AURORA, 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 WEBCAST Webcast registration: https://events.q4inc.com/attendee/760182349 DIAL IN DETAILS Participant Toll-Free Dial-In: 1-800-715-9871 Participant Toll Dial-In: 1-646-307-1963 Conference ID: 9829976 Slide presentation will be available on our website Investors | Magna prior to the call REBROADCAST INFORMATI ...

Innovative system offers two rows of seats on long rails with a fully rotating front row Flexible layout for more in-cabin space Award showcases local R&D, complete technology development, and production readiness AURORA, Ontario, June 18, 2024 (GLOBE NEWSWIRE) -- For more than 65 years, Magna has helped redefine the very concept of consumer experience and design in the vehicle. Today, the company has further advanced traditional in-cabin vehicle design with its first awarded contract to deliver a reconfigu ...

Innovative system offers two rows of seats on long rails with a fully rotating front row Flexible layout for more in-cabin space Award showcases local R&D, complete technology development, and production readiness AURORA, Ontario, June 18, 2024 (GLOBE NEWSWIRE) -- For more than 65 years, Magna has helped redefine the very concept of consumer experience and design in the vehicle. Today, the company has further advanced traditional in-cabin vehicle design with its first awarded contract to deliver a reconfigu ...

Shares of auto equipment supplier Magna International (MGA) slipped to a 52-week low of $43.44 per share in the last trading session on June 7, before closing a tad bit higher at $43.76. Year to date, Magna has lost 26% of its value, underperforming the industry’s decline of 15%. Meanwhile, the S&P 500 index has risen 12.4% over the same timeframe. Image Source: Zacks Investment Research What’s Dragging Down MGA Stock? Investors seem to be disappointed with the company’s earnings miss in the last two quarte ...

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES AURORA, Ontario, May 27, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has entered into an agency agreement providing for the issuance, by way of private placement in each of the provinces of Canada, of CAD$450 million aggregate principal amount of senior unsecured notes due 2029. The notes will bear interest at an annual rate of 4.80% and will mature on May 30, 2029. The of ...

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES AURORA, Ontario, May 27, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has entered into an agency agreement providing for the issuance, by way of private placement in each of the provinces of Canada, of CAD$450 million aggregate principal amount of senior unsecured notes due 2029. The notes will bear interest at an annual rate of 4.80% and will mature on May 30, 2029. The of ...

Shares of Magna International (MGA) have declined 4.2% since the company reported first-quarter 2024 results. The auto equipment provider reported adjusted earnings of $1.08 per share, which declined from the year-ago quarter’s $1.11 per share and also missed the Zacks Consensus Estimate of $1.28. The underperformance is attributed to lower-than-expected adjusted EBIT from Body Exteriors & Structures and Power & Vision segments. Net sales increased 2.7% from the prior-year quarter to $10.97 billion but fell ...

AURORA, Ontario, May 09, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA) today announced voting results from its 2024 annual meeting of shareholders held on May 9, 2024. A total of 230,328,916 Common Shares or 80.18% 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: a. Election of Directors Nominee Votes FOR Nominee Votes FOR Mary S. Chan 95.27% Mary Lou Maher 98.16% Hon. ...

It hasn’t been a pleasant 2024 for vehicle parts maker Magna International (NYSE:MGA), who also happens to be the contract manufacturer for the struggling Fisker (OTCMKTS:FSRN). Magna produces the Fisker Ocean, an electric vehicle (EV) SUV. Magna CEO Swami Kotagiri disclosed in the company’s first-quarter earnings call that “production of the vehicle is currently idled” and that Magna’s guidance “assumes no further production” of the Ocean. As a result, 2024 revenue guidance was lowered by about $400 millio ...

财务数据和关键指标变化 - 第一季度销售额为110亿美元,同比增长3%,高于全球汽车产量2%的增长 [21][30] - 调整后EBIT为4.69亿美元,调整后EBIT利润率为4.3%,同比上升10个基点 [20][32] - 调整后每股收益为1.08美元,同比下降6%,主要由于利息成本上升,但超出预期 [23][34] - 第一季度自由现金流为-2.7亿美元,去年同期为-2.79亿美元 [24][36] 各条业务线数据和关键指标变化 - 动力与视觉系统(P&V)业务利润率在第一季度大幅下降,但预计将在第二季度开始大幅改善 [48][49][63] - 电池结构业务方面,公司正在密切关注行业动态,并采取措施来管理资本支出和工程费用 [51][52][53] 各个市场数据和关键指标变化 - 北美地区汽车产量增长2%,其中来自底特律的客户下降3% [28][29] - 中国汽车产量增长11%,欧洲下降2% [28] 公司战略和发展方向及行业竞争 - 公司正在密切关注客户的电动化战略,并与客户合作优化投资和产能计划 [8][13] - 公司在电动化领域的策略是有针对性和谨慎的,正在不断获得新的业务 [13][14] - 公司正在采取各种措施来提高利润率和自由现金流,包括持续的运营卓越活动、成本控制和商业谈判 [6][11][12] 管理层对经营环境和未来前景的评论 - 预计未来一段时间内汽车产量环境相对平稳 [7] - 通胀压力持续,特别是劳动力成本,但公司正在努力缓解成本上升 [8] - 公司正在密切关注客户的电动化战略,并评估对自身业务的潜在影响 [8][13] 问答环节重要的提问和回答 问题1 **John Murphy 提问** 动力与视觉系统(P&V)业务利润率大幅下降,公司如何看待未来的利润率走势 [46][47] **Swamy Kotagiri 回答** P&V业务利润率在第二季度开始将大幅改善,主要由于新项目的贡献和成本回收 [48][49] 问题2 **Tamy Chen 提问** 公司如何看待P&V业务利润率的季度波动 [62][63] **Swamy Kotagiri 和 Pat McCann 回答** P&V业务利润率预计将在第二季度大幅改善,并在之后保持较好水平,但仍可能受到一些外部因素影响 [63][64][65] 问题3 **Mark Delaney 提问** 公司如何看待与新兴市场参与者合作的经验和未来策略 [75][76][77] **Swamy Kotagiri 回答** 公司在评估新兴市场参与者时采取的流程和考虑因素与传统客户并无二致,包括产品可行性、财务实力等,并根据具体情况制定相应的合作条款 [76][77]