earnings
confidence high
sentiment neutral
materiality 0.75
Autoliv Q3 EPS up 11% but trims organic sales growth guidance to ~1%, margin at low end
AUTOLIV INC
2024-Q3 EPS reported
$4.98
revenue$7,774,000,000
- Q3 net sales $2,555M (-1.6% reported, -0.8% organic); LVP declined 4.8% globally; outperformance of 4pp.
- Diluted EPS $1.74 (+11%); adjusted diluted EPS $1.84 (+11%). Adjusted operating margin 9.3% (-0.1pp).
- Full-year 2024 organic sales growth revised to ~1% (from ~2%); adjusted operating margin guidance lowered to ~9.5-10.0% (low end).
- Operating cash flow $177M; free cash flow $32M. $14M supplier settlement cost weighed on gross profit.
- Share repurchases of 1.33M shares in Q3; direct headcount down 6% YoY (3,100 reduction).