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.

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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.

AURORA, Ontario, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG, NYSE: MGA), a mobility technology company and global leader in the automotive industry, will hold a virtual investor event today. Magna's Chief Executive Officer, Swamy Kotagiri and Chief Financial Officer, Pat McCann will present on the company's unique position in the market, systems-level capabilities and Go-Forward Strategy to power profitable growth.

Magna to Hold Virtual Investor Event, Updates 2025 Outlook

SAILAUF, Germany, Sept. 04, 2023 (GLOBE NEWSWIRE) -- During its IAA Mobility 2023 press conference, Magna announced the start of production of its innovative Gen5 front camera module system for a European OEM. The high-volume business award will support various platforms across regions and vehicle models over the next few years. Magna leveraged its market-leading camera expertise and global manufacturing processes to develop a scalable, one-box front camera module which it will supply to the automaker.

Magna Brings Next Generation Front Camera Module to Market With European OEM

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Magna International Inc. reported strong Q2 2023 results, beating revenue and earnings expectations. The company's outlook for light vehicle production levels has increased. We examine the updated guidance and valuation in light of the rally from the June lows.

Magna: You Still Have Some Upside Here

AURORA, Ontario, Aug. 29, 2023 (GLOBE NEWSWIRE) -- Magna is taking a significant step forward in its commitment to sustainability and environmental stewardship by submitting net-zero emissions targets for validation by the Science Based Targets initiative (SBTi), the widely-accepted benchmark for decarbonization targets in line with the Paris Climate Agreement. The company's goal is to achieve net-zero emissions status by 2050, and meet its near-term Scope 1, 2 and 3 targets by 2030.

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Magna (MGA) expects full-year 2023 revenues in the band of $41.9-$43.5 billion, up from the previous guidance of $40.2-$41.8 billion.

Magna (MGA) Tops Q2 Earnings Estimates, Lifts '23 Sales View

Magna International Inc. (NYSE:MGA ) Q2 2023 Earnings Conference Call August 4, 2023 8:00 AM ET Company Participants Swamy Kotagiri - Chief Executive Officer Patrick McCann - Executive Vice President, Chief Financial Officer Louis Tonelli - Vice President, Investor Relations Conference Call Participants John Murphy - Bank of America Tamy Chen - BMO Capital Markets Chris McNally - Evercore Mark Delaney - Goldman Sachs Tom Narayan - RBC Capital Markets Colin Langan - Wells Fargo Dan Levy - Barclays James Picariello - BNP Paribas Brian Morrison - TD Securities Operator Greetings and welcome to the Q2 2023 results conference call. During the presentation, all participants will be in a listen-only mode.

Magna International (MGA) Q2 2023 Earnings Call Transcript

The headline numbers for Magna (MGA) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Magna (MGA) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

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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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

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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