Autoliv Inc Stock Price, News & Analysis

On November 8, 2022, Autoliv, Inc. (NYSE: ALV) announced a 3% increase in its quarterly dividend to 66 cents per share, up from 64 cents. This reflects the company's commitment to enhancing shareholder value, with the new dividend payable on December 9, 2022, to shareholders of record by November 22, 2022. The increase marks the second consecutive annual rise since the dividend was reinstated in Q2 2021, supported by Autoliv's strong balance sheet and cash flow. The ex-dividend date is set for November 21, 2022.

Autoliv, Inc. (NYSE: ALV) is pioneering motorcycle safety with innovative products, including the world's first motorcycle helmet featuring an integrated airbag. In collaboration with AIROH, these advancements aim to reduce injuries for riders. The offerings will be revealed at the EICMA trade fair in Milan, Italy, from November 8-13, 2022. Autoliv's holistic approach combines advanced airbag technology for both riders and vehicles, significantly lowering head, neck, and chest injury risks during collisions. This initiative underscores Autoliv's commitment to enhancing rider safety based on real-world data.

Autoliv China, part of Autoliv, Inc. (NYSE: ALV), has partnered with Geely Auto Group to develop advanced safety technologies for future vehicles. Announced on October 24, 2022, this strategic cooperation aims to accelerate the launch of 16 cutting-edge safety technologies, including intelligent steering and a 360° occupant safety system. Both companies emphasize their commitment to sustainability and innovation in a rapidly evolving automotive industry, with previous collaborations leading to significant safety advancements since 2002.

Autoliv reported strong Q3 2022 results, achieving $2,302 million in net sales, a 25% increase year-over-year. Organic sales rose 32%, outperforming global light vehicle production growth. Operating margin improved to 7.4%, with $1.21 EPS marking a 78% increase. Full-year indications suggest around 15% organic sales growth despite a 6% negative FX impact. Improved operating cash flow of $232 million and a leverage ratio of 1.6x highlight a strong financial position.

Autoliv (NYSE: ALV) announced its adaptation to new business conditions amid inflation and supply chain disruptions. The company has begun seeing results from price increase negotiations with customers designed to offset inflation. Although global light vehicle production (LVP) has been impacted by supply issues and COVID-19 restrictions in China, projections indicate a potential recovery in the second half of 2022, driving overall LVP growth to around 5% for the year. Autoliv reiterated its full-year sales growth expectations of 12-17% and an adjusted operating margin of 5.5%-7.0%.

Autoliv (NYSE: ALV) showcased its powered two-wheeler airbags during a crash test attended by Malaysia's Minister of Transport on May 23, 2022. This test aligns with the tenth anniversary of Malaysia's MIROS laboratory, which focuses on road safety. Autoliv's partnership with MIROS aims to enhance motorcycle safety in Malaysia, where motorcycle crashes represented 66% of traffic fatalities in 2021. Autoliv's commitment to saving lives is evident in their goal to protect vulnerable road users and fulfill UN Sustainable Development Goal #3.

On May 23, 2022, Autoliv (NYSE: ALV) announced the successful refinancing of its existing $1.1 billion revolving credit facility. The new agreement has a five-year maturity and includes two one-year extension options. This arrangement was made with 11 banks and does not impose any financial covenants on Autoliv. The company plans to file the full agreement with the SEC in July 2022. Autoliv remains a leader in automotive safety systems, with 2021 sales totaling $8.2 billion and products that saved an estimated 35,000 lives.

Autoliv, the global leader in automotive safety systems, held its 2022 Annual General Meeting on May 10, 2022. Shareholders approved the election of 11 directors for a one-year term, including Mikael Bratt and Jan Carlson, and ratified the appointment of Ernst & Young as the independent auditing firm for the fiscal year ending December 31, 2022. Additionally, a non-binding resolution regarding executive compensation was approved. The board established its committee memberships, with Jan Carlson serving as the independent Chairman.

Autoliv (NYSE: ALV) reported $2,124 million in net sales for Q1 2022, marking a 5.3% decline year-over-year. Organic sales dropped 1.0%, while EPS stood at $0.94, down $0.85 from the previous year. Operational challenges included raw material costs and supply chain disruptions, leading to a 4.2 percentage point decline in operating margin, now at 6.3%. For the full year, projected organic sales growth is 12%-17% with an estimated operating cash flow of $750-850 million.