Autoliv misses by $0.13, reports revs in-line (90.17)
- Reports Q3 (Sep) earnings of $1.66 per share, excluding non-recurring items, $0.13 worse than the FactSet Consensus of $1.79; revenues rose 12.8% year/year to $2.6 bln vs the $2.61 bln FactSet Consensus.
- Profitability improved substantially, positively impacted by price increases, organic growth, and our cost reduction activities. Operating income was $232 million and operating margin was 8.9%. Adjusted operating income improved from $173 million to $243 million and adjusted operating margin* increased from 7.5% to 9.4%, despite inflationary pressure and adverse FX effects.
- Return on capital employed was 24% and adjusted return on capital employed* was 25%.