-09-24 12:43
Core Points - Autoliv Inc. plans to publish its Financial Report for Q3 2024 on October 18, 2024, at 12:00 CET [1] - A teleconference will be held on the same day, featuring Mikael Bratt, President & CEO, as the main speaker [1] - The earnings call will take place from 14:00 to 15:00 CET [1] Financial Report Details - The Q3 2024 Financial Report will be accessible on the company's website [1] - Audio replay of the conference will be available until October 18, 2025 [1] - A transcript of the conference will also be available on the investor relations section of the website [1] Participation Information - Webcast participation can be accessed via a provided link [1] - Phone registration is required to obtain a personal pin code and phone number for participation [1]
Autoliv appoints Fabien Dumont as Executive Vice President & Chief Technology Officer
Prnewswire· 2024-09-17 06:16
Core Points - Autoliv, Inc. has appointed Fabien Dumont as Executive Vice President & Chief Technology Officer, effective immediately [1][2] - Dumont has been with Autoliv since 1998 and previously served as Vice President Engineering in Autoliv China, contributing significantly to innovations in the Chinese automotive market [1][2] - The appointment reflects Autoliv's strategy to leverage capabilities from the fast-developing Chinese market to enhance its global operations [2] Company Overview - Autoliv is the worldwide leader in automotive safety systems, developing and marketing protective systems such as airbags, seatbelts, and steering wheels [3][4] - In 2023, Autoliv's products saved 35,000 lives and reduced over 450,000 injuries, highlighting the company's commitment to safety [3][4] - The company reported sales of US $10.5 billion in 2023 and operates with 70,000 associates across 25 countries [4]
Autoliv Appoints Adriana Karaboutis to its Board of Directors
Prnewswire· 2024-09-16 06:15
STOCKHOLM, Sept. 16, 2024 /PRNewswire/ -- Autoliv, Inc. (NYSE: ALV) (SSE: ALIVsdb), the worldwide leader in automotive safety systems, announces that it has added a new independent member to its Board of Directors effective today. On September 13, 2024, the Autoliv Board of Directors appointed Ms. Adriana Karaboutis as an independent director to the Autoliv Board of Directors effective immediately. With the addition of Ms. Karaboutis, Autoliv has expanded its Board size from eleven to twelve directors.Ms. K ...
Beyond the EV Hype: 2 Unstoppable Stocks That Can Reward You for Years
The Motley Fool· 2024-08-29 13:33
Group 1: Electric Vehicle Market Overview - The market has adjusted growth expectations for electric vehicle (EV) sales, with ON Semiconductor and Autoliv identified as good value stocks for their growth prospects [1] - Historically, the automotive market has low single-digit growth rates, leading to low valuations that can be misleading [1] Group 2: ON Semiconductor Analysis - ON Semiconductor focuses on automotive and industrial end markets, particularly in EV and advanced driver assistance systems (ADAS) [2] - The company faced challenges this year, including reduced demand from an automotive original equipment manufacturer for silicon carbide chips [3] - CEO indicates an "L-shape" recovery in revenue, suggesting no significant bounce back is expected [4] - CFO believes underlying demand is better than current revenue growth suggests, citing inventory digestion as a factor [4] - ON Semiconductor trades at less than 19 times the Wall Street analyst consensus for full-year earnings, indicating it is undervalued for a growth company [5] Group 3: Autoliv Analysis - Autoliv holds a dominant position in the automotive passive safety market with significant global market shares in airbags (47%), seatbelts (45%), and steering wheels (40%) [6] - The company's growth is tied to light vehicle production (LVP) and its ability to increase content per vehicle (CPV), with higher-income markets showing a CPV of $330 compared to $200 in lower-income markets [6] - Management anticipates that LVP growth will primarily occur in medium- and low-income regions, potentially diluting the average global CPV [7] - Autoliv has historically outperformed its end markets, growing at 5% per annum since 1997 compared to market growth of 2.8% [8] - The stock trades at slightly less than 12 times estimated full-year earnings, with expected free cash flow of $1.82 billion over the next three years, representing over 22% of its current market cap [8]
奥托立夫:FY24Q2业绩点评及法说会纪要:Q2营收2.2亿美元/+4%,中国主机厂在华订单销售额同比+39%
Huachuang Securities· 2024-07-31 10:01
Investment Rating - The report does not explicitly mention the investment rating for Autoliv (ALV) [1][2][3] Core Views - Autoliv's Q2 2024 revenue was $2.2 billion, up 4% YoY, with China OEM sales in China increasing by 39% YoY [1] - The company expects improved profitability in H2 2024, with adjusted operating margins projected to reach 11%-12% [2][15] - Autoliv plans to reduce indirect headcount by 2,000 in 2024, saving $50 million in related costs [2][15] Financial Performance - Q2 2024 sales were $2.6 billion, up 1% YoY, with operating income of $221 million, up 4% YoY [2][5] - Gross profit was $475 million, up 6% YoY, with a gross margin of 18.2%, up 1.3pp YoY [2][5] - Operating cash flow was $340 million, down $39 million YoY [2][6] - Adjusted EBITDA increased by $11 million YoY [5] Market and Capacity - Sales distribution: Asia 37%, Americas 34%, Europe 29% [2] - China OEM sales accounted for 38% of total China sales, up 39% YoY and 25% QoQ [2][18] - Light vehicle production declined 1% YoY, with strong performance in Japan, other Asian regions, and Europe [2][16] Cost Improvements - Direct labor efficiency improvements and indirect labor reductions contributed to a 0.3pp increase in gross margin YoY and QoQ [2][5] - The company expects to save $50 million in 2024 through headcount reductions [2][15] Customer Collaboration - Autoliv is strengthening partnerships with fast-growing Chinese OEMs and has signed a strategic cooperation agreement with XPeng Huitian [2][16] Shareholder Returns - Over the past 12 months, Autoliv returned approximately $810 million to shareholders through dividends and share repurchases [2][12] - The company has reduced its outstanding shares by nearly 9% since initiating its share repurchase program in 2022 [12] Sustainability - Autoliv is collaborating with the UN Road Safety Fund to enhance motorcycle safety and aims to save 100,000 lives annually [2][13] - The company has eliminated SF6 in steering wheel production and is increasing the use of renewable energy and 100% recycled polyester for airbag cushions [14] Guidance - Autoliv expects organic sales growth of 2% in 2024, with adjusted operating margins of 9.5%-10% and operating cash flow of approximately $1.1 billion [2][15] - The company forecasts a tax rate of around 28% for 2024 [15]