Magna International Inc.

Equities

MG

CA5592224011

Auto, Truck & Motorcycle Parts

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-09-19 pm EDT			5-day change	1st Jan Change
57.64 ^CAD	+2.51%		+7.68%	-26.38%

Sep. 13	Magna International Inc. Presents at Morgan Stanley?s 12th Annual Laguna Conference 2024, Sep-12-2024 03:10 PM
Aug. 13	Magna Brief: RBC Says While Buybacks Could be on the table in the future, For now, Management is focused on bringing leverage down	MT

Magna International Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024

August 02, 2024 at 05:00 am EDT

Magna International Inc. reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported sales was USD 10,958 million compared to USD 10,982 million a year ago. Sales was USD 10,958 million compared to USD 10,982 million a year ago. Net income was USD 313 million compared to USD 339 million a year ago. Net income was USD 313 million compared to USD 339 million a year ago. Basic earnings per share from continuing operations was USD 1.09 compared to USD 1.18 a year ago. Diluted earnings per share from continuing operations was USD 1.09 compared to USD 1.18 a year ago. Diluted earnings per share from continuing operations was USD 1.09 compared to USD 1.18 a year ago.
For the six months, sales was USD 21,928 million compared to USD 21,655 million a year ago. Sales was USD 21,928 million compared to USD 21,655 million a year ago. Net income was USD 322 million compared to USD 548 million a year ago. Net income was USD 322 million compared to USD 548 million a year ago. Basic earnings per share from continuing operations was USD 1.12 compared to USD 1.92 a year ago. Diluted earnings per share from continuing operations was USD 1.12 compared to USD 1.91 a year ago. Diluted earnings per share from continuing operations was USD 1.12 compared to USD 1.91 a year ago.

Latest news about Magna International Inc.

Magna International Inc. Presents at Morgan Stanley?s 12th Annual Laguna Conference 2024, Sep-12-2024 03:10 PM	Sep. 12
Magna Brief: RBC Says While Buybacks Could be on the table in the future, For now, Management is focused on bringing leverage down	Aug. 13	MT
Magna Brief: Target Cut To US$47 From $57, Keeps Sector Perform at RBC Which Says e "Improved Margin Profile is a Show-me Story"	Aug. 13	MT
RBC Adjusts Price Target on Magna International to $47 From $57, Maintains Sector Perform Rating	Aug. 13	MT
BofA Securities Adjusts Price Target on Magna International to $52 From $62, Maintains Buy Rating	Aug. 12	MT
Magna Recommends Shareholders Reject TRC Capital's "Mini-Tender" Offer	Aug. 09	MT
Magna Brief: Recommending Rejection of "Mini-Tender" Offer	Aug. 09	MT
Magna International Inc. Presents at J.P. Morgan Auto Conference 2024, Aug-08-2024 01:40 PM	Aug. 08
UBS Adjusts Price Target on Magna International to $44 From $46, Maintains Neutral Rating	Aug. 05	MT
TSX falls sharply for second day as US jobs data spooks investors	Aug. 02	RE
Toronto Stocks Fall; Telus International Shares Drop to All-Time Low on 2Q Miss, Guidance Cut	Aug. 02	DJ
TSX hits over three-week low as US jobs data adds to recession worries	Aug. 02	RE
Magna International Inc. Revises Sales Guidance for the Fiscal 2026	Aug. 02	CI
Magna International Inc., Q2 2024 Earnings Call, Aug 02, 2024	Aug. 02
Auto parts supplier Magna's quarterly results miss on fewer vehicle assemblies	Aug. 02	RE
TSX futures dive as investors await US data amid global sell-off	Aug. 02	RE
Magna Down More Than 2% In US Premarket On Q2 Earnings and Revs Miss; Provides Sales Forecasts For 2025 and 2026	Aug. 02	MT
Magna International's Q2 Adjusted Earnings, Sales Decline	Aug. 02	MT
Tranche Update on Magna International Inc. (TSX:MG)'s Equity Buyback Plan announced on February 9, 2024.	Aug. 02	CI
Magna International Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	Aug. 02	CI
RBC Lowers Price Target on Magna International to $57 From $59, Keeps Sector Perform Rating	Jul. 29	MT
Serve Robotics Appoints David Goldberg to Its Board of Directors	Jul. 25	CI
JPMorgan Cuts Price Target on Magna International to $63 From $69, Maintains Overweight Rating	Jul. 22	MT
BofA Securities Adjusts Price Target on Magna International to $62 From $65, Maintains Buy Rating	Jul. 22	MT
Barclays Adjusts Magna International Price Target to $55 From $60, Maintains Equal Weight Rating	Jul. 16	MT

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Company Profile

Magna International Inc. is a Canada-based mobility technology company. The Company is a global automotive supplier that has complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, electronics, mechatronics, mirrors, lighting and roof systems. It also has electronic and software capabilities across many of these areas. Its segments include Body Exteriors & Structures; Power & Vision; Seating Systems, and Complete Vehicles. Its products include Battery Enclosures, Body-in-White Solutions, Chassis Systems, ADAS and automated driving, control modules, active aerodynamics, exterior systems and modules, lighting, mechatronics, mirrors, electrified powertrain products, Complete Vehicle Engineering and others. Its global network includes approximately 343 manufacturing operations and 105 product development, engineering and sales centers spanning 28 countries.

Employees

165,000

Sector

Auto, Truck & Motorcycle Parts

Calendar

2024-10-31 - Q3 2024 Earnings Release (Projected)

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