Autoliv(ALV)

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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
The upcoming report from Autoliv, Inc. (ALV) is expected to reveal quarterly earnings of $2.17 per share, indicating an increase of 30.7% compared to the year-ago period. Analysts forecast revenues of $2.57 billion, representing a decrease of 1.1% year over year.The current level reflects a downward revision of 0.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this perio ...
Invitation to Autoliv's Q3, 2024 Earnings Call
Prnewswire· 2024-09-24 12:43
STOCKHOLM, Sept. 24, 2024 /PRNewswire/ -- Autoliv Inc., plans to publish its Financial Report for the third quarter 2024 on Friday, October 18, 2024 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.Q3 2024 Earnings Call: Date: October 18, 2024 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.media-server.com/mm ...
Autoliv appoints Fabien Dumont as Executive Vice President & Chief Technology Officer
Prnewswire· 2024-09-17 06:16
STOCKHOLM, Sept. 17, 2024 /PRNewswire/ --- Autoliv, Inc. (NYSE: ALV) (SSE: ALIVsdb), the worldwide leader in automotive safety systems, appoints Fabien Dumont as Executive Vice President & Chief Technology Officer and a member of the Autoliv Executive Management Team. Fabien Dumont previously served as Vice President Engineering in Autoliv China and has been with Autoliv since 1998. In leading the Autoliv China Engineering team, Fabien Dumont has played a vital role in developing innovations and technologie ...
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
The market is now more realistic about growth expectations for electric vehicle sales, and these two companies are an excellent value for their growth prospects.The automotive market isn't the easiest to invest in. Auto sales have historically tended to grow at a low-single-digit growth rate. As such, the lowly valuations that auto-related stocks often trade on are sometimes a value trap.The super growth of electric vehicle (EV) sales was supposed to change all that, but unfortunately, growth expectations h ...
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%
华创证券· 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]
Autoliv: Initiating Coverage With A Cautious Buy After The Earnings Results
Seeking Alpha· 2024-07-23 03:26
Core Viewpoint - Autoliv, Inc. reported earnings results on July 19, 2024, missing both top- and bottom-line estimates, leading to a significant decline in share price, which had already been falling since late May 2024 [1][19]. Earnings Results - Net sales decreased by 1.1% year-over-year to $2.61 billion, approximately $130 million below analyst estimates [2]. - Adjusted EPS fell by 3% compared to the previous year, reaching $1.87, which is $0.34 below expectations [2]. Sales Performance - Organic sales growth was 0.7%, outperforming global light vehicle production (LVP) by 1.4% [4][7]. - The company performed well in Asia (excluding China) and Europe, but underperformed in China and the Americas due to lower LVP driven by weaker vehicle sales [6][9]. Profitability - Despite declining sales, Autoliv improved its profitability, with gross profit margin increasing to 18.2% from 17.0% year-over-year, and adjusted operating profit margin rising to 8.5% from 8.0% [13][12]. - The primary driver of profitability improvements was cost reduction measures, including a 5% reduction in headcount [13][12]. Guidance and Outlook - For the full year 2024, the company anticipates around 2% organic sales growth, with a negative FX effect of about 1% on net sales [10]. - The adjusted operating margin is expected to be between 9.5% and 10.0%, with operating cash flow projected at approximately $1.1 billion [10]. Valuation - Autoliv's stock is currently trading at a significant discount compared to the consumer discretionary sector median and its own historical valuation, making it attractive from a valuation perspective [14][18]. - The company has been returning value to shareholders through dividends and share buybacks, with a current quarterly dividend of $0.68, corresponding to an annual yield of 2.8% [16][18]. Conclusion - The stock price decline is attributed to slowing sales, a challenging macroeconomic environment, unfavorable FX developments, and missing analyst estimates [19]. - Potential interest rate cuts in the U.S. could positively impact consumer confidence and demand for automobiles, which may benefit Autoliv [19]. - Overall, the stock is considered attractive for long-term investors [20].
Autoliv: 2024 Outlook Is Uninspiring But Things Could Get Better
Seeking Alpha· 2024-07-22 16:21
Core Viewpoint - Autoliv, Inc. is currently rated as a Hold due to disappointing Q2 performance and unfavorable 2024 guidance, although there are potential improvements expected from cost management and sales growth in the Chinese market [1][9]. Financial Performance - Autoliv's Q2 2024 revenue decreased by 1.1% year-over-year to $2,605 million, marking a 4.6% miss against market expectations of $2.73 billion [3]. - The company's normalized earnings per share (EPS) for Q2 2024 was $1.87, reflecting a 2.9% decline year-over-year and a 15.5% shortfall compared to analysts' consensus of $2.21 [3][4]. - Autoliv's operating margin for Q2 2024 was 4.84%, which was 138 basis points below the consensus forecast, with a year-over-year improvement narrowing from 252 basis points in Q1 2024 to 44 basis points [4]. Full-Year Guidance - The company revised its FY 2024 organic revenue growth guidance down from 5% to 2%, and the operating margin guidance was lowered from 10.5% to 9.75% [6]. - Autoliv's updated outlook assumes a global light vehicle production decline of around 3%, which is worse than the previously expected 1% decline, negatively impacting sales and operating margins [6]. Cost Management Initiatives - Autoliv is on track with its structural cost reduction activities, aiming to double annual cost savings from $50 million this year to $100 million next year, and eventually to $130 million [7]. - The company's gross margin improved by 1.3 percentage points quarter-over-quarter and 1.2 percentage points year-over-year to 18.2% in Q2 2024, indicating progress in cost management [7]. Market Position in China - Autoliv's sales in China from domestic OEMs increased to 38% in Q2 2024, up from 20% in Q1 2022, reflecting a strategic shift towards domestic manufacturers [8]. - The company reported a 39% year-over-year and 25% quarter-over-quarter increase in sales generated from Chinese OEMs, suggesting a potential for improved performance in the Chinese market [8]. Valuation Insights - Autoliv is currently trading at a normalized P/E of 11.1 times, with a consensus FY 2023-2028 normalized EPS CAGR forecast of 12.6 times, resulting in a PEG ratio of 0.88 times, indicating a 12% discount to a fair PEG multiple of 1 [9].
Autoliv (ALV) Q2 Earnings Miss Expectations, Guidance Revised
ZACKS· 2024-07-22 14:21
Core Insights - Autoliv Inc. reported second-quarter 2024 adjusted earnings of $1.87 per share, missing the Zacks Consensus Estimate of $2.44 and reflecting a 3% year-over-year decline [1] - The company’s net sales for the quarter were $2.61 billion, falling short of the Zacks Consensus Estimate of $2.77 billion and decreasing by 1.1% year over year [1] - Organic sales increased by 0.7% year over year but were below the expected 5.6% due to reduced light vehicle production in the Americas and China [1] Segmental Performance - Airbags and Associated Products segment sales totaled $1.75 billion, missing projections of $1.87 billion and declining by 0.6% year over year, with notable declines in passenger and knee airbags [2] - Seatbelts and Associated Products segment sales reached $858 million, down 2.2% from the prior year and below the expected $909 million, primarily due to decreased organic sales in the Americas and China [2] - Regional sales in the Americas were $893 million, missing estimates of $971.3 million and decreasing by 2.6% year over year [2] - European sales totaled $761 million, missing forecasts of $787.7 million but increasing by 1.4% year over year [2] - Sales in China were $468 million, below projections of $525.3 million and down 5.9% year over year [3] - Sales in the Rest of Asia amounted to $483 million, up 2.6% year over year but missing the expected $498 million [3] Financial Position - As of June 30, 2024, Autoliv had cash and cash equivalents of $408 million and long-term debt of $1.54 billion [4] - The operating cash flow for the quarter was $340 million, with capital expenditures of $146 million, resulting in a free cash flow of $194 million [4] - The company paid a dividend of 68 cents per share and repurchased $1.31 million shares during the quarter [4] Revised 2024 Guidance - Autoliv revised its full-year 2024 organic sales growth forecast to around 2%, down from the previous expectation of 5% [5] - The adjusted operating margin is now anticipated to be in the range of 9.5-10%, reduced from the earlier projection of 10.5% [5] - Operating cash flow expectations for 2024 have been lowered to $1.1 billion from $1.2 billion [5]