Magna International (MGA) provided a full-year revenue outlook that fell short of Wall Street’s expe Go to Source
Tag: Contract Manufacturer
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 International Upgraded to Outperform at RBC
Magna International Inc. (MG.TO, MGA) was upgraded to Outperform from Sector Perform at RBC Capital Go to Source
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
Valmet to start the share buy-back program for its share-based incentive plans
Valmet Oyj’s press release on February 14, 2025 at 9:30 a.m. EET ESPOO, Finland, Feb. 14, 2025 /PRNewswire/ — Valmet announced on December 18, 2024, that the Board of Directors of Valmet has decided to use the authorization granted by the Annual General Meeting held on March 21, 2024, to repurchase the Company’s own shares. Based on… Continue reading Valmet to start the share buy-back program for its share-based incentive plans
Valmet’s Financial Statements Review January 1 – December 31, 2024: Orders received increased, but Net sales and Comparable EBITA remained steady in 2024
Valmet Oyj’s stock exchange release on February 13, 2025 at 9:00 a.m. EET ESPOO, Finland, Feb. 13, 2025 /PRNewswire/ — Figures in brackets, unless otherwise stated, refer to the comparison period, i.e., the same period of the previous year. October–December 2024: Orders received increased to a new record of close to EUR 2.5 billion Orders… Continue reading Valmet’s Financial Statements Review January 1 – December 31, 2024: Orders received increased, but Net sales and Comparable EBITA remained steady in 2024
German Manager Magazin: Foxconn: New electric car – now comes the partnership with Nissan? 003957
The Taiwanese electronic giant Foxconn, known as a long -time great contractor for Apple, pushes increasingly into that Electric car production business . Foxconn boss Young Liu (69) confirmed that his company in cooperation with the troubled Japanese car manufacturer Nissan is interested. However, he rejected speculation about Nissan’s takeover. Foxconn also negotiates with the… Continue reading German Manager Magazin: Foxconn: New electric car – now comes the partnership with Nissan? 003957
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