Autoliv Q4 Sales Jump 18% On Growth Across All Regions Except China, CEO Says Seasonality Of Past Years To Be Repeated
Portfolio Pulse from Nabaparna Bhattacharya
Autoliv, Inc. (NYSE:ALV) reported an 18% increase in Q4 FY23 sales to $2.751 billion, with adjusted EPS of $3.74 surpassing estimates of $3.27. Growth was seen in all regions except China, attributed to new product launches and higher prices. Adjusted operating margin improved to 12.1%, and operating income rose 43% to $334 million. The company anticipates repeating past seasonality in 2024 and expects FY24 organic sales growth of 5% and operating cash flow of around $1.2 billion. ALV shares rose 4.97% to $108.76.
January 26, 2024 | 4:01 pm
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POSITIVE IMPACT
Autoliv's Q4 FY23 results exceeded expectations with significant sales growth and a strong EPS beat. The company's positive performance and optimistic outlook for FY24, including a solid order intake, are likely to bolster investor confidence.
The positive earnings report and the company's strong performance in all regions except China, along with a favorable outlook for FY24, are likely to have a positive impact on Autoliv's stock price in the short term. The share price increase on the last check further supports this assessment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100