Tag: Magna

Magna International Inc (MGA) Q4 2024 Earnings Call Highlights: Strong Cash Flow and Margin …

Q4 2024 Sales: Increased 2% year-over-year to $10.6 billion. Q4 2024 Adjusted EBIT Margin: Improved 120 basis points to 6.5%. Q4 2024 Adjusted EPS: Rose 27% to $1.69. Q4 2024 Free Cash Flow: Generated over $1 billion, compared to $472 million in Q4 2023. 2024 Full Year Sales: $42.8 billion, level with 2023. 2024 Full… Continue reading Magna International Inc (MGA) Q4 2024 Earnings Call Highlights: Strong Cash Flow and Margin …

@niche: Magna (MGA) Beats Q4 Earnings and Revenue Estimates003744

Magna (MGA) came out with quarterly earnings of $1.69 per share, beating the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.33 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 15.75%. A quarter ago, it was expected that this… Continue reading @niche: Magna (MGA) Beats Q4 Earnings and Revenue Estimates003744

Magna Announces Fourth Quarter 2024 Results and 2025 Outlook

 Fourth Quarter 2024 Highlights Sales increased 2% to $10.6 billion, in-line with global light vehicle production Diluted earnings per share of $0.71 and Adjusted diluted earnings per share of $1.69, compared to $0.94 and $1.33, respectively Generated $1.9 billion in cash from operating activities Returned $335 million to shareholders through dividends and share repurchases Raised… Continue reading Magna Announces Fourth Quarter 2024 Results and 2025 Outlook

Magna: Q4 Earnings Snapshot

AURORA, Ontario (AP) — AURORA, Ontario (AP) — Magna International Inc. (MGA) on Friday reported fourth-quarter profit of $203 million. The Aurora, Ontario-based company said it had profit of 71 cents per share. Earnings, adjusted for non-recurring costs and amortization costs, were $1.69 per share. The results surpassed Wall Street expectations. The average estimate of… Continue reading Magna: Q4 Earnings Snapshot

Magna Announces Fourth Quarter 2024 Results and 2025 Outlook

 Fourth Quarter 2024 Highlights Sales increased 2% to $10.6 billion, in-line with global light vehicle production Diluted earnings per share of $0.71 and Adjusted diluted earnings per share of $1.69, compared to $0.94 and $1.33, respectively Generated $1.9 billion in cash from operating activities Returned $335 million to shareholders through dividends and share repurchases Raised… Continue reading Magna Announces Fourth Quarter 2024 Results and 2025 Outlook

QuantumScape to Report Q4 Earnings: What’s in the Cards?

QuantumScape Corporation QS is slated to release fourth-quarter 2024 results on Feb. 12, after the closing bell. The Zacks Consensus Estimate for QS’ loss is pegged at 23 cents per share for the fourth quarter. The company had incurred a loss of 23 cents in the year-ago period. The consensus estimate for fourth-quarter 2024 loss… Continue reading QuantumScape to Report Q4 Earnings: What’s in the Cards?

Magna supplies eDrive system to electrified Mercedes-Benz G-Class

Technology company Magna, which is one of the world’s largest suppliers in the automotive industry with a global team of over 175,000 employees across 343 manufacturing operations and 107 product development, engineering and sales centres spanning 28 countries, has strengthened its partnership with German luxury carmaker, Mercedes-Benz. For several decades, Magna, which is also one… Continue reading Magna supplies eDrive system to electrified Mercedes-Benz G-Class

Magna supplies eDrive system to electrified Mercedes-Benz G-Class

Technology company Magna, which is one of the world’s largest suppliers in the automotive industry with a global team of over 175,000 employees across 343 manufacturing operations and 107 product development, engineering and sales centres spanning 28 countries, has strengthened its partnership with German luxury carmaker, Mercedes-Benz. For several decades, Magna, which is also one… Continue reading Magna supplies eDrive system to electrified Mercedes-Benz G-Class