Magna International

Magna International, Inc. is a mobility technology company, which engages in the design, engineering, and manufacturing of automotive supplies. It operates through the following segments: Body Exteriors and Structures, Power and Vision, Seating Systems, and Complete Vehicles. The Body Exteriors and Structures segment includes body and chassis systems, exterior systems, and roof systems operations. The Power and Vision segment comprises of global powertrain systems, electronics systems, mirrors, lighting, and mechatronics operations. The Seating Systems segment deals with global seating systems operations. The Complete Vehicles segment focuses on vehicle engineering and manufacturing operations. The company was founded by Frank Stronach in 1957 and is headquartered in Aurora, Canada.

Earnings data Q4 2020

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Magna International, Inc. is a mobility technology company, which engages in the design, engineering, and manufacturing of automotive supplies. It operates through the following segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles. The Body Exteriors & Structures segment includes body and chassis systems, exterior systems, and roof systems operations. The Power & Vision segment comprises of global powertrain systems, electronics systems, mirrors, lighting, and mechatronics operations. The Seating Systems segment deals with global seating systems operations. The Complete Vehicles segment focuses on vehicle engineering and manufacturing operations. The company was founded by Frank Stronach in 1957 and is headquartered in Aurora, Canada.

Magna (MGA) came out with quarterly earnings of $1.50 per share, beating the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $0.83 per share a year ago.

Magna (MGA) Beats Q2 Earnings and Revenue Estimates

Magna International on Friday raised its full-year profit and sales outlook after its quarterly results beat estimates on strong demand for auto parts as supply chain constraints eased.

Magna lifts annual forecasts as results beat estimates on parts demand

AURORA, Ontario, Aug. 04, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the second quarter ended June 30, 2023.

Magna Announces Second Quarter 2023 Results

Magna (MGA) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for Magna (MGA) This Earnings Season?

AURORA, Ontario, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Magna is dedicated to advancing its electric driveline systems and powertrain technologies by prioritizing efficiency, safety, dynamics, and convenience. Demonstrating its commitment to innovation, the company has announced the start of production of a first-to-market, modular eDecoupling unit to support multiple battery electric vehicle (BEV) programs for a German premium OEM.

Magna to Launch Industry-First Award With Modular eDecoupling Unit for BEVS

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SCOTTSDALE, Ariz. & AURORA, Ontario--(BUSINESS WIRE)--onsemi (Nasdaq: ON), a leader in intelligent power and sensing technologies, and Magna (NYSE: MGA; TSX: MG), a mobility technology company and one of the world's largest automotive suppliers, announced a long-term supply agreement (LTSA) for Magna to integrate onsemi's EliteSiC intelligent power solutions into its eDrive systems. By integrating onsemi's industry-leading EliteSiC MOSFET technology, Magna eDrive systems can offer better coolin.

onsemi and Magna Sign Strategic Agreements to Invest in Silicon Carbide for Growing Electric Vehicle Market

Magna International (TSX:MG), a Canadian auto parts supplier, announced on Thursday that it will invest $790 million to build three new supplier facilities to meet the rising demand for parts as automakers ramp up their production of electric vehicles.  Two of the new facilities will be located at Ford Motor Company (NYSE:F)'s BlueOval City campus in Tennessee to support the production of Ford's second-generation electric truck, the company said in a statement.

Ford supplier Magna International to invest $790M in three new facilities

Canadian auto parts maker Magna International Inc said on Thursday it will invest $790 million to build three new supplier facilities, two of which will be housed at Ford Motor Co's BlueOval City campus in Tennessee.

Auto supplier Magna to invest $790 mln to build three new facilities

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Is Magna International (MGA) a Great Value Stock Right Now?

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Magna (MGA) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Here Is Why Bargain Hunters Would Love Fast-paced Mover Magna (MGA)

AURORA, Ontario, July 05, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA)  MAGNA ANNOUNCES DATE FOR  Q2 2023 RESULTS CALL FRIDAY – AUGUST 4, 2023 8:00 AM ET DIAL IN NUMBERS Toll-Free: 1-800-899-2086International: 1-416-641-6701Webcast: www.magna.com Slide presentation will be available on our website prior to the call REBROADCAST INFORMATION Replay available 2 hours after the call until August 11, 2023Toll-Free: 1-800-558-5253International: 1-416-626-4100Reservation No.: 22027512 INVESTOR CONTACTLouis Tonelli, Vice-President, Investor Relations louis.tonelli@magna.com 905-726-7035 TELECONFERENCE CONTACTNancy Hansford, Executive Assistant, Investor Relations nancy.hansford@magna.com 905-726-7108

Magna Announces Date for Q2 2023 Results Call

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AURORA, Ontario, June 01, 2023 (GLOBE NEWSWIRE) -- Magna strengthens its active safety business with the completion of its acquisition of Veoneer Active Safety from SSW Partners. The deal, which closed today, positions Magna as one of a few suppliers equipped to tackle the increasing complexity coming from advanced software, system and integration challenges by delivering a complete set of offerings to customers.

Magna Completes Acquisition of Veoneer Active Safety Business

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AURORA, Ontario, May 11, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2023 annual meeting of shareholders held on May 11, 2023. A total of 226,558,449 Common Shares or 79.18% of our issued and outstanding Common Shares were represented in person or by proxy at the meeting. Shareholders voted in favour of each item of business, as follows:

Magna Announces 2023 Annual Meeting Results

Magna (MGA) beats Q1 earnings estimates on better-than-expected EBIT in the Body Exteriors & Structures, Seating Systems and Complete Vehicles segments.

Magna (MGA) Q1 Earnings & Revenues Beat, Guidance Raised

While the top- and bottom-line numbers for Magna (MGA) give a sense of how the business performed in the quarter ended March 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Magna (MGA) Q1 Earnings: A Look at Key Metrics

Magna (MGA) came out with quarterly earnings of $1.11 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $1.28 per share a year ago.

Magna (MGA) Q1 Earnings and Revenues Top Estimates

AURORA, Ontario, May 05, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the first quarter ended March 31, 2023.

Magna Announces First Quarter 2023 Results

AURORA, Ontario, May 03, 2023 (GLOBE NEWSWIRE) -- Magna is taking electrification to the next level of efficiency and range to help meet evolving customer requirements. Today, the company has announced it has been awarded a high-volume contract with a Europe-based Global Premium OEM to supply its new eDrive system (eDS Mid). The eDrive is planned for 2027 model SUVs/sedans, with production expected to begin in 2026.

Magna Awarded New High-Voltage eDrive Business With Europe-Based Global OEM

News for Magna International Stock (MGA)