Autoliv, Inc. - ALV STOCK NEWS

Autoliv (NYSE: ALV) reported Q2 2024 results with net sales of $2,605 million, a 1.1% decrease year-over-year. The company achieved 0.7% organic sales growth, outperforming the global light vehicle production decline of 0.7%. Operating margin improved to 7.9%, with adjusted operating margin reaching 8.5%. EPS increased by 178% to $1.71, while adjusted EPS decreased by 3% to $1.87. Operating cash flow remained strong at $340 million.

Autoliv updated its full-year 2024 guidance, projecting around 2% organic sales growth and an adjusted operating margin of 9.5-10.0%. The company continues to focus on cost reductions and improving profitability, expecting a significant increase in the second half of the year with an adjusted operating margin of around 11-12%.

Autoliv (NYSE: ALV), a global leader in automotive safety systems, announced that as of June 28, 2024, the total number of issued shares decreased to 84,816,615, with 80,079,757 shares outstanding. This reduction follows the retirement of 1,309,606 repurchased shares. Autoliv now holds 4,736,858 treasury shares, which carry no voting or distribution rights under Delaware law. The company, which reported $10.5 billion in sales for 2023, emphasizes its commitment to mobility safety, having saved 35,000 lives and reduced 450,000 injuries last year.

On June 21, 2024, coinciding with World Motorcycle Day, Autoliv (NYSE: ALV) and the UN Road Safety Fund (UNRSF) announced the renewal of their partnership aimed at enhancing global motorcycle safety. This collaboration supports the UN Sustainable Development Goal 3.6, which aims to reduce road traffic fatalities and injuries by 2030, and aligns with Autoliv's objective of saving 100,000 lives annually. Key initiatives will focus on reducing the global burden of motorcycle-related fatalities, which constitute 21% of global road traffic deaths. Autoliv and UNRSF will share insights and data to drive necessary changes and improvements in motorcycle safety. A roundtable discussion co-hosted by both parties on June 25, 2024, will explore critical motorcycle safety issues and solutions. The renewed effort is also a step towards the Road to Morocco High-Level Pledging Forum in February 2025.

Autoliv will release its Q2 2024 Financial Report on July 19, 2024, at 12:00 CET. A teleconference is scheduled the same day from 14:00 to 15:00 CET, featuring Mikael Bratt, President & CEO. The report will be accessible on the company's website. Attendance to the webcast and phone conference requires registration through provided links. The audio replay and transcript will be available post-conference on Autoliv's investor webpage.

Autoliv (NYSE: ALV), a global leader in automotive safety solutions, has introduced airbag cushions made from 100% recycled polyester. The new material reduces greenhouse gas emissions by about 50% at the polymer level.

This initiative aligns with Autoliv's goal to achieve net-zero emissions across its supply chain by 2040. The company has collaborated with key supply chain partners to develop and test the recycled polyester, ensuring it meets safety standards. The technology is now available for global customers, marking a significant step toward sustainability.

Chief Technology Officer Jordi Lombarte emphasized Autoliv's commitment to climate action and circularity.

Autoliv, a global leader in automotive safety systems, has partnered with XPENG AEROHT, Asia's leading flying car innovator, to develop safety solutions for flying cars. This strategic agreement aims to combine Autoliv's expertise in safety with XPENG AEROHT's advanced flying car technology. The collaboration seeks to pioneer innovative safety measures, ensuring the highest safety standards for future mobility solutions.

Both companies are committed to revolutionizing the flying car industry, with Autoliv's President, Sng Yih, emphasizing the potential of this partnership to make flying cars a reality. XPENG AEROHT's President, Deli Zhao, highlighted that the collaboration represents a significant upgrade to their supply chain and aims to create the safest electric flying car for users.

The partnership underscores the companies' dedication to leveraging innovation and collaboration to capture new mobility opportunities and set high safety standards for the emerging flying car market.

Autoliv, Inc. announced the results of its 2024 Annual General Meeting of Stockholders, including the election of directors, approval of executive compensation, and appointment of an auditing firm. The company is a global leader in automotive safety systems, saving lives and reducing injuries through its products and solutions.

Autoliv, Inc. (NYSE: ALV) declared a quarterly dividend of 68 cents for the second quarter of 2024. The dividend will be payable to holders of record on May 23, with different payment dates for stockholders on NYSE and Nasdaq Stockholm. Autoliv is a global leader in automotive safety systems, focusing on saving lives through innovative safety solutions.

Autoliv reported strong financial results for Q1 2024 with a 5% increase in net sales and organic sales growth. The company achieved a 7.4% operating margin and a 77% increase in EPS. Key business developments included record sales, improved profitability, and strong cash flow. Autoliv's return on capital employed was 19.7%, and the company is on track to meet full-year guidance. Investments in capacity expansion in Vietnam, China, and India are planned to support future growth.