Autoliv (ALV) Misses Q3 EPS by 13c ; Provides Outlook

Autoliv (NYSE: ALV) reported Q3 EPS of $1.84, $0.13 worse than the analyst estimate of $1.97. Revenue for the quarter came in at $2.55 billion versus the consensus estimate of $2.53 billion.

Outlook:-

With the seasonally strong fourth quarter remaining of the year, we reaffirm our guidance of around 9.5-10.0% adjusted operating margin for 2024. We expect to be at the low end of this range, as we now expect full year 2024 organic growth to be 1% instead of previously expected 2% due to the unfavorable market mix development.

Our operating cash flow is on track towards the full year guidance of $1.1 billion and our balance sheet remains strong with a debt leverage of 1.4x, which supports our continued commitment to a high level of shareholder returns and our financial targets.

For earnings history and earnings-related data on Autoliv (ALV) click here.

You May Also Be Interested In

• NIO Inc. (NIO) Tops Q2 EPS by 33c; offers guidance
• United Community Banks completes $2B Navitas sale to Wafra
• Stifel Starts GlobalFoundries Inc. (GFS) at Buy, Top Pick