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Magna Announces Strong First Quarter Results; Maintains Positive Outlook for 2026
Highlights (1) Delivered strong first-quarter 2026 results, reflecting sales growth, discipli...
About this update from Magna International Inc.
[{"type":"text","content":"Magna Announces Strong First Quarter Results; Maintains Positive Outlook for 2026\nHighlights(1) Delivered strong first-quarter 2026 results, reflecting sales growth, disciplined execution, and improved operating performance. Sales increased 3% to $10.4 billion, despite a 7% decline in global light vehicle productionIncome from operations before income taxes was $87 million, including a $485 million loss on assets held for sale related to the announced dispositions of our Lighting and Rooftop Systems businesses within Power & VisionAdjusted EBIT increased 58% to $558 million, with Adjusted EBIT margin expanding 190 basis points to 5.4%Diluted loss per share was $0.04; Adjusted EPS increased 77% to $1.38Returned $575 million to shareholders through share repurchases and dividends2026 Outlook largely unchanged AURORA, Ontario, May 01, 2026 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the first quarter ended March 31, 2026. Please click HERE for full first quarter MD&A and Financial Statements. “We delivered a strong start to 2026, driven by disciplined execution, margin expansion and robust free cash flow generation. Our actions to further refine our portfolio, including the announced dispositions within Power & Vision, reinforce our focus on long-term value creation.As we move forward, we are maintaining our positive 2026 outlook, and our priorities remain clear: expanding margins, generating strong free cash flow and returning capital to shareholders, while navigating a dynamic global environment.”- Swamy Kotagiri, Magna’s Chief Executive Officer     THREE MONTHS ENDED    March 31, 2026 March 31, 2025Reported     Sales  $10,381  $10,069 Income from operations before income taxes   87   225 Net (loss) income attributable to Magna International Inc.   (12)  146 Diluted (loss) earnings per share   (0.04)  0.52        Non-GAAP Financial Measures(1)     Adjusted EBIT  $558  $354 Adjusted EPS   1.38   0.78 Free Cash Flow  
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