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
Tag: Contract Manufacturer
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 …
Magna Cuts Outlook Following Third-Quarter Miss, Plans to Resume Share Repurchases
Magna Cuts Outlook Following Third-Quarter Miss, Plans to Resume Share Repurchases Go to Source
Magna Announces Third Quarter 2024 Results
Sales of $10.3 billion decreased in-line with the 4% reduction in global light vehicle production Diluted earnings per share were $1.68, up $0.31, largely reflecting recognition of Fisker deferred revenue Adjusted diluted earnings per share were $1.28, down $0.18, including $0.10 due to a higher income tax rate Normal Course Issuer Bid to purchase up… Continue reading Magna Announces Third Quarter 2024 Results
@Tata-JLR: JLR RAISES £134,000 IN WEEKEND FUNDRAISER FOR 61 UK CHARITIES
About JLR JLR’s Reimagine strategy aims to deliver a sustainability‑rich vision of modern luxury by design. We are transforming our business, targeting carbon net zero across our supply chain, products, and operations by 2039. We have set a roadmap to reduce emissions across our own operations and value chains by 2030 through approved, science‑based targets.… Continue reading @Tata-JLR: JLR RAISES £134,000 IN WEEKEND FUNDRAISER FOR 61 UK CHARITIES
Inside Magna’s 9% Stock Surge: The Bold Buyback Moves Reshaping Its Future
Magna International (NYSE:MGA) has stirred investor interest with a strategic mix of moves, even as Q3 sales dipped 4%, driven by weaker light vehicle production in North America and China. Despite hitting some bumps, Magna’s Power & Vision segment shined, delivering higher margins, while Complete Vehicles also showed resilience, balancing out pressure in other areas.… Continue reading Inside Magna’s 9% Stock Surge: The Bold Buyback Moves Reshaping Its Future
Magna: Q3 Earnings Snapshot
AURORA, Ontario (AP) — AURORA, Ontario (AP) — Magna International Inc. (MGA) on Friday reported third-quarter earnings of $484 million. On a per-share basis, the Aurora, Ontario-based company said it had net income of $1.68. Earnings, adjusted for one-time gains and costs, came to $1.28 per share. The results fell short of Wall Street expectations.… Continue reading Magna: Q3 Earnings Snapshot
Magna Announces Third Quarter 2024 Results
AURORA, Ontario, Nov. 01, 2024 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the third quarter ended September 30, 2024. We posted sales of $10.3 billion for the third quarter of 2024, a decrease of 4% from the third quarter of 2023. The lower sales largely reflects a… Continue reading Magna Announces Third Quarter 2024 Results