Magna International

Magna International, Inc. is a mobility technology company, which engages in the design, engineering, and manufacturing of automotive supplies. It operates through the following segments: Body Exteriors and Structures, Power and Vision, Seating Systems, and Complete Vehicles. The Body Exteriors and Structures segment includes body and chassis systems, exterior systems, and roof systems operations. The Power and Vision segment comprises of global powertrain systems, electronics systems, mirrors, lighting, and mechatronics operations. The Seating Systems segment deals with global seating systems operations. The Complete Vehicles segment focuses on vehicle engineering and manufacturing operations. The company was founded by Frank Stronach in 1957 and is headquartered in Aurora, Canada.

Earnings data Q1 2021

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Earnings data Q1 2022

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Earnings data Q1 2023

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Earnings data Q2 2024

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Earnings data Q4 2024

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Magna International, Inc. is a mobility technology company, which engages in the design, engineering, and manufacturing of automotive supplies. It operates through the following segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles. The Body Exteriors & Structures segment includes body and chassis systems, exterior systems, and roof systems operations. The Power & Vision segment comprises of global powertrain systems, electronics systems, mirrors, lighting, and mechatronics operations. The Seating Systems segment deals with global seating systems operations. The Complete Vehicles segment focuses on vehicle engineering and manufacturing operations. The company was founded by Frank Stronach in 1957 and is headquartered in Aurora, Canada.

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AURORA, Ontario, May 11, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2023 annual meeting of shareholders held on May 11, 2023. A total of 226,558,449 Common Shares or 79.18% of our issued and outstanding Common Shares were represented in person or by proxy at the meeting. Shareholders voted in favour of each item of business, as follows:

Magna Announces 2023 Annual Meeting Results

Magna (MGA) beats Q1 earnings estimates on better-than-expected EBIT in the Body Exteriors & Structures, Seating Systems and Complete Vehicles segments.

Magna (MGA) Q1 Earnings & Revenues Beat, Guidance Raised

While the top- and bottom-line numbers for Magna (MGA) give a sense of how the business performed in the quarter ended March 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Magna (MGA) Q1 Earnings: A Look at Key Metrics

Magna (MGA) came out with quarterly earnings of $1.11 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $1.28 per share a year ago.

Magna (MGA) Q1 Earnings and Revenues Top Estimates

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.

Magna Announces First Quarter 2023 Results

AURORA, Ontario, May 03, 2023 (GLOBE NEWSWIRE) -- Magna is taking electrification to the next level of efficiency and range to help meet evolving customer requirements. Today, the company has announced it has been awarded a high-volume contract with a Europe-based Global Premium OEM to supply its new eDrive system (eDS Mid). The eDrive is planned for 2027 model SUVs/sedans, with production expected to begin in 2026.

Magna Awarded New High-Voltage eDrive Business With Europe-Based Global OEM

In the past year, Magna International (-16.35%) has both trailed the broad market, SPY (-3.19%), and the CARZ industry ETF (-7.67%). This is owing to the immense downwards pressure of sustained supply chain issues and rising interest rates on both the production and demand of Magna auto parts.

Magna International: Poised To Integrative Growth While Effectively Returning Income

Magna pays out a solid dividend and maintains performance with the S&P 500. The company's CapEX strategy into electric vehicles enables them to generate stronger free cash flows and differentiate from competitors.

Magna International: An Undervalued Stock With Strong Growth Prospects

Magna (MGA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Magna (MGA) Q1 Earnings Expected to Decline

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GRAZ, Austria, April 20, 2023 (GLOBE NEWSWIRE) -- The Mercedes G-Class is one of the most iconic luxury SUVs globally and has been built by Magna since 1979. The legendary off-road vehicle entered its 44th year of production in Graz, Austria and has reached the historic mark of 500,000 produced vehicles.

Magna Celebrates a Production Milestone: 500,000 Mercedes G-Class Vehicles

AURORA, Ontario, April 17, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA)  MAGNA ANNOUNCES DATE FOR Q1 2023 RESULTS CALL FRIDAY – MAY 5, 2023 8:00 AM ET DIAL IN NUMBERS Toll-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 INFORMATION Replay 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 Assistant, Investor Relations nancy.hansford@magna.com  905-726-7108

Magna Announces Date for Q1 2023 Results Call

AURORA, Ontario, April 17, 2023 (GLOBE NEWSWIRE) -- Magna is adding a new customer in engineering and complete vehicle manufacturing with the announcement that it has been awarded a contract to manufacture the all-new INEOS Automotive electric off-road vehicle contract – which is expected to start production in Graz, Austria in 2026. In addition to manufacturing, Magna will also be responsible for the engineering of the complete vehicle.

Magna Adds to Its Complete Vehicle Manufacturing Lineup With an All-New Electric Vehicle From INEOS Automotive

AURORA, Ontario, March 31, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that its 2022 Annual Report, including Management's Discussion and Analysis and Audited Consolidated Financial Statements, Annual Information Form (AIF) and Form 40-F, are now available on the company's website, www.magna.com.  Magna has also filed these documents with the Canadian Securities Administrators (accessible through its website at www.sedar.com) and the U.S. Securities and Exchange Commission (accessible through its website at www.sec.gov/edgar).

Magna Posts 2022 Annual Report

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Magna (MGA) announces two series of U.S. dollar denominated senior notes offerings to finance Veoneer Active Safety Business Acquisition and one series of Euro denominated senior notes offerings.

Magna (MGA) Announces U.S. Dollar & Euro Senior Notes Offerings

AURORA, Ontario, March 07, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has entered into underwriting agreements in respect of the offering of two series of U.S. dollar denominated senior notes (“U.S. dollar senior notes”) and one series of Euro denominated senior notes (“Euro senior notes”), as follows:

Magna Announces Senior Notes Offerings

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AURORA, Ontario, March 07, 2023 (GLOBE NEWSWIRE) -- Magna is revolutionizing vehicle access experiences with the launch of its SmartAccess TM power door system on the opposing rear doors of the Ferrari Purosangue. The complete system includes Magna's power door drive unit, SmartLatchTM with cinch actuator and first-to-market integrated HaptronikTM software.

Magna's SmartAccess Power Door System Hits the Market in Style

AURORA, Ontario, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) (“Magna” or “we”) today announced that it has filed a short form base shelf prospectus with the Ontario Securities Commission (the "OSC") and a corresponding shelf registration statement with the United States Securities and Exchange Commission (the "SEC") on Form F-10. Our previous short form base shelf prospectus expired in June 2022.

Magna Announces Filing of Shelf Prospectus and Registration Statement

Worldwide vehicle parts supplier and manufacturer Magna International Inc. (NYSE: MGA) is one of the most significant players in the automobile and electric vehicles (EV) space you've probably never heard of. It supplies auto parts to over 50 of the world's largest automobile brands, including General Motors Co. (NYSE: GM), Ford Motor Co. (NYSE: F), and Tesla Inc. (NASDAQ: TSLA) in the US and Volkswagen AG (OTCMKTS: VWAGY) and BMW in Europe.

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News for Magna International Stock (MGA)