Autoliv Q4 Operating Profit Up, But EPS Down - Quick Facts

(RTTNews) - Autoliv Inc.'s (ALV) fourth-quarter 2013 operating income advanced 16.3% year-over-year to $202.7 million, from $174.3 million. However, on a per share basis, earnings stood at $1.04, down 28.3%, versus last year's $1.45; while adjusted earnings per share for the latest quarter were $1.70. On average, 13 analysts polled by Thomson Reuters expected earnings per share of $1.53 for the quarter. Analysts' estimates typically exclude one-time items.

Quarterly consolidated sales of $2.35 billion, were 14.6% higher than the prior year's $2.05 billion, whereas 11 analysts estimated revenues of $2.24 billion for the period. Three-month organic sales grew nearly 15%, exceeding the firm's guidance for organic sales growth of over 9%.

For the first quarter 2014, the company expects organic sales to grow by around 7%, and an adjusted operating margin of around 8%. The indication for the full year is for organic sales growth of around 5%, and an adjusted operating margin of around 9%.