Autoliv Inc. said its normalized net income for the fourth quarter came to $1.68 per share, compared with the S&P Capital IQ consensus estimate of $1.84 per share.
EPS declined 11.0% year over year from $1.89.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $148.8 million, a decrease of 10.8% from $166.9 million in the prior-year period.
The normalized profit margin declined to 5.7% from 6.6% in the year-earlier period.
Total revenue increased on an annual basis to $2.60 billion from $2.52 billion, and total operating expenses rose 5.6% on an annual basis to $2.36 billion from $2.24 billion.
Reported net income fell 20.0% year over year to $148.5 million, or $1.67 per share, from $185.6 million, or $2.10 per share.
For the year, the company's normalized net income totaled $5.93 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $6.84.
EPS rose from $5.37 in the prior year.
Normalized net income was $524.3 million, an increase from $474.7 million in the prior year.
Full-year total revenue grew on an annual basis to $10.07 billion from $9.17 billion, and total operating expenses increased year over year to $9.20 billion from $8.36 billion.
The company said reported net income rose on an annual basis to $567.5 million, or $6.42 per share, in the full year, from $457.0 million, or $5.17 per share.
