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![AUTOLIV INC [ALV] reports annual net loss of $489.0 million](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FALV.png&w=1200&q=75)
AUTOLIV INC [ALV] has reported a net loss of $489.0 million for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $10.5 billion
Based in OGDEN, Utah, AUTOLIV INC operates in the MANUFACTURING sector.
In the annual report for the 12 months ended December 31, 2023, compared to the same period in 2022 and 2021, the financial performance of the company reflected the following:
- Net sales for the current period were $10.475 billion, an increase from $8.842 billion in 2022 and $8.230 billion in 2021.
- Cost of sales for the current period amounted to ($8.654) billion, compared to ($7.446) billion in 2022 and ($6.719) billion in 2021.
- The gross profit for the current year reached $1.822 billion, higher than the $1.396 billion in 2022 and $1.511 billion in 2021.
- Operating income for the 12-month period stood at $690 million, slightly up from $659 million in 2022 and $675 million in 2021.
- Net income attributable to controlling interest totaled $488 million for 2023, compared to $423 million in 2022 and $435 million in 2021.
- The earnings per share (EPS) for basic calculation was $5.74 for the current period, an increase from $4.86 in 2022 and $4.97 in 2021.
- The diluted EPS was $5.72, $4.85, and $4.96 for 2023, 2022, and 2021, respectively.
Overall, the company demonstrated growth in net sales, gross profit, and earnings per share in the reported year compared to the previous two years, reflecting a positive trend in financial performance.
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