Magna international investor relations

Our mission is to use our expertise to create a better world of mobility, responsibly. We do that by developing technologies, systems and concepts that make vehicles safer and cleaner for everyone.

Magna International Inc. During the presentation, all participants will be in a listen-only mode. Afterwards, we will conduct a question-and-answer session. Louis Tonelli: Thanks. Hello, everyone, and welcome to our conference call covering our results and our outlook. Yesterday, our Board of Directors met and approved our financial results for the fourth quarter of as well as our financial outlook. We issued a press release this morning outlining both of these.

Magna international investor relations

Add to a list Add to a list. To use this feature you must be a member. Magna International Inc. Delayed Toronto S. Other stock markets. Funds and ETFs. Latest news about Magna International Inc. Announces Senior Notes Offering Mar. Chart Magna International Inc. Duration Auto. Period Day Week. Company Profile. The Company has complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, electronics, mechatronics, mirrors, lighting, and roof systems. Its Veoneer Active Safety provides sensor, software and systems engineering solutions to a range of customers.

Interested in more information on Magna? In addition to these items, relative to our expectations, there were some retiming of expected customer recoveries into

Magna International Inc. The presentation and question and answer session will run from a. To view the webcast, participants can register by clicking here. The live stream will begin at a. Our Outlook below has been updated solely to reflect the acquisition of Veoneer Active Safety. All other assumptions and financial information are unchanged from our Outlook previously provided in our press release dated February 10, Our Outlook is intended to provide information about management's current expectations and plans and may not be appropriate for other purposes.

Our mission is to use our expertise to create a better world of mobility, responsibly. We do that by developing technologies, systems and concepts that make vehicles safer and cleaner for everyone. At its very core, Magna is a company of creators, innovators and problem solvers. Our foundational entrepreneurial mindset empowers our employees to act as owners and respond to the industry transformation with agility and flexibility. This same foundational strength is what also allows us to continuously bring new innovative solutions to market and help usher in a new era of mobility.

Magna international investor relations

All results are reported in millions of U. GAAP, and as a result may not be comparable to the calculation of similar measures by other companies. Effective July 1, , we revised our calculations of Adjusted EBIT and Adjusted diluted earnings per share to exclude the amortization of acquired intangible assets. Further information and a reconciliation of these Non-GAAP financial measures is included in the back of this press release. Our ongoing focus on operational excellence and cost initiatives helped drive strong earnings on higher sales. In addition, the Adjusted EBIT increase mainly reflected productivity and efficiency improvements, including lower costs at certain previously underperforming facilities, higher tooling contribution, higher customer recoveries net of higher production input costs, lower net warranty costs, and lower provisions against certain accounts receivable and other balances, partially offset by the negative impact of the UAW labour strikes during the fourth quarter of , higher launch, engineering and other costs associated with new assembly business, and higher restructuring costs. Net income attributable to Magna International Inc. Included in net income attributable to Magna International Inc. Excluding these amounts from both periods, net income attributable to Magna International Inc.

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We expect another step-up in consolidated margins in to a range of 5. The industry appears to be moving from supply constraint to demand constraint as macro challenges persist. Our Outlook below has been updated solely to reflect the acquisition of Veoneer Active Safety. Ratings for Magna International Inc. GM, Magna and Wipro team up for automotive software marketplace. There are currently no events scheduled. Toll-Free United Kingdom: Seating Systems. Income Statement Evolution. As established automakers shift toward electrification and autonomy, and new entrants find their footing in a rapidly changing landscape, Magna is the go-to partner to help them meet their goals. Power of Magna.

Magna International Inc.

Toll-Free France: I appreciate you joining our call today, and let's jump right in. Toll Switzerland: Magna Technology Investments. And with that I'll pass it over to Swamy. Its Veoneer Active Safety provides sensor, software and systems engineering solutions to a range of customers. And with our commitment to advancing diversity and creating an inclusive workforce, we are working to be the difference we want to see in the world. Our foundational entrepreneurial mindset empowers our employees to act as owners and respond to the industry transformation with agility and flexibility. Our megatrend business is expected to continue to grow significantly, which we anticipate will drive profitability as we leverage the sales growth. We do that by developing technologies, systems and concepts that make vehicles safer and cleaner for everyone. View shareholder information. Lower expected megatrend profits on the reduced sales is the most significant factor shifting our profitability inflection point from to Many of the same factors that are impacting consolidated sales and margins out to are also impacting our segments.