Autoliv Inc. - ALV STOCK NEWS

Autoliv, Inc. announced the retirement of 1,370,057 shares of common stock, resulting in a decrease in issued shares. The company now has 86,126,221 issued shares, with 81,373,679 shares outstanding. Autoliv holds 4,752,542 shares in treasury with no voting rights.

Autoliv, Inc. (ALV) has filed its 2023 Annual Report on Form 10-K and annual sustainability report with the SEC and Swedish Financial Supervisory Authority. Shareholders can access the reports online and request hard copies for free. Contact details for inquiries are provided.

Autoliv, Inc. declares a quarterly dividend of 68 cents for the first quarter of 2024. The dividend will be payable on March 27, 2024, for holders of Autoliv common stock on the NYSE and on March 28, 2024, for holders of Autoliv Swedish Depository Receipts on Nasdaq Stockholm.

Autoliv (ALV) reported record sales and strong profitability in Q4 2023, with a 18% increase in net sales and 16% organic sales growth. The company's operating margin was 8.6% and adjusted operating margin was 12.1%, with a 51% increase in EPS and 105% increase in adjusted EPS. The full year 2024 guidance includes around 5% organic sales growth, 10.5% adjusted operating margin, and around $1.2 billion operating cash flow. Despite outperforming in all regions except China, the company faced challenges in the Chinese market due to lower safety content for global OEMs. The company also saw improvements in operating cash flow and leverage ratio, with a dividend increase of 3% and $207 million returned to shareholders as dividends and share repurchases. The company's CEO indicated that 2023 performance exceeded expectations, with strong order intake and improved gross margin. The company's sustainability agenda also yielded positive results in GHG emissions, renewable electricity use, and incident rate. The company expects a seasonality pattern in 2024, with an expected Q1 adjusted operating margin of around 7% and gradual quarterly improvements leading to a full year 2024 adjusted operating margin of around 10.5%.

Autoliv, Inc. announces upcoming changes to its Swedish Depository Receipts (SDRs) following Euroclear Sweden's termination of its agreement to act as Withholding Agent. The SDRs will receive a new ISIN code as of February 29, 2024, with updated terms and conditions. Skandinaviska Enskilda Banken (SEB) will assume the role as Withholding Agent. The record date for the ISIN change is February 29, 2024, and the last day of trading for the current ISIN code is February 27, 2024.

Autoliv, Inc. (NYSE: ALV) and (SSE: ALIV.sdb) announced the retirement of 1,511,933 shares of common stock, resulting in a decrease in the issued shares. The total number of issued shares of common stock is 87,496,531, with 82,642,524 shares outstanding. Autoliv now holds 4,854,007 shares of common stock in treasury with no voting rights or rights to participate in distributions under Delaware law.

Autoliv Inc. (ALV) to Release Q4 2023 Financial Report on January 26, 2024

Autoliv, Inc. (NYSE: ALV) (SSE: ALIV.sdb) announced a 3% increase in its quarterly dividend to 68 cents per share, from 66 cents, for Q4 2023. This marks the third consecutive annual 3% increase since the dividend was reinstated in Q2 2021, reflecting the company's commitment to creating competitive shareholder value through its purpose-led strategy and positive cash flow trend.

Autoliv, Inc. announces its intention to reduce headcount in France as part of its global headcount reduction and optimization initiatives. The company aims to adapt and simplify its logistics and geographic footprint to strengthen its competitive position. This action is in response to a lower level of light vehicle production in post-pandemic Europe.