earnings
confidence high
sentiment positive
materiality 0.75
Autoliv Q3 net sales $2.6B, adj op margin 9.4%; raises FY organic growth view to ~17%
AUTOLIV INC
2023-Q3 EPS reported
$3.04
revenue$7,724,000,000
- Q3 net sales $2,596M (+13% YoY); organic growth 11% vs LVP growth of 3.8%.
- Adjusted operating margin 9.4% (up 1.8pp YoY); EPS $1.57, adj EPS $1.66.
- FY 2023 indications raised: organic sales growth ~17%, adj operating margin ~8.5%-9.0%.
- UAW strike had $2M Q3 lost sales; current weekly impact ~$6M assuming no prolonged strike.
- 1.23M shares repurchased and retired in Q3; dividend of $0.66/share paid.