MGA earnings
Magna International Inc. (MGA) earnings releases and earnings dates - real-time wire coverage of every quarterly report.
Recent earnings items
- Magna Announces Strong First Quarter Results; Maintains Positive Outlook for 2026Highlights(1) Delivered strong first-quarter 2026 results, reflecting sales growth, disciplined execution, and improved operating performance. Sales increased 3% to $10.4 billion, despite a 7% decline in global light vehicle productionIncome from operations before income taxes was $87 million, including a $485 million loss on assets held for sale related to the announced dispositions of our Lighting and Rooftop Systems businesses within Power & VisionAdjusted EBIT increased 58% to $558 million, with Adjusted EBIT margin expanding 190 basis points to 5.4%Diluted loss per share was $0.04; Adjusted EPS increased 77% to $1.38Returned $575 million to shareholders through share repurchases and d
- Magna International Inc. Announces Date for First Quarter 2026 Results WebcastAURORA, Ontario, April 13, 2026 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA INTERNATIONAL INC.ANNOUNCES DATE FOR FIRST QUARTER 2026 RESULTS WEBCAST FRIDAY, MAY 1, 2026 @ 8:00 AM ET LIVE AUDIO WEBCASTWebcast registration: https://events.q4inc.com/attendee/900636883 DIAL-IN DETAILSParticipant Toll-Free Dial-In: 1-800-715-9871Participant Toll Dial-In: 1-646-307-1963Conference ID: 9829976Slide presentation will be available on our website Investors | Magna prior to the call REBROADCAST INFORMATIONReplay available 2 hours after the call until May 8, 2026Toll-Free Dial-In: 1-800-770-2030Toll Dial-In: 1-609-800-9909Conference ID: 9829976 INVESTOR CONTACTLouis
- Magna International Inc. Announces Date for Q4 & Year End 2025 Results and 2026 Outlook WebcastAURORA, Ontario, Jan. 22, 2026 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA INTERNATIONAL INC. ANNOUNCES DATE FORQ4 & YEAR END 2025 RESULTS and 2026 OUTLOOK WEBCAST FRIDAY, FEBRUARY 13, 2026 @ 8:00 AM ET LIVE AUDIO WEBCASTWebcast registration: https://events.q4inc.com/attendee/415009297 DIAL-IN DETAILSParticipant Toll-Free Dial-In: 1-800-715-9871Participant Toll Dial-In: 1-646-307-1963Conference ID: 9829976Slide presentation will be available on our website Investors | Magna prior to the call REBROADCAST INFORMATIONReplay available 2 hours after the call until February 20, 2026Toll-Free Dial-In: 1-800-770-2030Toll Dial-In: 1-609-800-9909Conference ID: 982997
- Magna Announces Third Quarter 2025 ResultsStrong execution and operational excellence drove improved performanceYear-over-year comparison (third quarter of 2025 versus third quarter of 2024): Sales increased 2% to $10.5 billion, supported by a 3% rise in global light vehicle productionIncome from operations before income taxes was $473 million, down 32%, as the prior year included recognition of Fisker deferred revenue as Other incomeAdjusted EBIT increased 3% to $613 million, with a 10 basis-point improvement in Adjusted EBIT marginDiluted earnings per share were $1.08; Adjusted diluted earnings per share rose 4% to $1.33 Increase 2025 outlook for Sales, Adjusted EBIT Margin, and Adjusted Net Income attributable to Magna, reflectin
- Magna International Inc. Announces Date for Third Quarter 2025 ResultsAURORA, Ontario, Sept. 24, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA INTERNATIONAL INC. ANNOUNCES DATE FOR THIRD QUARTER 2025 RESULTS FRIDAY, OCTOBER 31st, 2025 @ 8:00 AM ET LIVE AUDIO WEBCASTWebcast Registration: https://events.q4inc.com/attendee/726766546 DIAL-IN DETAILSParticipant Toll-Free Dial-In: 1-800-715-9871Participant Toll Dial-In: 1-646-307-1963Conference ID: 9829976Slide presentation will be available on our website Investors | Magna prior to the call REBROADCAST INFORMATIONReplay available 2 hours after the call and will expire November 7th, 2025 @ 11:59 PM EDTToll-Free Dial-In: 1-800-770-2030Toll Dial-In: 1-609-800-9909Conference ID: 9829
- Magna Announces Second Quarter 2025 ResultsStrong second quarter performance reflected disciplined execution and operational excellenceComparing the second quarter of 2025 to the second quarter of 2024: Sales decreased 3% to $10.6 billion, as light vehicle production declined 6% and 2% in North America and Europe, respectivelyIncome from operations before income taxes increased 16% to $496 millionAdjusted EBIT increased 1% to $583 million and Adjusted EBIT margin improved 20 basis points to 5.5%Diluted earnings per share of $1.35 and Adjusted diluted earnings per share of $1.44 increased 24% and 7%, respectively Returned $324 million to shareholders in dividends and share repurchases in the first half of 2025, including $137 million
- Magna International Inc. Announces Date for Second Quarter 2025 ResultsAURORA, Ontario, July 02, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA INTERNATIONAL INC. ANNOUNCES DATE FOR SECOND QUARTER 2025 RESULTS FRIDAY, AUGUST 1st, 2025 @ 8:00 AM EDT LIVE AUDIO WEBCASTWebcast Registration: https://events.q4inc.com/attendee/762762922 DIAL-IN DETAILSParticipant Toll-Free Dial-In: 1-800-715-9871Participant Toll Dial-In: 1-646-307-1963Conference ID: 9829976Slide presentation will be available on our website Investors | Magna prior to the call REBROADCAST INFORMATIONReplay available 2 hours after the call and will expire August 8th, 2025 @ 11:59 PM EDTToll-Free Dial-In: 1-800-770-2030Toll Dial-In: 1-609-800-9909Conference ID: 982997
- Magna Announces First Quarter 2025 ResultsComparing the first quarter of 2025 to the first quarter of 2024: - Sales decreased 8% to $10.1 billion, as global light vehicle production decreased 3%, which included 8% and 5% declines in Europe and North America, respectively - Diluted earnings per share of $0.52 and Adjusted diluted earnings per share of $0.78, compared to $0.03 and $1.08, respectivelyFirst quarter performance was broadly ahead of our expectations driven by strong incremental margins on better than anticipated vehicle productionReturned $187 million to shareholders through dividends and share repurchasesUpdated 2025 Outlook excludes potential impacts of tariffs including on light vehicle production, full year 2025 ra
- Magna International Inc. Announces Date for First Quarter 2025 Results WebcastAURORA, Ontario, April 08, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA INTERNATIONAL INC. ANNOUNCES DATE FORFIRST QUARTER 2025 RESULTS WEBCAST FRIDAY, MAY 2nd, 2025 @ 8:00 AM EDT LIVE AUDIO WEBCASTWebcast registration: https://events.q4inc.com/attendee/975055076 DIAL-IN DETAILSParticipant Toll-Free Dial-In: 1-800-715-9871Participant Toll Dial-In: 1-646-307-1963Conference ID: 9829976Slide presentation will be available on our website Investors | Magna prior to the call REBROADCAST INFORMATIONReplay available 2 hours after the call and will expire May 9th, 2025 @ 11:59 PM EDTToll-Free Dial-In: 1-800-770-2030Toll Dial-In: 1-609-800-9909Conference ID: 98299
- Magna International Inc. Announces Date for Q4 & Year End 2024 Results and 2025 Outlook WebcastAURORA, Ontario, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA INTERNATIONAL INC. ANNOUNCES DATE FOR Q4 & YEAR END 2024 RESULTS and 2025 OUTLOOK WEBCAST FRIDAY, FEBRUARY 14, 2025 @ 8:00 AM ET LIVE AUDIO WEBCASTWebcast registration: https://events.q4inc.com/attendee/672335329 DIAL-IN DETAILSParticipant Toll-Free Dial-In:1-800-715-9871Participant Toll Dial-In:1-646-307-1963Conference ID:9829976Slide presentation will be available on our website Investors | Magna prior to the call REBROADCAST INFORMATIONReplay available 2 hours after the call until February 21, 2025Toll-Free Dial-In:1-800-770-2030Toll Dial-In:1-609-800-9909Conference ID:9829976 INVEST
- Magna Announces Third Quarter 2024 ResultsSales of $10.3 billion decreased in-line with the 4% reduction in global light vehicle productionDiluted earnings per share were $1.68, up $0.31, largely reflecting recognition of Fisker deferred revenueAdjusted diluted earnings per share were $1.28, down $0.18, including $0.10 due to a higher income tax rateNormal Course Issuer Bid to purchase up to 10% of our public float of Common Shares, with purchases expected to commence in the fourth quarter of 2024 AURORA, Ontario, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA) today reported financial results for the third quarter ended September 30, 2024. Please click HERE for full third quarter MD&A and Financial
- Magna Announces Date for Q3 2024 Results CallAURORA, Ontario, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA INTERNATIONAL INC.THIRD QUARTER 2024 RESULTS WEBCAST FRIDAY – NOVEMBER 1, 20248:00 AM ET LIVE AUDIO WEBCASTWebcast registration: https://events.q4inc.com/attendee/431432937 DIAL IN DETAILS Participant Toll-Free Dial-In: 1-800-715-9871Participant Toll Dial-In: 1-646-307-1963Conference ID: 9829976 Slide presentation will be available on our website Investors | Magna prior to the call REBROADCAST INFORMATIONReplay available 2 hours after the call until November 8, 2024 Toll-Free Dial-In: 1-800-770-2030Toll Dial-In: 1-609-800-9909Conference ID: 9829976 INVESTOR CONTACTLouis Tonelli, V
- Magna Announces Second Quarter 2024 ResultsSales of $11.0 billion were level with Q2, 2023, compared to a 2% increase in global light vehicle productionDiluted earnings per share and Adjusted diluted earnings per share were $1.09 and $1.35, respectivelyPaid dividends of $134 million2024 outlook for Total Sales largely unchanged, Adjusted EBIT Margin range narrowed to 5.4% to 5.8% AURORA, Ontario, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA) today reported financial results for the second quarter ended June 30, 2024. Please click HERE for full second quarter MD&A and Financial Statements. THREE MONTHS ENDED JUNE 30, SIX MONTHS ENDED JUNE 30, 2024 2023 2024 2023Reported Sales
- Magna Announces Date for Q2 2024 Results CallAURORA, Ontario, July 02, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA INTERNATIONAL INC. SECOND QUARTER 2024 RESULTS WEBCAST FRIDAY – AUGUST 2, 2024 8:00 AM ET LIVE AUDIO WEBCASTWebcast registration: https://events.q4inc.com/attendee/760182349 DIAL IN DETAILS Participant Toll-Free Dial-In: 1-800-715-9871Participant Toll Dial-In: 1-646-307-1963Conference ID: 9829976 Slide presentation will be available on our website Investors | Magna prior to the call REBROADCAST INFORMATIONReplay available 2 hours after the call until August 9, 2024 Toll-Free Dial-In: 1-800-770-2030Toll Dial-In: 1-609-800-9909Conference ID: 9829976 INVESTOR CONTACTLouis Tonelli,
- Magna Announces First Quarter 2024 ResultsSales increased 3% to $11.0 billion, compared to a 2% rise in global light vehicle productionDiluted earnings per share and Adjusted diluted earnings per share were $0.03 and $1.08, respectivelyRecorded asset impairments and restructuring totaling $316 million related to FiskerPaid dividends of $134 millionMaintaining 2024 Adjusted EBIT Margin Outlook range of 5.4%-6.0% AURORA, Ontario, May 03, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA) today reported financial results for the first quarter ended March 31, 2024. Please click HERE for full first quarter MD&A and Financial Statements. THREE MONTHS ENDED March 31, 2024 March 31, 2023Reported Sales $10,
- Magna Announces Date for Q1 2024 Results CallAURORA, Ontario, April 15, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA INTERNATIONAL INC.FIRST QUARTER 2024 RESULTS WEBCAST FRIDAY – MAY 3, 20248:00 AM ET LIVE AUDIO WEBCASTWebcast registration: https://events.q4inc.com/attendee/510210737 DIAL IN DETAILSParticipant Toll-Free Dial-In:Participant Toll Dial-In:Conference ID: 1-800-715-98711-646-307-19639829976Slide presentation will be available on our website Investors | Magna prior to the call REBROADCAST INFORMATIONReplay available 2 hours after the call until May 10, 2024Toll-Free Dial-In:Toll Dial-In:Conference ID: 1-800-770-20301-609-800-99099829976 INVESTOR CONTACTLouis Tonelli, Vice-Pres
- CORRECTION – Magna Announces Fourth Quarter 2023 Results and 2024 OutlookIn a release issued under the same headline on Friday, February 9th by Magna International Inc. (TSX:MG, NYSE:MGA), please note that some of the information in the Consolidated Statements of Cash Flows and Supplemental Data tables has been updated. The corrected release follows: Fourth Quarter 2023 Highlights Sales increased 9% to $10.5 billion, compared to 7% increase in global light vehicle productionSales increased 4% excluding foreign currency translation and acquisitions net of divestituresDiluted earnings per share and Adjusted diluted earnings per share increased to $0.94 and $1.33, respectively, compared to $0.33 and $0.94 last yearPaid $133 million in dividendsRaised quarterly cas
- Magna Announces Fourth Quarter 2023 Results and 2024 OutlookFourth Quarter 2023 Highlights Sales increased 9% to $10.5 billion, compared to 7% increase in global light vehicle productionSales increased 4% excluding foreign currency translation and acquisitions net of divestituresDiluted earnings per share and Adjusted diluted earnings per share increased to $0.94 and $1.33, respectively, compared to $0.33 and $0.94 last yearPaid $133 million in dividendsRaised quarterly cash dividend to $0.475 per share 2024 Outlook Highlights Sales expected to continue to outgrow global light vehicle production through outlook periodExpect Adjusted EBIT Margin to expand by 180 basis points or more by 2026 to 7.0-7.7% range AURORA, Ontario, Feb. 09, 2024 (GLOBE
- Magna Announces Date for Q4 & Year End 2023 Results and 2024 Outlook Conference CallAURORA, Ontario, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA ANNOUNCES DATE FOR Q4 & YEAR END 2023 RESULTS and 2024 OUTLOOK CONFERENCE CALL FRIDAY – FEBRUARY 9, 20248:00 AM ET DIAL IN NUMBERSNorth America Toll-Free:1-800-621-4410International Toll:1-416-981-9010Webcast:www.magna.comSlide presentation will be available on our website prior to the call REBROADCAST INFORMATIONReplay available 2 hours after the call until February 16, 2024North America Toll-Free:1-800-558-5253International Toll:1-416-626-4100Reservation No.:22029006 INVESTOR CONTACTLouis Tonelli, Vice-President, Investor Relationslouis.tonelli@magna.com 905-726-7035 TELECONFERENCE
- Magna Announces Third Quarter 2023 ResultsSales increased 15% to $10.7 billion, compared to a global light vehicle production increase of 4%Diluted earnings per share were $1.37Adjusted diluted earnings per share increased 33% to $1.46Raised Outlook for Adjusted EBIT Margin and Adjusted Net Income attributable to Magna, including UAW strike impact AURORA, Ontario, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA) today reported financial results for the third quarter ended September 30, 2023. Please click HERE for full third quarter MD&A and Financial Statements. THREE MONTHS ENDEDSEPTEMBER 30, NINE MONTHS ENDEDSEPTEMBER 30, 2023 2022 2023 2022 Reported Sales $10,688 $9,268
- Magna Announces Date for Q3 2023 Results CallAURORA, Ontario, Oct. 04, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA ANNOUNCES DATE FOR Q3 2023 RESULTS CALLFRIDAY – NOVEMBER 3, 20238:00 AM ETDIAL IN NUMBERSToll-Free: 1-800-908-9207International: 1-416-620-9188Webcast: www.magna.comSlide presentation will be available on our website prior to the callREBROADCAST INFORMATIONReplay available 2 hours after the call until November 10, 2023Toll-Free: 1-800-558-5253International: 1-416-626-4100Reservation No.: 22028119 INVESTOR CONTACTLouis Tonelli, Vice-President, Investor Relations louis.tonelli@magna.com 905-726-7035 TELECONFERENCE CONTACTNancy Hansford, Ex
- Magna Announces Second Quarter 2023 ResultsSales increased 17% to $11.0 billion, compared to global light vehicle production increase of 15%Diluted earnings per share were $1.18Adjusted diluted earnings per share increased 81% to $1.50Completed the acquisition of Veoneer Active SafetyRaised 2023 outlook for Total Sales, Adjusted EBIT Margin and Adjusted Net Income attributable to Magna AURORA, Ontario, Aug. 04, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA) today reported financial results for the second quarter ended June 30, 2023. Please click HERE for full second quarter MD&A and Financial Statements. THREE MONTHS ENDEDJUNE 30, SIX MONTHS ENDEDJUNE 30, 2023 2022 2023 2022 Reported
- Magna Announces Date for Q2 2023 Results CallAURORA, Ontario, July 05, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA ANNOUNCES DATE FOR Q2 2023 RESULTS CALLFRIDAY – AUGUST 4, 20238:00 AM ETDIAL IN NUMBERSToll-Free: 1-800-899-2086International: 1-416-641-6701Webcast: www.magna.comSlide presentation will be available on our website prior to the callREBROADCAST INFORMATIONReplay available 2 hours after the call until August 11, 2023Toll-Free: 1-800-558-5253International: 1-416-626-4100Reservation No.: 22027512 INVESTOR CONTACTLouis Tonelli, Vice-President, Investor Relations louis.tonelli@magna.com 905-726-7035 TELECONFERENCE CONTACTNancy Hansford, Executive Assistant, Investor Relations nancy.hansford@ma
- Magna Announces First Quarter 2023 ResultsSales increased 11% to $10.7 billion, compared to a global light vehicle production that rose 3%Diluted earnings per share and Adjusted diluted earnings per share were $0.73 and $1.11, respectivelyPaid dividends of $132 millionRaised Adjusted EBIT Margin Outlook range to 4.7%-5.1% from 4.1%-5.1% AURORA, Ontario, May 05, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA) today reported financial results for the first quarter ended March 31, 2023. Please click HERE for full first quarter MD&A and Financial Statements. THREE MONTHS ENDED March 31, 2023 March 31, 2022Reported Sales $10,673 $9,642Income from operations before income taxes $275 $420Net income attributab
- Magna Announces Date for Q1 2023 Results CallAURORA, Ontario, April 17, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA ANNOUNCES DATE FORQ1 2023 RESULTS CALL FRIDAY – MAY 5, 20238:00 AM ET DIAL IN NUMBERSToll-Free: 1-800-584-0405International: 1-416-981-9017Webcast: www.magna.com Slide presentation will be available on our website prior to the call REBROADCAST INFORMATIONReplay available 2 hours after the call until May 12, 2023Toll-Free: 1-800-558-5253International: 1-416-626-4100Reservation No.: 22026746 INVESTOR CONTACTLouis Tonelli, Vice-President, Investor Relations louis.tonelli@magna.com 905-726-7035 TELECONFERENCE CONTACTNancy Hansford, Executive
- Magna Announces Fourth Quarter 2022 Results and 2023 OutlookFourth Quarter 2022 Highlights Sales increased 5% to $9.6 billionExcluding foreign currency translation sales increased 13%, compared to a global light vehicle production increase of 5%Diluted earnings per share and Adjusted diluted earnings per share decreased to $0.33 and $0.91, respectively, compared to $1.54 and $1.30 last yearReturned $131 million to shareholders through dividends and share repurchasesRaised quarterly cash dividend to $0.46 per share 2023 Outlook Highlights Sales expected to continue to outgrow global light vehicle production through outlook periodExpect Adjusted EBIT Margin to expand by 230 basis points or more by 2025 AURORA, Ontario, Feb. 10, 2023 (GLOBE NEWSWI
- Magna Announces Date for Q4 & Year End 2022 Results and 2023 Outlook Conference CallAURORA, Ontario, Jan. 10, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA ANNOUNCES DATE FOR Q4 & YEAR END 2022 RESULTS and 2023 OUTLOOK CONFERENCE CALL FRIDAY – FEBRUARY 10, 2023 8:00 AM ET DIAL IN NUMBERSToll-Free:1-800-891-9945International:1-416-981-9017Webcast:www.magna.comSlide presentation will be available on our website prior to the call REBROADCAST INFORMATIONReplay available 2 hours after the call until February 17, 2023Toll-Free:1-800-558-5253International:1-416-626-4100Reservation No.:22025718 INVESTOR CONTACTLouis Tonelli, Vice-President, Investor Relations louis.tonelli@magna.com 905-726-7035 TELECONFERENCE CONTACTNancy Hansford, Execut
- Magna to Acquire Veoneer Active Safety BusinessTransaction aligned with Magna's Go-Forward strategy of accelerating investments in high-growth areasCombined pro forma ADAS sales projected to be approximately $3 billion in 2024Broadens Magna's ADAS portfolio with complementary products, customers, geographies, engineering and software resourcesNo significant change in leverage profile and continued ample financial flexibility AURORA, Ontario, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA) today announced it has entered into an agreement to acquire the Veoneer Active Safety business from SSW Partners for $1.525 billion in cash, subject to working capital and other customary purchase price adjustments. The
- Magna Announces Third Quarter 2022 ResultsSales increased 17% to $9.3 billion, compared to a global light vehicle production increase of 24%Excluding foreign currency translation and acquisitions net of divestitures, sales increased 27%Diluted earnings per share and adjusted diluted earnings per share increased to $1.00 and $1.07, respectively, compared to $0.04 and $0.56 last yearReturned $305 million to shareholders through share repurchases and dividendsReduced outlook mainly reflects expected lower vehicle production in North America and Europe and higher operating inefficiencies AURORA, Ontario, Nov. 04, 2022 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA) today reported financial results for the third qua
- Q3-2022 Results Conference CallAURORA, Ontario, Oct. 06, 2022 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) Q3-2022 RESULTS CONFERENCE CALLFRIDAY – NOVEMBER 4, 20228:00 AM ET DIAL IN NUMBERS North America:International:Webcast: 1-800-926-50681-416-620-9188www.magna.com Slide presentation will be available on our website prior to the call. REBROADCAST INFORMATION Replay available 2 hours after the call until November 11, 2022 North America:International:Reservation No.: 1-800-558-52531-416-626-410022020962 INVESTOR CONTACTLouis Tonelli, Vice-President, Investor Relations louis.tonelli@magna.com | 905-726-7035 TELECONFERENCE CONTACTNancy Hansford, Executive Assistant, Investor Relat
- Magna Announces Second Quarter 2022 ResultsSales of $9.4 billion increased 4%, compared to global light vehicle production increase of 2%Diluted loss per share of $0.54 includes $1.24 of non-cash impairment charges related to our investment in RussiaAdjusted diluted earnings per share decreased 41%Increased sales outlook AURORA, Ontario, July 29, 2022 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA) today reported financial results for the second quarter ended June 30, 2022. Please click HERE for full second quarter Financial Statements and MD&A. THREE MONTHS ENDEDJUNE 30, SIX MONTHS ENDEDJUNE 30, 2022 2021 2022 2021Reported Sales$9,362 $9,034 $19,004 $19,213 (Loss) income from operation
- Q2-2022 Results Conference CallAURORA, Ontario, July 11, 2022 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) Q2-2022 RESULTS CONFERENCE CALLFRIDAY – JULY 29, 20228:00 AM ET DIAL IN NUMBERS North America:International:Webcast: 1-877-412-49461-416-620-9188www.magna.com Slide presentation will be available on our website prior to the call. REBROADCAST INFORMATION Replay available 2 hours after the call until August 5, 2022 North America:International:Reservation No. 1-800-558-52531-416-626-410022019747 INVESTOR CONTACTLouis Tonelli, Vice-President, Investor Relationslouis.tonelli@magna.com 905-726-7035 TELECONFERENCE CONTACTNancy Hansford, Executive Assistant, Investor Relations nancy
- Magna Announces First Quarter 2022 ResultsGlobal light vehicle production was down 7%, largely due to 16% decrease in EuropeSales of $9.6 billion decreased 5%Diluted earnings per share and adjusted diluted earnings per share decreased 40% and 31%, respectivelyReduced 2022 outlook to reflect expected lower light vehicle production assumptions and an increase in production input costs AURORA, Ontario, April 29, 2022 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA) today reported financial results for the first quarter ended March 31, 2022. Please click HERE for full first quarter Financial Statements and MD&A. THREE MONTHS ENDED March 31, 2022 March 31, 2021Reported Sales $9,642 $10,179
- Q1-2022 Results Conference CallAURORA, Ontario, April 08, 2022 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) Q1-2022 RESULTS CONFERENCE CALLFRIDAY – APRIL 29, 20228:00 AM ET DIAL IN NUMBERS North America:International:Webcast: 1-800-897-85051-416-981-9028www.magna.com Slide presentation will be available on our website prior to the call. REBROADCAST INFORMATION Replay available 2 hours after the call until May 6, 2022 North America:International:Reservation No.: 1-800-558-52531-416-626-410022017461 INVESTOR CONTACTLouis Tonelli, Vice-President, Investor Relationslouis.tonelli@magna.com 905-726-7035 TELECONFERENCE CONTACTNancy Hansford, Executive Assistant, Investor Relations nanc
- Magna Announces Fourth Quarter 2021 Results and OutlookFourth Quarter 2021 Highlights Sales of $9.1 billion decreased 14%, compared to a 17% decrease in global light vehicle productionDiluted earnings per share and Adjusted diluted earnings per share of $1.54 and $1.30, respectively, compared to $2.45 and $2.83 last yearReturned $378 million to shareholders through share repurchases and dividendsRaised quarterly cash dividend by 5% to $0.45 per share Full Year 2021 Highlights Sales of $36.2 billion increased 11%, compared to global vehicle production which increased 4%Diluted earnings per share and Adjusted diluted earnings per share of $5.00 and $5.13, respectively, compared to $2.52 and $3.95 last yearReturned over $1 billion to shareholder
- Magna Announces Date for Q4 & Year End 2021 Results and 2022 Outlook Conference CallAURORA, Ontario, Jan. 17, 2022 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA ANNOUNCES DATE FOR Q4 & YEAR END 2021 RESULTS and 2022 OUTLOOK CONFERENCE CALL FRIDAY – FEBRUARY 11, 20228:00 AM ET DIAL IN NUMBERS Toll-Free:1-800-909-4145International:1-416-981-9023Webcast:www.magna.comSlide presentation will be available on our website prior to the call. REBROADCAST INFORMATIONReplay available 2 hours after the call until February 18, 2022Toll-Free:1-800-558-5253 International:1-416-626-4100Reservation No.:22015026 INVESTOR CONTACTLouis Tonelli, Vice-President, Investor Relations louis.tonelli@magna.com 905-726-7035 TELECONFERENCE CONTACTNancy Hansford, Executive A
- Magna Announces Third Quarter 2021 ResultsSales decreased 13% to $7.9 billion, reflecting a global light vehicle production decrease of 12%, including decreases of 20% in Europe, 19% in North America and 12% in ChinaDiluted earnings per share and adjusted diluted earnings per share of $0.04 and $0.56, respectively, compared to $1.35 and $1.95 last yearResults negatively impacted by lower light vehicle production substantially due to continued industry semiconductor chip shortages, production inefficiencies driven by unpredictable OEM production schedules, increased production and commodity costs and a provision on engineering service contracts AURORA, Ontario, Nov. 05, 2021 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NY
- Q3-2021 Results Conference CallAURORA, Ontario, Oct. 05, 2021 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) Q3-2021 RESULTS CONFERENCE CALLFRIDAY – NOVEMBER 5, 20218:00 AM ET DIAL IN NUMBERSNorth America:1-800-926-9175International:1-416-641-6701Webcast:www.magna.comSlide presentation will be available on our website prior to the call. REBROADCAST INFORMATIONReplay available 2 hours after the call until November 12, 2021North America:1-800-558-5253 International:1-416-626-4100Reservation No.:21998396 INVESTOR CONTACTLouis Tonelli, Vice-President, Investor Relations louis.tonelli@magna.com 905-726-7035 TELECONFERENCE CONTACTNancy Hansford, Executive Assistant, Investor Relations nancy.hansford@mag
- Magna Announces Second Quarter 2021 ResultsSales more than doubled to $9.0 billion, reflecting global light vehicle production increase of 58%Diluted earnings per share and adjusted diluted earnings per share of $1.40, compared to losses of $2.17 and $1.71 last year, respectivelyReduced outlook, largely reflecting reduction in expected global light vehicle production due to continued industry semiconductor chip shortage AURORA, Ontario, Aug. 06, 2021 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA) today reported financial results for the second quarter ended June 30, 2021. Please click HERE for full second quarter Financial Statements and MD&A. THREE MONTHS ENDED JUNE 30, SIX MONTHS ENDED JUNE 3
- Magna to acquire Veoneer, positioning Magna's ADAS business as a global leader in a fast-growing industry- Veoneer's complementary products and capabilities strengthen and broaden Magna's ADAS portfolio and industry position - Transaction adds significant engineering and software expertise, including in sensor perception and drive policy software - Enhances Magna's ADAS systems capabilities and feature functionality AURORA, Ontario and STOCKHOLM, July 23, 2021 /PRNewswire/ -- Magna International Inc. (TSX:MG, NYSE:MGA) and Veoneer, Inc. (NYSE:VNE) today announced that they have entered into a definitive merger agreement under which Magna will acquire Veoneer, a leader in automotive safety technology. Pursuant to the agreement, Magna will acquire all of the issued and outstanding shares of Ve
- Magna to Acquire Veoneer, Positioning Magna's ADAS Business as a Global Leader in a Fast-Growing IndustryVeoneer's complementary products and capabilities strengthen and broaden Magna's ADAS portfolio and industry positionTransaction adds significant engineering and software expertise, including in sensor perception and drive policy softwareEnhances Magna's ADAS systems capabilities and feature functionality AURORA, Ontario and STOCKHOLM, Sweden, July 22, 2021 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA) and Veoneer (NYSE:VNE, SSE: VNE SDB))) today announced that they have entered into a definitive merger agreement under which Magna will acquire Veoneer, a leader in automotive safety technology. Pursuant to the agreement, Magna will acquire all of the issued and outs