Autoliv, Inc. - ALV STOCK NEWS

Autoliv (NYSE: ALV) reported strong Q1 2021 results with $2,242 million in net sales, reflecting a 17.9% organic sales growth. The company achieved an operating margin of 10.6% and a remarkable 108% increase in EPS at $1.79. Full-year guidance includes around 20% organic sales growth. Key developments include improved operating income and cash flow, alongside a reduction in net debt, resulting in a leverage ratio of 1.4x. Despite challenges from rising raw material costs and supply chain issues, the company remains confident in its growth trajectory.

Autoliv plans to publish its Q1 2021 Financial Report on April 23, 2021, at 12:00 CET. The report will be accessible on www.autoliv.com. A teleconference featuring President & CEO Mikael Bratt will occur from 14:00 to 15:00 CET on the same day. Investors can join the Q&A session by phone or through a webcast. An audio replay will be available until May 24, 2021, alongside a transcript on the company’s investor relations page.

Autoliv, Inc. (NYSE: ALV) announced its nominees for the 2021 Annual Stockholders Meeting, introducing Martin Lundstedt, President and CEO of AB Volvo, as a new nominee for the Board of Directors. The Board has also confirmed that current members James Ringler and David Kepler will not stand for re-election, resulting in a Board reduction to eleven members. The virtual meeting is scheduled for May 12, 2021, with a record date of March 15, 2021, for stockholder voting. The company emphasizes its leadership in automotive safety systems, with a focus on saving lives through its products.

On January 26, 2021, Autoliv reported record Q4 2020 results with $2,517 million in net sales, reflecting a 12.7% organic growth. The operating margin stood at 12.2%, while adjusted EPS increased 21% to $2.15. For FY 2021, the company indicates around 25% net sales growth and 20% organic growth. Notably, operating cash flow reached a record $469 million. However, the outlook remains cautious due to expected lower light vehicle production and rising raw material costs.

Autoliv, Inc. (NYSE: ALV) has appointed Mr. Frédéric Lissalde as an independent member of its Board of Directors effective December 8, 2020. This addition expands the board from eleven to twelve members. Lissalde is President and CEO of BorgWarner Inc., bringing extensive industry experience. His appointment is seen as a significant enhancement to Autoliv's leadership at a critical time for the automotive sector. He will serve until the 2021 Annual General Meeting and join the Leadership Development and Compensation Committee.

Autoliv reported its Q3 2020 financial results, highlighting $2,037 million in net sales, a 0.4% organic sales growth, and an 8.6% operating margin. Earnings per share (EPS) increased to $1.12, up $0.14 from Q3 2019. Despite a projected 14.5% decline in net sales for the full year, organic sales outperformed global light vehicle production across all major regions. The adjusted operating margin reached 10.1%, with significant cash flow improvements reported. The company continues to optimize operations while navigating the impacts of COVID-19.

Autoliv, Inc. (NYSE: ALV) announced the promotion of Colin Naughton to President of Asia, effective November 1. Naughton, who joined Autoliv in 1995, has a strong background in leadership across various roles in Asia. He will relocate from Thailand to Japan to oversee the division. Brad Murray, the current President, will transition to a Senior Advisor role until the end of 2020 after a 33-year career in Asia. This leadership change aims to maintain operational excellence and further strengthen Autoliv's position in the Asian market.

Autoliv, Inc. (NYSE: ALV) announced the appointment of Laurie Brlas as an independent director, effective August 3, 2020. This expands the Board from ten to eleven members. Brlas, a CPA, brings extensive experience as the former CFO of Newmont Mining and has held leadership roles at Cliffs Natural Resources and STERIS Corporation. She currently serves on several corporate boards. The Chairman, Jan Carlson, expressed confidence in her ability to contribute valuable insights amidst challenging market conditions.

Autoliv (NYSE: ALV) reported a challenging Q2 2020 with net sales of $1,048 million, a 51% decline year-over-year. The operating margin fell to (22.3%) and adjusted EPS dropped to $(1.40), marking a 201% decline from the previous year. Despite a significant downturn in organic sales, the company’s cash position remains strong at $1.7 billion. The Structural Efficiency Program aims for $65 million in annual cost reductions. Although the pandemic's impact is severe, operating cash flow turned positive in June, indicating some recovery.