
Autoliv Inc. reported strong first-quarter results, with adjusted earnings per share (EPS) of $2.15, surpassing analysts' expectations of $1.67. The company's revenue also exceeded forecasts, reaching $2.578 billion compared to a consensus estimate of $2.51 billion. CEO Mikael Bratt emphasized the company's robust sales performance and resilience in the face of tariff challenges, particularly in North America. Despite a 1.4% decrease in net sales year-over-year, Autoliv achieved a 2.2% organic sales growth. The company also reported a 9.9% operating margin and announced plans for a 2% organic sales growth for the full year, although it anticipates a 3% negative impact from foreign exchange on net sales. Following the earnings report, Barclays upgraded Autoliv's stock rating from Equal Weight to Overweight.
$ALV Autoliv Q1 Adj $2.15 Beats $1.67 Estimate Sales $2.58B Beat $2.52B Estimate
$ALV Earnings: - $2,578 million net sales - 1.4% net sales decrease - 2.2% organic sales growth - 9.9% operating margin - 9.9% adjusted operating margin - $2.14 diluted EPS, 41% increase - $2.15 adjusted diluted EPS, 37% increase Comments from Mikael Bratt, President & CEO: https://t.co/HnQqi56ReS
Just in: Autoliv $ALV upgraded to Overweight from Equal Weight at Barclays. The company projects FY25 organic sales growth of 2%, with a 3% negative FX impact on net sales and a 10-10.5% adjusted operating margin.