Autoliv Q1 Profit Decreases - Quick Facts

(RTTNews) - Autoliv Inc. (ALV) - the worldwide leader in automotive safety systems - reported that first-quarter net income attributable to controlling interest decreased year-over-year to $35.7 million from $130.3 million. Earnings per share was $0.40 compared to $1.38. EPS was negatively affected by 97 cents mainly from higher costs for capacity alignments and antitrust matters. Adjusted earnings per share was $1.42, for the quarter.

On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $1.31 for the quarter. Analysts' estimates typically exclude special items.

Net sales were $2.17 billion, compared to $2.30 billion, prior year. Analysts expected revenue of $2.19 billion, for the quarter. Quarterly organic sales grew by close to 4%.

For the second quarter of 2015, the company expects organic sales to increase by around 6% and an adjusted operating margin of around 9%. The expectation for the full year is for organic sales growth of more than 6% and an adjusted operating margin of around 9.5%.