The latest announcement is out from Autoliv ( (ALV) ).
Autoliv’s Q3 2024 financial report reveals a slight 1.6% decrease in net sales to $2,555 million, yet maintained strong profitability with an 8.9% operating margin. Despite global challenges, Autoliv outperformed light vehicle production declines, particularly in Europe and Asia, excluding China. The company highlighted successful cost control measures, contributing to a 6% reduction in direct headcount, and continues to anticipate a 1% organic sales growth for the full year, with a robust $1.1 billion operating cash flow on track.
For a thorough assessment of ALV stock, go to TipRanks’ Stock Analysis page.
