STOCKHOLM, Jan. 8, 2025 /PRNewswire/ -- Autoliv Inc., plans to publish its Financial Report for the fourth quarter 2024 on Friday, January 31, 2025 at 12:00 Central European Time (CET).The report will be available at www.autoliv.com.In addition, a teleconference will take place the same day. Q4 2024 Earnings Call: Date: January 31, 2025 Time: 14:00 – 15:00 CET Main speaker: Mikael Bratt, President & CEO To attend by webcast, please use the link on our web or the link below:https://edge. ...

The world's largest automotive safety supplier, Autoliv (NYSE: ALV ), has experienced subdued growth during 2024. However, growth will most likely return in 2025 as global light vehicle production is set to increase at a rate ofI am a private investor who is currently studying economics in Sweden with finance as orientation. For many years I have been interested in the stock market and have thus gained a deeper understanding of the stock market over the years. My investment strategy is mostly about finding ...

STOCKHOLM, Dec. 12, 2024 /PRNewswire/ -- Autoliv, Inc. (NYSE: ALV) (SSE: ALIVsdb), the worldwide leader in automotive safety systems, today announced that Jiangling Motors Co., Ltd (JMC), a renowned Chinese automotive manufacturer, and Autoliv (Shanghai) Management Co., Ltd, will start a new strategic cooperation to advance innovation and support global expansion.JMC is a leading company in China's commercial vehicle industry and a new force in the field of passenger vehicles. Autoliv has supplied seatbelts ...

Core Viewpoint - The Zacks Automotive - Original Equipment Industry is facing challenges due to a decline in light vehicle production forecasts, high R&D costs, rising capital expenditures, and supply chain issues, although some companies are managing to navigate these difficulties through acquisitions, collaborations, and cost reduction initiatives [1]. Industry Description - The industry includes companies that design, produce, and provide passive safety systems for the automotive sector, as well as those involved in driveline and metal forming technologies for electric, hybrid, and internal combustion vehicles. It supplies equipment to the U.S. government and major car manufacturers, and some companies also offer equipment financing and leasing solutions [2]. Factors Influencing the Outlook - The light vehicle production forecast for North America is expected to decline from 15.7 million in 2023 to 15.5 million in 2024, with further drops anticipated to 15.4 million by 2025, which could negatively impact demand for original equipment [3]. - Companies are facing high R&D costs and rising capital expenditures as they invest in new technologies, which may strain near-term margins despite potential long-term benefits from electrification [4]. Enhanced Efficiency - Automation is transforming production processes, improving efficiency, productivity, and quality while reducing labor costs, which is essential for OEMs to remain competitive in the evolving market [5]. Industry Rank and Performance - The Zacks Automotive - Original Equipment Industry holds a Zacks Industry Rank of 168, placing it in the bottom 33% of over 250 Zacks industries, indicating dim near-term prospects [6][7]. - The industry's earnings estimates for 2024 and 2025 have decreased by 25% and 29%, respectively, over the past year, reflecting a negative outlook [8]. - The industry has underperformed the S&P 500, declining 14.3% over the past year compared to the S&P 500's growth of 30.9% [11]. Current Valuation - The industry is currently trading at a trailing 12-month price-to-earnings (P/E) ratio of 15.42X, significantly lower than the S&P 500's 22.65X and the sector's 22.19X [13]. Notable Companies - **Autoliv, Inc. (ALV)**: A leading manufacturer of passive safety systems, with a record number of product launches in 2023 and expected growth in 2024. The company is improving labor productivity by reducing its workforce by 3,100 [15]. - **Oshkosh Corporation (OSK)**: A producer of specialty vehicles, expecting robust revenue growth from its Next Generation Delivery Vehicle program, with production increases projected through 2025 [18]. - **American Axle & Manufacturing Holdings, Inc. (AXL)**: A supplier of driveline systems, poised for growth from new contracts in both electric and internal combustion engine markets, with significant earnings growth estimates for 2024 and 2025 [22].

STOCKHOLM, Nov. 11, 2024 /PRNewswire/ -- Autoliv, Inc. (NYSE: ALV) (SSE: ALIVsdb), the worldwide leader in automotive safety systems, today announced an increase of its quarterly dividend and extension of its current share repurchase program. Autoliv will cancel two million treasury shares in December 2024. Autoliv plans to hold its next Capital Markets Day on June 3rd, 2025.Quarterly Dividend Autoliv's quarterly dividend is increased by 3% to 70 cents per share, from 68 cents, for the fourth quarter of 202 ...

Autoliv, Inc. ALV reported better-than-expected third-quarter sales results on Friday. The company reported third-quarter adjusted earnings per share of $1.84, missing the analyst consensus of $1.95. Quarterly revenues of $2.56 billion topped the street view of $2.53 billion. "Light vehicle production was weak in the third quarter, declining by close to 5% globally. This was driven by a combination of inventory reductions, especially in the Americas and a high comparison base, especially in China," said Mik ...

Autoliv Inc. (ALV) reported third-quarter 2024 adjusted earnings of $1.84 per share, which missed the Zacks Consensus Estimate of $2 but rose 11% year over year. The company reported net sales of $2.56 billion in the quarter, which beat the Zacks Consensus Estimate of $2.54 million but fell 1.6% year over year.Stay up-to-date with the quarterly releases: See Zacks Earnings Calendar.Organic sales fell 0.8% year over year and missed our estimate of 1.5% due to a negative light vehicle production mix in China. ...

Financial Data and Key Metrics - Sales decreased by 160 basis points year-over-year, or by $42 million, due to unfavorable currency translation effects, lower light vehicle production, and a negative regional light vehicle production mix [12] - Adjusted operating income for Q3 decreased by 2% to $237 million from $243 million last year, with the adjusted operating margin virtually unchanged despite lower sales [12] - Operating cash flow was $177 million, $25 million lower compared to Q3 last year [12] - Earnings per share improved by 11%, driven by a lower number of outstanding shares and a lower tax rate [9] - The company repurchased and retired 1.3 million shares for $130 million in the quarter, with over 10% of outstanding shares repurchased for $917 million under the current mandate [9] Business Line Data and Key Metrics - The company outperformed global light vehicle production by four percentage points, driven by product launches and pricing, particularly in Japan, the rest of Asia, and Europe [14] - In China, domestic OEMs accounted for 39% of sales, with sales to this group growing by 18% versus a year ago, more than twice their light vehicle production growth of 8.5% [15] - The company saw a record number of significant product launches in the quarter, with four models from Chinese OEMs and two from Indian OEMs, highlighting its growing position in these markets [16] Market Data and Key Metrics - Global light vehicle production declined by nearly 5% in Q3, with significant reductions in North America, Europe, and Asia (excluding China), offset by increased output from domestic OEMs in China [10] - The unfavorable regional light vehicle production mix significantly impacted the company's top-line performance, with a 130 basis points negative impact on outperformance [14] - In China, the company expects to start outperforming in 2025, driven by major new launches in the second half of 2024 [19] Company Strategy and Industry Competition - The company is focused on reducing its indirect workforce by up to 2,000 and achieving related savings of $50 million in 2024, with direct headcount reduced by around 6% [8] - Autoliv is leveraging its global volumes and footprint to optimize its supply base and support customers' overseas expansion strategies, particularly in China [22] - The company is at the forefront of innovation in China, collaborating with local universities, research institutes, and leading customers to drive advancements in automotive safety technologies [18] Management Commentary on Operating Environment and Future Outlook - The company expects a significant increase in profitability in Q4, supported by higher light vehicle production, structural cost reductions, and favorable currency effects, though partly offset by supplier cost inflation [32] - The full-year 2024 guidance for adjusted operating margin is around 9.5% to 10%, with the company expecting to be at the low end of this range [33] - Management remains committed to achieving a 12% adjusted operating margin target, with normalization of call-offs, direct labor efficiency, and strategic initiatives being key drivers [55] Other Important Information - The company has achieved around $470 million in working capital improvements as part of its capital efficiency program, with further improvements expected as call-off volatility decreases [28] - Autoliv's leverage ratio remains virtually unchanged at 1.4 times, reflecting its prudent financial management and commitment to maintaining a strong balance sheet [29] Q&A Session Summary Question: Cost Takeout Program Progress - The company has reduced indirect headcount by over 1,200 and direct headcount by around 6%, with savings progressing as expected [36] Question: Supplier Settlement Impact - The $14 million supplier settlement in Q3 is expected to decrease linearly to close to zero by Q3 2025, with impacts in Q4 2024 and H1 2025 [42] Question: Margin Improvement Drivers - The company expects margin improvement from structural cost initiatives, normalization of call-offs, and strategic initiatives, with around 1% contribution from each [55] Question: Chinese OEMs and Market Share - Autoliv is gaining traction with Chinese OEMs, with market share expected to rise from 20% in 2022 to 32% by 2025 [21] Question: Call-Off Accuracy and New Normal - Management does not believe the current call-off volatility represents a new normal and expects a return to historical levels, which is a key assumption for achieving the 12% margin target [51] Question: CapEx and Investment Cycle - CapEx is expected to trend down from 5.5% of sales, with a target of around 5% over time, though it will remain above this level in 2025 due to ongoing investments [81] Question: Profitability in China - The company does not disclose specific profitability metrics by region but focuses on the overall portfolio of programs, with some being more profitable than others [84] Question: Working Capital Impact from Chinese OEMs - Chinese OEMs tend to have longer payment terms, but the company has managed this through its supply base, with no significant net impact on working capital [89]

Key TakeawaysAutoliv shares surged Friday after the world’s largest maker of airbags and seatbelts reported strong third-quarter results, despite a drop in light vehicle production globally.The company said it saw substantial outperformance in Europe and Asia, except for China.Despite Friday's gains, shares remained lower for 2024. Autoliv (ALV) shares surged Friday after the world’s largest maker of airbags and seatbelts reported strong third-quarter results, despite a drop in light vehicle production ami ...

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