Revenue: $10.6 billion, down 3% year-over-year. Adjusted EBIT: $583 million, up 1% year-over-year. EBIT Margin: 5.5%, up 20 basis points year-over-year. Adjusted Diluted EPS: $1.44, up 7% year-over-year. Free Cash Flow: $301 million, up $178 million year-over-year. Dividends Returned to Shareholders: $137 million in Q2. Adjusted Effective Income Tax Rate: 20.5%. Net Income: $407 million,… Continue reading Magna International Inc (MGA) Q2 2025 Earnings Call Highlights: Navigating Challenges with …
Tag: Magna
Magna Announces Second Quarter 2025 Results
Strong second quarter performance reflected disciplined execution and operational excellence Comparing the second quarter of 2025 to the second quarter of 2024: Sales decreased 3% to $10.6 billion, as light vehicle production declined 6% and 2% in North America and Europe, respectively Income from operations before income taxes increased 16% to $496 million Adjusted EBIT… Continue reading Magna Announces Second Quarter 2025 Results
Magna Raises Outlook Despite Persistent Industry Challenges
Magna International (NYSE:MGA) shares gained on Friday after the second-quarter fiscal 2025 earnings. The auto parts maker reported a quarterly revenue decline of 3% year-on-year to $10.63 billion, beating the analyst consensus estimate of $10.08 billion. The decrease in sales was primarily due to a 6% drop in light vehicle production in North America and a 2% drop… Continue reading Magna Raises Outlook Despite Persistent Industry Challenges
Magna (MGA) Reports Q2 Earnings: What Key Metrics Have to Say
Magna (MGA) reported $10.63 billion in revenue for the quarter ended June 2025, representing a year-over-year decline of 3%. EPS of $1.44 for the same period compares to $1.35 a year ago. The reported revenue represents a surprise of +2.09% over the Zacks Consensus Estimate of $10.41 billion. With the consensus EPS estimate being $1.19,… Continue reading Magna (MGA) Reports Q2 Earnings: What Key Metrics Have to Say
Magna raises sales forecast, beats quarterly view on cost cuts
(Reuters) -Canadian auto parts supplier Magna International raised annual sales forecast and topped second-quarter estimates on Friday, benefiting from its cost-cutting measures. The company had said in May it would take steps such as restructuring and reduced capital and engineering spending to cushion the hit from sweeping tariffs. U.S. President Donald Trump’s levies have pressured… Continue reading Magna raises sales forecast, beats quarterly view on cost cuts
Pedestrian Protection Airbag Market Report 2025 | Tech Advances Propel Pedestrian Airbags to $2.91 Billion Market by 2029
Company Logo The pedestrian protection airbag market is booming, projected to grow from $1.77 billion in 2024 to $2.91 billion by 2029, driven by increased vehicle traffic and safety concerns. Major players include Toyota and Autoliv, with Asia-Pacific as the fastest-growing region. Innovations include recycled polyester airbags. Dublin, Aug. 01, 2025 (GLOBE NEWSWIRE) — The… Continue reading Pedestrian Protection Airbag Market Report 2025 | Tech Advances Propel Pedestrian Airbags to $2.91 Billion Market by 2029
Magna raises sales forecast, beats quarterly view on cost cuts
(Reuters) -Canadian auto parts supplier Magna International raised annual sales forecast and topped second-quarter estimates on Friday, benefiting from its cost-cutting measures. The company had said in May it would take steps such as restructuring and reduced capital and engineering spending to cushion the hit from sweeping tariffs. U.S. President Donald Trump’s levies have pressured… Continue reading Magna raises sales forecast, beats quarterly view on cost cuts
Tata Motors Signs MoU with Green Energy Mobility Solutions for 100 Electric Intercity Coaches
Tata Motors has signed a Memorandum of Understanding (MoU) with Green Energy Mobility Solutions Pvt. Ltd (GEMS), the electric mobility subsidiary of Universal Bus Services (UBS), to supply 100 units of its all-electric Magna EV intercity coaches. The agreement was announced during the Passenger Vehicle Expo 2.0 held in Chennai, where Tata Motors also showcased… Continue reading Tata Motors Signs MoU with Green Energy Mobility Solutions for 100 Electric Intercity Coaches
Magna Announces Second Quarter 2025 Results
Strong second quarter performance reflected disciplined execution and operational excellence Comparing the second quarter of 2025 to the second quarter of 2024: Sales decreased 3% to $10.6 billion, as light vehicle production declined 6% and 2% in North America and Europe, respectively Income from operations before income taxes increased 16% to $496 million Adjusted EBIT… Continue reading Magna Announces Second Quarter 2025 Results
@BMW: Steyr goes electric: BMW Group launches series production of electric motors for Neue Klasse004272
BMW Group Plant Steyr today began series production of the e-motor for the Neue Klasse. Go to Source