https://www.tipranks.com/news/company-announcements/magna-international-launches-share-buyback-program Magna International (TSE:MG) has released an update. Magna International has announced a new Normal Course Issuer Bid allowing the company to repurchase up to 10% of its public float, or 28.5 million shares, by November 2025. This move, approved by the Toronto Stock Exchange, aims to purchase shares for cancellation and support stock-based compensation… Continue reading Magna International Launches Share Buyback Program
Tag: Contract Manufacturer
Phoenix IB Advises Spray Products in Successful $40 Million Refinancing
PHILADELPHIA, Nov. 6, 2024 /PRNewswire/ — Phoenix IB®, a part of J.S. Held, a leading middle market special situations investment bank and independent licensed broker-dealer under federal and state securities law (CRD#: 132710/SEC#: 8-66628), acted as the exclusive investment banker to its long-term client, Spray Products Corporation, in arranging, structuring, and negotiating a $40 million loan… Continue reading Phoenix IB Advises Spray Products in Successful $40 Million Refinancing
Bank Leumi to Report 3Q 2024 Financial Results on November 19, 2024
TEL AVIV, Israel, Nov. 6, 2024 /PRNewswire/ — Bank Leumi (TASE: LUMI) announced today that it will release its Third Quarter 2024 Financial Results on Tuesday, November 19, 2024. A conference call for analysts and investors will be held on the same day at 5 PM (Israel); 3 PM (UK); 10 AM (ET) to discuss… Continue reading Bank Leumi to Report 3Q 2024 Financial Results on November 19, 2024
Magna Announces New 10% Normal Course Issuer Bid and Automatic Share Purchase Plan
AURORA, Ontario, Nov. 05, 2024 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG, NYSE: MGA) today announced the termination of its existing Normal Course Issuer Bid effective since February 15, 2024 (the “Prior NCIB”) and the Toronto Stock Exchange (“TSX”) has accepted its Notice of Intention to establish a new Normal Course Issuer Bid (the… Continue reading Magna Announces New 10% Normal Course Issuer Bid and Automatic Share Purchase Plan
Magna Up 2.7% In US Premarket As Announces New 10% Normal Course Issuer Bid and Automatic Share Purchase Plan
Magna Up 2.7% In US Premarket As Announces New 10% Normal Course Issuer Bid and Automatic Share Purchase Plan Go to Source
Magna Announces New 10% Normal Course Issuer Bid and Automatic Share Purchase Plan
AURORA, Ontario, Nov. 05, 2024 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG, NYSE: MGA) today announced the termination of its existing Normal Course Issuer Bid effective since February 15, 2024 (the “Prior NCIB”) and the Toronto Stock Exchange (“TSX”) has accepted its Notice of Intention to establish a new Normal Course Issuer Bid (the… Continue reading Magna Announces New 10% Normal Course Issuer Bid and Automatic Share Purchase Plan
Magna Announces New 10% Normal Course Issuer Bid and Automatic Share Purchase Plan
AURORA, Ontario, Nov. 05, 2024 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG, NYSE: MGA) today announced the termination of its existing Normal Course Issuer Bid effective since February 15, 2024 (the “Prior NCIB”) and the Toronto Stock Exchange (“TSX”) has accepted its Notice of Intention to establish a new Normal Course Issuer Bid (the… Continue reading Magna Announces New 10% Normal Course Issuer Bid and Automatic Share Purchase Plan
Flip Electronics Expands Authorized Distribution of Obsolete Semiconductors and Electronic Components Across Europe, Middle East and Africa (EMEA)
Visit Flip Electronics at Hall C3.351 at electronica 2024, November 12-14 in Munich, Germany ALPHARETTA, Ga., Nov. 4, 2024 /PRNewswire/ — Original equipment manufacturers (OEMs) in the aerospace, medical, automotive and industrial sectors are confronted with the critical issue of shrinking component lifespans impacting the longevity of the equipment they’re incorporated. Flip Electronics’ expansion across… Continue reading Flip Electronics Expands Authorized Distribution of Obsolete Semiconductors and Electronic Components Across Europe, Middle East and Africa (EMEA)
Magna International Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Revenue: US$10.3b (down 3.8% from 3Q 2023). Net income: US$484.0m (up 23% from 3Q 2023). Profit margin: 4.7% (up from 3.7% in 3Q 2023). EPS: US$1.69 (up from US$1.38 in 3Q 2023). earnings-and-revenue-growth All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 1.0%. Earnings… Continue reading Magna International Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Magna International Inc (MGA) Q3 2024 Earnings Call Highlights: Navigating Challenges with …
Consolidated Sales: $10.3 billion, down 4% from Q3 2023. Adjusted EBIT: $594 million, with a margin of 5.8%. Adjusted EPS: $1.28, down 12% year-over-year. Free Cash Flow: $174 million, a significant increase from $23 million in Q3 2023. Net Income: $369 million, compared to $419 million in Q3 2023. Liquidity: $3.7 billion, including $1.1 billion… Continue reading Magna International Inc (MGA) Q3 2024 Earnings Call Highlights: Navigating Challenges with …