Bullboard - Stock Discussion Forum Magna International Inc T.MG

Alternate Symbol(s): MGA

Consumer Cyclical Auto Parts

Magna International Inc. is a Canada-based mobility technology company. The Company is a global automotive supplier that 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. It also has electronic... see more

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Magna International Inc > Magna Announces Third Quarter 2023 Results

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Post by Betteryear2 on Nov 03, 2023 7:53pm

Magna Announces Third Quarter 2023 Results

Sales increased 15% to $10.7 billion, compared to a global light vehicle production increase of 4%
Diluted earnings per share were $1.37
Adjusted diluted earnings per share increased 33% to $1.46
Raised Outlook for Adjusted EBIT Margin and Adjusted Net Income attributable to Magna, including UAW strike impact

AURORA, Ontario, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the third quarter ended September 30, 2023.

Magna Announces Third Quarter 2023 Results (globenewswire.com)

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