Autoliv Inc Stock Price, News & Analysis

Autoliv (NYSE: ALV) announced several key shareholder initiatives. The company increased its quarterly dividend by 3% to 70 cents per share for Q4 2024, representing an annualized total of approximately $220 million. The Board extended the share repurchase program through 2025, authorizing up to 7.5 million shares or $550 million. Since 2021, Autoliv has returned over $1.6 billion to shareholders, including $950 million for 9.5 million shares repurchased. Additionally, the company will retire 2 million treasury shares in December 2024 and plans to hold its Capital Markets Day on June 3rd, 2025.

Autoliv (NYSE: ALV) reported its Q3 2024 financial results, showing a 1.6% decrease in net sales to $2,555 million and a 0.8% organic sales decline. Despite this, the company outperformed global light vehicle production by 4 percentage points. The operating margin remained stable at 8.9%, with an adjusted operating margin of 9.3%. Diluted EPS increased by 11% to $1.74.

Key highlights include:

• Strong performance in Europe and Asia (excluding China)
• 18% sales growth to domestic Chinese OEMs
• Continued cost reduction efforts, including headcount decrease
• Operating cash flow of $177 million
• Full year 2024 guidance reaffirmed with slight adjustments

Autoliv maintains its commitment to shareholder returns and financial targets, supported by a strong balance sheet with a debt leverage of 1.4x.

Autoliv (NYSE: ALV), the global leader in automotive safety systems, has announced a reduction in its total number of issued shares. As of September 30, 2024, the company's issued shares of common stock stand at 83,487,293, with 78,750,609 shares outstanding. This change resulted from the retirement of 1,329,322 repurchased shares during the quarter.

Autoliv now holds 4,736,684 shares of common stock in treasury, which have no voting rights or rights to participate in distributions under Delaware law. Each outstanding share of common stock is entitled to one vote. This information was disclosed in compliance with the Swedish Financial Instruments Trading Act.

Autoliv, Inc. (NYSE: ALV), the global leader in automotive safety systems, has appointed Fabien Dumont as Executive Vice President & Chief Technology Officer. Dumont, who has been with Autoliv since 1998, previously served as Vice President Engineering in Autoliv China. He has played a important role in developing innovations for the fast-moving Chinese market, including leading the design and technological transformation of the steering wheel business in China.

Dumont will continue to be based in China, bringing valuable knowledge from this rapidly developing market to the rest of Autoliv. He succeeds Jordi Lombarte, who will continue as Senior Technical Advisor. This strategic move aims to leverage China's growing importance as an innovation and growth hub for the global automotive industry, where technology development is intense and product timelines are faster.

Autoliv, Inc. (NYSE: ALV), the global leader in automotive safety systems, has appointed Adriana Karaboutis as a new independent director to its Board, effective September 16, 2024. This expands the Board from eleven to twelve members. Ms. Karaboutis brings extensive experience from her roles at National Grid PLC, Biogen Inc., Dell, Inc., General Motors, and Ford Motor Company. She has expertise in technology, business solutions, and corporate affairs.

Jan Carlson, Chairman of Autoliv's Board, welcomed Ms. Karaboutis, noting her industry experience and public company leadership as valuable additions during a dynamic time for Autoliv and the automotive industry. Ms. Karaboutis' term will expire at the 2025 Annual General Meeting of Stockholders, coinciding with the expected retirement of Mr. Hasse Johansson.

Autoliv Inc. (NYSE: ALV, SSE: ALIV.sdb), the global leader in automotive safety systems, has declared a quarterly dividend of 68 cents for Q3 2024. The dividend will be paid on September 23, 2024 to NYSE-listed common stock holders and September 24, 2024 to Nasdaq Stockholm-listed SDR holders. The record date is set for September 4, 2024. Autoliv, with a market presence in 25 countries, reported sales of $10.5 billion in 2023 and claims to have saved nearly 35,000 lives and reduced over 450,000 injuries with their products that year. The company focuses on developing and manufacturing automotive safety systems and mobility safety solutions.

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.