Autoliv, Inc. (ALV) Reports Q4 Earnings: What Key Metrics Have to Say

Core Insights - Autoliv, Inc. reported revenue of $2.75 billion for the quarter ended December 2023, reflecting a year-over-year increase of 17.8% [1] - The company's EPS was $3.74, significantly higher than the $1.83 reported in the same quarter last year [1] - Autoliv's revenue met the Zacks Consensus Estimate, with a surprise of +0.19%, while the EPS exceeded expectations by +15.08% [1] Revenue Performance - Sales from Airbags, Steering Wheels, and Other products showed an organic change of 16%, surpassing the average estimate of 6.9% from three analysts [2] - Seatbelt Products experienced an organic change of 15%, which was below the average estimate of 22.8% from three analysts [2] - Overall sales by segment had an organic change of 16%, compared to the estimated 11.1% from two analysts [2] Segment Sales Details - Sales for Seatbelt Products reached $887 million, lower than the estimated $977.37 million from three analysts, but still represented a year-over-year increase of 17.6% [2] - Sales for Airbags, Steering Wheels, and Other products amounted to $1.86 billion, exceeding the average estimate of $1.73 billion from three analysts, with a year-over-year change of 17.9% [2] Stock Performance - Autoliv's shares have declined by 6.7% over the past month, contrasting with a 3.1% increase in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]