Core Viewpoint - Martin Lundstedt, a current member of Autoliv's Board of Directors, will not stand for re-election, concluding his service at the 2026 Annual Stockholders Meeting [1] Group 1: Board Changes - Lundstedt has served on the Autoliv Board for five years and expressed his honor in contributing to the company's vision of saving lives [1] - Jan Carlson, Chairman of the Board, acknowledged Lundstedt's contributions and leadership during a dynamic period for the automotive industry [1] Group 2: Upcoming Annual Meeting - The 2026 Annual Stockholders Meeting is scheduled for May 7, 2026, and will be held in-person only [1] - The record date for stockholders entitled to vote at the meeting is set for March 11, 2026 [1] - Notices regarding the Annual Meeting will be sent to stockholders in late March [1] Group 3: Company Overview - Autoliv, Inc. is a leader in automotive safety systems, developing products like airbags and seatbelts for major automotive manufacturers [1] - In 2025, Autoliv's products saved approximately 40,000 lives and reduced around 600,000 injuries [1] - The company reported sales of $10.8 billion in 2025 and operates in 25 countries with 64,000 employees [1]

Core Viewpoint - Autoliv, Inc. has published its 2025 Annual Report, highlighting its leadership in automotive safety systems and significant contributions to saving lives and reducing injuries through its products [1]. Company Overview - Autoliv, Inc. is recognized as the worldwide leader in automotive safety systems, developing and marketing protective systems such as airbags, seatbelts, and steering wheels for major automotive manufacturers globally [1]. - The company operates in 25 countries and has 13 technical centers focused on innovation, research, and development [1]. Financial Performance - In 2025, Autoliv reported sales amounting to $10.8 billion [1]. - The company's products are credited with saving approximately 40,000 lives and reducing around 600,000 injuries in the same year [1]. Future Outlook - Autoliv plans to publish its 2025 Annual Sustainability Report in mid-March 2026, indicating a commitment to sustainability alongside its safety initiatives [1].

Company Overview - Autoliv, Inc. is a leading supplier of automotive safety systems with a global footprint and a diversified customer base among major car manufacturers [6] - The company generates revenue through the sale of safety system modules and components to automotive manufacturers worldwide, focusing on both OEM supply contracts and ongoing product innovation [8] - Autoliv's revenue for the trailing twelve months (TTM) is $10.81 billion, with a net income of $735 million and a dividend yield of 2.59% [4] Recent Developments - On February 2, Tweedy, Browne Co disclosed the sale of 31,740 shares of Autoliv, valued at approximately $3.79 million, reducing their stake to 400,924 shares [2][3] - The value of Tweedy, Browne's position in Autoliv decreased by $5.84 million due to the sale and market movements over the quarter [2] - Autoliv's shares were priced at $120.49 as of February 2, reflecting a 32% increase over the past year, outperforming the S&P 500 by 12.78 percentage points [3] Financial Performance - In the most recent quarterly release, Autoliv reported $2.82 billion in revenue, representing a 7.7% year-over-year increase, with operating cash flow reaching a record $544 million [10] - Full-year operating cash flow totaled $1.16 billion, supporting dividends, buybacks, and maintaining a leverage ratio well below management's 1.5x ceiling [10] Future Outlook - Management is guiding for roughly flat organic growth in 2026, with an adjusted operating margin expected to be between 10.5% and 11.0% [11] - A weaker first quarter is anticipated, with expectations for improvement later in the year, indicating a solid but not explosive growth outlook [11] Investment Perspective - Autoliv remains a meaningful position in Tweedy Browne's portfolio, representing nearly 4% of assets, alongside other high-conviction holdings [12] - The recent share price increase suggests a disciplined approach to risk management, as even strong companies may warrant partial profit-taking after significant gains [9][12]

Key Takeaways ALV posted Q4 adjusted EPS of $3.19, beating estimates, while net sales rose 7.7% year over year.Autoliv's organic sales grew 4.2% on new product launches, though adjusted margin fell to 12%.ALV saw Airbags sales hit $1.90B, China revenues up 9.8%, and generated $434M in free cash flow.Autoliv Inc. (ALV) reported fourth-quarter 2025 adjusted earnings of $3.19 per share, which beat the Zacks Consensus Estimate of $2.85 and rose 5% year over year. The company reported net sales of $2.82 billion, ...

Core Viewpoint - Autoliv, Inc. reported strong fourth-quarter earnings and sales growth, driven by significant market share in automotive safety and robust performance in high-growth regions like China and India, despite facing inflationary pressures and rising material costs [1][2][9]. Financial Performance - Adjusted earnings per share for Q4 2025 were $3.19, up from $3.05 in the same quarter last year [1]. - Net sales reached $2.82 billion, an increase from $2.62 billion year-over-year [1]. Market Position and Growth - Autoliv's global market share in 2025 was nearly 44%, a rise of approximately 5 percentage points since 2018 [3]. - Sales to Chinese OEMs increased by nearly 40% in the quarter, while India contributed nearly half of the global organic growth [3]. - The company anticipates outperforming light vehicle production in China and India in 2026, with sales projected to exceed industry production by about 1 percentage point [3]. Strategic Initiatives - Autoliv is forming a joint venture with Hangsheng Electric to develop advanced safety electronics for the Chinese market, with a 40% stake in the venture [4]. - A strategic agreement with CATARC aims to advance automotive safety standards through collaboration in R&D and testing [4]. Cost Management and Margins - The company is progressing on a structural cost reduction program, achieving approximately $100 million of the planned $130 million in savings [5]. - Adjusted operating margin is expected to improve to 10.5-11% in 2026, compared to 10.3% in the previous year [5]. Financial Health and Shareholder Actions - Long-term debt decreased to $1.57 billion from $1.77 billion, with a long-term debt-to-capitalization ratio of 40% [6]. - The fourth-quarter dividend was raised by 24% to 87 cents, and a stock repurchase program authorizes up to $2.5 billion in buybacks through 2029 [6]. Challenges and Outlook - North America faces inflationary pressures, with a forecasted 2% decline in light vehicle production in 2026 [7]. - Raw material costs, particularly for gold, are expected to rise, impacting margins with an estimated $30 million headwind in 2026 [8]. - A decline in Chinese light vehicle production is anticipated, contributing to a nearly 4% year-over-year drop in global production [10]. Conclusion - Autoliv's solid earnings growth, strong market position, and exposure to high-growth regions enhance its prospects, supported by new product launches and strategic partnerships [12].

Core Insights - Autoliv reported record sales, cash flow, and earnings per share for both the fourth quarter and full year 2025, driven by strong growth with Chinese OEMs and in India, while anticipating margin expansion in 2026 despite a softer light-vehicle production outlook [5][4]. Financial Performance - Fourth-quarter sales increased 8% year-over-year to over $2.8 billion, marking the highest quarterly level in the company's history [4]. - Gross profit rose by $22 million year-over-year, although gross margin declined by 70 basis points [1]. - Adjusted operating income decreased 4% year-over-year to $337 million, with an adjusted operating margin of 12.0%, down 140 basis points [3]. - For the full year, net sales reached $10.8 billion, up 4% from 2024, and adjusted operating income rose 11% to $1.1 billion, improving the adjusted operating margin to 10.3% [7]. Cash Flow and Shareholder Returns - Fourth-quarter operating cash flow increased by 30% year-over-year to $544 million, while free operating cash flow rose to $434 million from $288 million a year earlier [2]. - The company returned approximately $590 million to shareholders through dividends and buybacks in 2025, raising the quarterly dividend from $0.70 to $0.87 per share [12]. Market Environment and Regional Growth - Global light vehicle production reached its highest level for any quarter on record, with a 1.3% increase in the fourth quarter, driven by stronger-than-expected production in China and India [8][10]. - Autoliv outperformed global light vehicle production by 3 percentage points in the quarter, with particularly strong performance in Asia, excluding China [10]. Operational Efficiency - The company achieved significant operational efficiency improvements, including lower logistics and labor costs, contributing to gross profit [6]. - Autoliv has realized $100 million of a $130 million structural cost savings plan, with expectations to achieve the remaining savings in the coming years [17]. 2026 Outlook - Autoliv anticipates flat organic sales for 2026, with growth in China, India, and South America offset by lower sales in North America and Europe [15]. - The company expects an adjusted operating margin of around 10.5% to 11% and operating cash flow of about $1.2 billion for 2026 [15]. Business Developments - Autoliv announced an agreement with Tensor to develop the first foldable steering wheel for robo cars, targeted for volume production in late 2026 [20]. - The company secured its first order with a Chinese OEM for vehicle production in Europe, establishing a customer relationship [20].

Earnings Call Presentation 4th Quarter 2025 January 30, 2026 January 30, 2026 ALV – Q4 2025 Earnings Call and Webcast Copyright Autoliv Inc., All Rights Reserved Public Safe Harbor Statement* This report contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward- looking statements include those that address activities, events or developments that Autoliv, Inc. or its management believes or ...

Core Viewpoint - Autoliv, Inc. has announced that Fredrik Westin will extend his role as EVP, Finance and CFO until March 31, 2026, while the search for his successor continues [1]. Company Overview - Autoliv, Inc. is the global leader in automotive safety systems, developing and marketing protective systems such as airbags and seatbelts for major automotive manufacturers [3]. - The company also focuses on mobility safety solutions, including pedestrian protection and connected safety services [3]. - In 2024, Autoliv's products saved nearly 37,000 lives and prevented over 600,000 injuries [3]. - The company operates in 25 countries and has 13 technical centers dedicated to innovation and research [4]. - Autoliv employs approximately 65,000 people and reported sales of $10.4 billion in 2024 [4].

Valuation and Market Position - Magna International is trading at a forward P/E ratio of 8.84, while Autoliv has a trailing P/E of approximately 12.5, indicating both stocks are significantly undervalued compared to technology-focused peers [1][2] - The valuation gap between these suppliers and the broader electric vehicle (EV) sector is notable, as pure-play EV stocks often trade at high multiples based on future growth promises [2][3] Operational Performance - Magna and Autoliv are thriving amidst market turbulence, demonstrating operational discipline by cutting costs and optimizing capital spending to enhance free cash flow and shareholder value [3][6] - Magna reduced its projected capital expenditure to approximately $1.5 billion for Q3 2025, resulting in a nearly $400 million year-over-year increase in free cash flow [8] - Autoliv is targeting an operating cash flow of roughly $1.2 billion for the full year, reflecting a focus on efficiency over expansion [8] Strategic Advantages - Magna is uniquely positioned as the only supplier capable of assembling complete vehicles for other companies, recently securing a contract with XPENG to assemble electric vehicles [12][13] - Autoliv holds over 40% market share in automotive safety, ensuring growth potential regardless of the type of vehicle [14] - Autoliv's sales to domestic Chinese automakers surged by 23%, indicating resilience in the face of declining sales volumes for many global brands [15] Supply Chain Resilience - Both companies are actively securing their supply chains against disruptions, with Autoliv establishing a new airbag cushion plant in Vietnam to diversify manufacturing [17] - Magna and Autoliv have shown the ability to pass on tariff-related costs to customers, with Autoliv recovering approximately 75% of these costs in Q3 [18] Investment Outlook - The automotive industry is experiencing volatility, but Magna and Autoliv provide foundational value and operational discipline, making them attractive for investors seeking stability [20][21] - With raised full-year guidance and strong dividend yields, both companies represent a stable entry point into the future of mobility, contrasting with the high-risk nature of OEMs and EV stocks [21]

Core Viewpoint - Autoliv, Inc. is positioned as a leading player in the automotive safety industry, with a focus on innovation and safety systems, which enhances its reputation among automotive manufacturers globally [1] Performance Summary - Over the past 30 days, Autoliv's stock (ALV) has gained 1.06%, indicating a steady upward trend and reflecting investor confidence [2][6] - The stock has seen a decline of 5.81% in the last 10 days, which may present a buying opportunity for investors [2][6] Growth Potential - The stock price is projected to increase by 16.15%, suggesting that it is currently undervalued and has significant room for appreciation [3][6] - Market analysis and future earnings projections support the growth potential of Autoliv, making it an attractive option for investors [3] Fundamental Strength - Autoliv has a Piotroski Score of 8, indicating robust financial health and the ability to capitalize on future growth opportunities [4][6] - A high Piotroski Score reflects the company's effective management of financial resources and profit generation capabilities [4] Analyst Expectations - Analysts have set a target price of $136.22 for ALV, indicating expectations of the stock's fair market value and potential upside for investors [5]