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 Q1 2021

Earnings data Q2 2021

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Earnings data Q4 2021

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Earnings data Q4 2022

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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.

Worldwide vehicle parts supplier and manufacturer Magna International Inc. (NYSE: MGA) is one of the most significant players in the automobile and electric vehicles (EV) space you've probably never heard of. It supplies auto parts to over 50 of the world's largest automobile brands, including General Motors Co. (NYSE: GM), Ford Motor Co. (NYSE: F), and Tesla Inc. (NASDAQ: TSLA) in the US and Volkswagen AG (OTCMKTS: VWAGY) and BMW in Europe.

Is Does Magna International Earnings Warning Bad for EV Sales?

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Magna (MGA) lags Q4 earnings mark on lower-than-expected income in Body Exteriors & Structures, Power & Vision and Seating Systems segments. It expects adjusted EBIT margin to improve 230 bps by 2025.

Magna's (MGA) Q4 Earnings Miss, Sales Beat, Dividend Up

AURORA, Ontario, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Today, Magna announced it is investing more than $470 million to expand its operations across Ontario, Canada. The growth includes a new battery enclosures facility in Brampton to support the Ford F-150 Lightning and future OEM programs.

Magna Announces New Facility and Expands in Five Other Locations Across Ontario to Support New Business

AURORA, Ontario, Feb. 13, 2023 (GLOBE NEWSWIRE) -- Magna announced today that it has secured new business from General Motors (GM) to supply battery enclosures on the all-new 2024 Chevrolet Silverado EV. The company will produce the enclosures at its Magna Electric Vehicle Structures facility in St. Clair, Michigan, where it already produces the battery enclosure for the GMC HUMMER EV. Magna recently announced significant investment plans for the facility in St. Clair to support the fast-growing electric vehicle market. Production is expected to begin later in 2023.

Magna Wins Battery Enclosures Business On First-Ever Chevrolet Silverado EV

Profit margins are going in the wrong direction for Magna International.

Why Magna International Stock Crashed Today

Magna International Inc. (NYSE:MGA ) Q4 2022 Results Conference Call February 10, 2023 8:00 AM ET Company Participants Louis Tonelli - Vice President, Investor Relations Swamy Kotagiri - Chief Executive Officer Pat McCann - Executive Vice President & Chief Financial Officer Conference Call Participants John Murphy - Bank of America Adam Jonas - Morgan Stanley Peter Sklar - BMO Capital Markets Mark Delaney - Goldman Sachs Itay Michaeli - Citi Colin Langan - Wells Fargo Rod Lache - Wolfe Research Michael Glen - Raymond James Operator Greetings, and welcome to the Q4 and year-end 2022 results and 2023 Outlook Conference Call. [Operator Instructions] As a reminder, this conference is being recorded, Friday, February 10, 2023.

Magna International Inc. (MGA) Q4 2022 Earnings Call Transcript

Magna (MGA) delivered earnings and revenue surprises of -26.61% and 1%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Magna (MGA) Q4 Earnings Miss Estimates

Magna Announces Fourth Quarter 2022 Results and 2023 Outlook

Magna (MGA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Magna (MGA) Q4 Earnings Expected to Decline

AURORA, Ontario, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has updated its 2022 outlook to reflect an expected Adjusted EBIT Margin1 below the range disclosed in its press release dated November 4, 2022.

Magna Updates 2022 Outlook to Reflect Preliminary Full Year 2022 Results

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AURORA, Ontario, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Magna's advanced ClearView™ vision technology designed to make vehicles smarter and safer has made its production debut on the Ram 2500 and 3500 Heavy Duty trucks. The unique system, which bundles camera and mirror technology, has the potential to reduce blind-spot accidents and promote safety by enhancing visibility around the vehicle. ClearView™ also provides other benefits including making it easier to park and maneuver the vehicle.

Magna's ClearView™ Vision System Comes to Market on Ram Trucks

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AURORA, Ontario, Jan. 10, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA)

Magna Announces Date for Q4 & Year End 2022 Results and 2023 Outlook Conference Call

The deal builds on Magna's (MGA) ADAS business strength and seeks to enhance its portfolio with the addition of complementary products and significant engineering and software resources.

Magna (MGA) to Rev Up ADAS Business With $1.5B Buyout Deal

AURORA, Ontario, Dec. 21, 2022 (GLOBE NEWSWIRE) -- Building on its expertise in producing millions of active aerodynamic systems for automakers, today Magna introduces Morphing Surfaces, the next generation vehicle exterior solutions that further increases efficiency while enhancing design. Enabling advanced aero and cooling performance, the technology can seamlessly integrate shape-changing body components into advanced vehicle exteriors.

Magna Morphing Surfaces Technology Offers New Possibilities in Automotive Design

Magna International (TSX:MG) Inc announced it has entered into an agreement to acquire the Veoneer Active Safety business from SSW Partners for $1.525 billion in cash to bolster its advanced driver-assistance system (ADAS) offering.  The Aurora, Ontario-based company said the combined business is projected to generate approximately $3 billion in sales in 2024, positioning Magna's ADAS business as a global leader.

Magna International to acquire Veoneer Active Safety from SSW Partners for $1.525B

Magna International (MGA) announced it is buying the Veoneer Active Safety business from SSW Partners for $1.525 billion. The post Why Magna (MGA) Is Buying Veoneer Active Safety For $1.525 Billion appeared first on Pulse 2.0.

Why Magna (MGA) Is Buying Veoneer Active Safety For $1.525 Billion

Veoneer Inc

Magna International Inc. MGA, -0.07% MG, -0.42% said Tuesday it agreed to pay $1.525 billion in cash for the Veoneer Active Safety business from seller SSW Partners. Magna International plans to combine Veoneer Active Safety with its advanced driver assistance systems (ADAS) unit to create a business with expected sales of $3 billion in 2024.

Magna International buying Veoneer Active Safety business for $1.525 bln

Magna is buying a smaller part of the Veoneer portfolio, after losing a bidding war for the whole company with Qualcomm last year.

Magna International to Buy Veoneer Active Safety for $1.5 Billion

AURORA, Ontario, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced it has entered into an agreement to acquire the Veoneer Active Safety business from SSW Partners for $1.525 billion in cash, subject to working capital and other customary purchase price adjustments. The combined business is projected to generate approximately $3 billion in sales in 2024, positioning Magna's ADAS business as a global leader.

Magna to Acquire Veoneer Active Safety Business

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Greentown Go Move 2022 with BASF and Magna Announces Startup Cohort Focused on Automotive Industry Decarbonization

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Magna (MGA) now expects full-year 2022 revenues in the band of $37.4-$38.4 billion, down from the previously guided range of $37.6-$39.2 billion.

Magna (MGA) Misses on Q3 Earnings & Sales, Trims '22 View

News for Magna International Stock (MGA)