ALV Stock Recent News

Autoliv (ALV) reports lower-than-expected second-quarter results and expects full-year 2024 organic sales growth of around 2%, down from the earlier expectation of 5%.

Autoliv, Inc ALV reported worse-than-expected second-quarter financial results and lowered the outlook on Friday.

Shares of Autoliv (ALV) sank Friday as the world's largest maker of seatbelts and airbags for cars and trucks posted worse-than-expected results and slashed its guidance because of a slowdown in auto sales.

STOCKHOLM , July 19, 2024 /PRNewswire/ --  (NYSE: ALV) and (SSE: ALIV.sdb) Financial highlights Q2 2024 Full year 2024 guidance $2,605 million net sales Around 2%  organic sales growth 1.1% net sales decrease Around 1% negative  FX effect on net sales 0.7% organic sales growth* Around 9.5-10.0%  adjusted operating margin 7.9% operating margin Around $1.1 billion  operating cash flow 8.5% adjusted operating margin* $1.71 EPS, 178% increase $1.87 adjusted EPS*, 3% decrease All change figures in this release compare to the same period of the previous year except when stated otherwise.   Key business developments in the second quarter of 2024 Second quarter sales increased organically* by 0.7%, which was 1.4pp better than global LVP decline of 0.7% (S&P Global July 2024).

While the top- and bottom-line numbers for Autoliv (ALV) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Autoliv, Inc. (ALV) came out with quarterly earnings of $1.87 per share, missing the Zacks Consensus Estimate of $2.44 per share. This compares to earnings of $1.93 per share a year ago.

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STOCKHOLM , June 21, 2024 /PRNewswire/ -- On World Motorcycle Day, June 21, Autoliv, Inc. (NYSE: ALV) (SSE: ALIV-SDB), the worldwide leader in automotive safety systems, and the UN Road Safety Fund (UNRSF) announced the renewal of their collaboration to enhance motorcycle safety globally. The collaboration supports UN Sustainable Development Goal 3.6 which aims to reduce road traffic fatalities and injuries by 2030, and Autoliv's goal of saving 100,000 lives annually.