Magna Announces First Quarter 2025 Results

About this update from Magna International Inc.

[{"type":"text","content":"Magna Announces First Quarter 2025 Results\n\n\n\n\n Comparing the first quarter of 2025 to the first quarter of 2024:\n \n - Sales decreased 8% to $10.1 billion, as global light vehicle production decreased 3%, which included 8% and 5% declines in Europe and North America, respectively\n \n - Diluted earnings per share of $0.52 and Adjusted diluted earnings per share of $0.78, compared to $0.03 and $1.08, respectively\n \n\n First quarter performance was broadly ahead of our expectations driven by strong incremental margins on better than anticipated vehicle production\n \n\n Returned $187 million to shareholders through dividends and share repurchases\n \n\n\n Updated 2025 Outlook excludes potential impacts of tariffs including on light vehicle production,  full year 2025 range of net income attributable to shareholders unchanged\n \n\n\n AURORA, Ontario, May 02, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the first quarter ended March 31, 2025.\n \n\n Please click\n \n HERE\n \n for full first quarter MD&A and Financial Statements.\n \n\n\n\n\n\n\n\n\n\n \"\n \n Our operating results for the first quarter of 2025 exceeded our expectations, with strong incremental margins on better than anticipated vehicle production and, for the balance of the year, we remain confident in our ability to execute on variables within our control in a complex and uncertain industry environment. We are actively advancing several initiatives including operational excellence, restructuring, commercial recoveries, and reduced capital and engineering spending to mitigate the impact of tariffs.\n \n\n\n\n\n We remain focused on generating long-term free cash flow to invest for profitable growth and drive compelling capital return to shareholders.\"\n \n\n\n\n - Swamy Kotagiri, Magna’s Chief Executive Officer\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n THREE MONTHS ENDED\n \n\n\n\n\n\n\n\n\n\n\n\n March 31, 2025\n \n\n\n\n\n\n March 31, 2024\n \n\n\n\n\n\n\n Reported\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Sales\n \n\n\n\n\n\n\n $\n \n\n\n\n 10,069\n \n\n\n\n\n\n\n $\n \n\n 10,970\n \n\n\n\n\n\n Income from operations before income taxes\n \n\n\n\n\n\n\n $\n \n\n\n\n 225\n \n\n\n\n\n\n\n $\n \n\n 34\n \n\n\n\n\n\n Net income attributable to Magna International Inc.\n \n\n...

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