Autoliv Q1 2023: sales $2.49B (+21% organic), adj. op. margin 5.3% vs 3.2% YoY, adj. EPS $0.90 (+99%)

AUTOLIV INC

2023-Q1 EPS reported $0.86 revenue$2,493,000,000

Q1 net sales $2,493M (+17% reported, +21% organic); global LVP grew 6.1%; Autoliv outperformed by 15pp.
Adjusted operating income $131M (margin 5.3% vs 3.2% YoY); GAAP operating income $127M (margin 5.1%).
Adjusted EPS $0.90 (+99% YoY); GAAP EPS $0.86 (-8.8%).
Full year guidance: organic sales ~+15%, adj. operating margin 8.5%-9.0%, operating cash flow ~$900M.
Free cash flow -$189M; capex net $143M; dividend $0.66/share paid; share repurchases $42M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AUTOLIV INC updated its full year 2023 guidance (initiated).

Period: full year 2023
Guidance: initiated
Result: guidance update

Exact text from the filing

Full year 2023 indications Our outlook indications for 2023 are mainly based on our customer call-offs, a full year 2023 global LVP growth of around 3%, that we achieve our targeted cost compensation effects and that customer call-off volatility is reduced. Full Year Indication Full Year Indication Organic sales growth Around 15% Tax rate 2) Around 32% FX impact on net sales Around 1% negative Operating cash flow 3) Around $900 million Adjusted operating margin 1) Around 8.5%-9% Capex, net, of sales Around 6%

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AUTOLIV INC reported first quarter of 2023 results: revenue $2,493 million, EPS $0.86.

Period: first quarter of 2023
Revenue: $2,493 million
EPS: $0.86
Result: reported results

Exact text from the filing

Financial Report January – March 2023 Q1 2023: Strong sales growth Financial highlights Q1 2023 $2,493 million net sales 17% net sales increase 21% organic sales increase* 5.1% operating margin 5.3% adjusted operating margin* $0.86 EPS - 9% decrease $0.90 adjusted EPS* - 99% increase

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AUTOLIV INC filing history →

Source: SEC EDGAR

accession 0000950170-23-013741

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