Autoliv, Inc. (ALV) reported net income of $125 million, or $1.29 per share, and pre-tax income of $170 million for the first quarter. On average, 10 analysts polled by Thomson Reuters expected earnings per share of $1.23 for the quarter. Analysts' estimates typically exclude one-time items.
For the recent quarter, operating income totaled $182 million with an operating margin of 8.5%, including costs for the antitrust investigations and capacity alignments totaling almost $5 million.
Consolidated sales declined 2% to $2.135 billion and organic sales by slightly less than 1%. Analysts estimated revenues of $2.10 billion for the quarter.
Looking forward to the second quarter, Autoliv's consolidated and organic sales are expected to grow by around 3%. The indication for the full year 2013 is for an organic sales growth in the range of 2% to 4%, a slight upward revision of the previous indication of 1% to 3%. The indication for an operating margin of around 9%, excluding costs for capacity alignments and antitrust investigations, remains unchanged.
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