secwatch.observer — SEC 8-K summary
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Issuer:     AUTOLIV INC (ALV)
CIK:        0001034670
Form:       8-K
Filed at:   2023-07-21T23:59:59+00:00
Accession:  0000950170-23-033744
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Autoliv Q2 2023: Record sales $2.64B, adj. operating margin 8.0%, full-year guidance reaffirmed
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- Q2 net sales $2,635M (+27% reported, +27% organic); operating income $94M (3.6% margin), adjusted operating income $212M (8.0% margin).
- GAAP EPS $0.61 (-32% YoY); adjusted EPS $1.93 (+115% YoY) driven by price increases, volume growth, cost savings.
- Operating cash flow $379M vs -$51M YoY; free cash flow $255M.
- Full-year 2023 indications: organic sales growth ~15%, adj. operating margin ~8.5%-9%, operating cash flow ~$900M.
- Announced structural cost reduction program: ~$25M 2024, ~$55M 2025, ~$75M full run-rate; settled Andrews litigation for $8M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1034670/000095017023033744/0000950170-23-033744-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1034670/000095017023033744/alv-20230721.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-033744

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