Magna Announces Fourth Quarter and 2013 Results

About this update from Magna International Inc.

[{"type":"text","content":"\n\n\nAURORA, ON, March 3, 2014 /CNW/ - Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the fourth quarter and year ended\n December 31, 2013.\n\n\n\n\n \n\n\n \n\n\nTHREE MONTHS ENDED \nDECEMBER 31,\n\n\n \n\n\nYEAR ENDED \nDECEMBER 31,\n\n\n\n\n \n\n\n \n\n\n \n\n\n2013\n\n\n \n\n\n \n\n\n2012\n\n\n \n\n\n \n\n\n2013\n\n\n \n\n\n \n\n\n2012\n\n\n\n\nSales\n\n\n \n\n\n$\n\n\n 9,174\n\n\n \n\n\n$\n\n\n 8,033\n\n\n \n\n\n$\n\n\n 34,835\n\n\n \n\n\n$\n\n\n30,837\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nAdjusted EBIT(1)\n\n\n \n\n\n$\n\n\n607\n\n\n \n\n\n$\n\n\n387\n\n\n \n\n\n$\n\n\n 2,065\n\n\n \n\n\n$\n\n\n1,658\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nIncome from operations before income taxes\n\n\n \n\n\n$\n\n\n514\n\n\n \n\n\n$\n\n\n341\n\n\n \n\n\n$\n\n\n1,905\n\n\n \n\n\n$\n\n\n1,750\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nNet income attributable to Magna International Inc.\n\n\n \n\n\n$\n\n\n458\n\n\n \n\n\n$\n\n\n 351\n\n\n \n\n\n$\n\n\n1,561\n\n\n \n\n\n$\n\n\n1,433\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nDiluted earnings per share\n\n\n \n\n\n$\n\n\n2.03\n\n\n \n\n\n$\n\n\n1.49\n\n\n \n\n\n$\n\n\n6.76\n\n\n \n\n\n$\n\n\n6.09\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nAll results are reported in millions of U.S. dollars, except per share\n figures, which are in U.S. dollars. \n\n\n\n\n\n(1) Adjusted EBIT is the measure of segment profit or loss as reported in\n the Company's attached unaudited interim consolidated financial\nstatements.\nAdjusted EBIT represents income fro...

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