Magna Announces Second Quarter 2025 Results
Magna International (NYSE:MGA) reported strong Q2 2025 financial results with sales of $10.6 billion, down 3% year-over-year due to lower vehicle production in North America (-6%) and Europe (-2%). Despite lower sales, the company demonstrated operational strength with income from operations increasing 16% to $496 million and Adjusted EBIT rising 1% to $583 million.
Key highlights include diluted EPS of $1.35 (up 24%) and Adjusted EPS of $1.44 (up 7%). The company returned $324 million to shareholders in H1 2025 through dividends and share repurchases. Magna has updated its 2025 outlook positively, raising projections for Total Sales, Adjusted EBIT Margin, and Adjusted Net Income, demonstrating confidence in continued solid execution despite industry headwinds.
Magna International (NYSE:MGA) ha riportato solidi risultati finanziari per il secondo trimestre del 2025 con vendite pari a 10,6 miliardi di dollari, in calo del 3% su base annua a causa della riduzione della produzione di veicoli in Nord America (-6%) e in Europa (-2%). Nonostante il calo delle vendite, l'azienda ha mostrato una forte capacità operativa con un utile operativo in crescita del 16% a 496 milioni di dollari e un EBIT rettificato in aumento dell'1% a 583 milioni di dollari.
I principali risultati includono un utile per azione diluito di 1,35 dollari (in aumento del 24%) e un utile per azione rettificato di 1,44 dollari (in crescita del 7%). La società ha restituito 324 milioni di dollari agli azionisti nella prima metà del 2025 tramite dividendi e riacquisti di azioni. Magna ha aggiornato positivamente le sue previsioni per il 2025, aumentando le stime per le vendite totali, il margine EBIT rettificato e l'utile netto rettificato, dimostrando fiducia in una solida esecuzione nonostante le difficoltà del settore.
Magna International (NYSE:MGA) reportó sólidos resultados financieros en el segundo trimestre de 2025 con ventas de 10.6 mil millones de dólares, una disminución del 3% interanual debido a la menor producción de vehículos en Norteamérica (-6%) y Europa (-2%). A pesar de las menores ventas, la compañía mostró fortaleza operativa con un ingreso operativo que aumentó un 16% hasta 496 millones de dólares y un EBIT ajustado que subió un 1% a 583 millones de dólares.
Los puntos destacados incluyen un EPS diluido de 1.35 dólares (un aumento del 24%) y un EPS ajustado de 1.44 dólares (un incremento del 7%). La empresa devolvió 324 millones de dólares a los accionistas en el primer semestre de 2025 mediante dividendos y recompra de acciones. Magna ha actualizado su perspectiva para 2025 de manera positiva, elevando las proyecciones de ventas totales, margen EBIT ajustado e ingreso neto ajustado, demostrando confianza en una ejecución sólida a pesar de los obstáculos de la industria.
매그나 인터내셔널(NYSE:MGA)은 2025년 2분기 강력한 재무 실적을 보고했으며, 매출은 106억 달러로 북미(-6%)와 유럽(-2%)에서 차량 생산 감소로 전년 대비 3% 감소했습니다. 매출 감소에도 불구하고, 회사는 영업이익이 16% 증가한 4억 9,600만 달러, 조정 EBIT는 1% 증가한 5억 8,300만 달러를 기록하며 운영 강점을 보여주었습니다.
주요 성과로는 희석 주당순이익(EPS) 1.35달러(24% 증가)와 조정 EPS 1.44달러(7% 증가)가 있습니다. 회사는 2025년 상반기에 배당금과 자사주 매입을 통해 3억 2,400만 달러를 주주에게 환원했습니다. 매그나는 2025년 전망을 긍정적으로 상향 조정하며 총 매출, 조정 EBIT 마진, 조정 순이익에 대한 예측을 높여 업계 역풍에도 불구하고 지속적인 견고한 실행에 대한 자신감을 나타냈습니다.
Magna International (NYSE:MGA) a publié de solides résultats financiers pour le deuxi��me trimestre 2025 avec un chiffre d'affaires de 10,6 milliards de dollars, en baisse de 3 % par rapport à l'année précédente en raison d'une production automobile réduite en Amérique du Nord (-6 %) et en Europe (-2 %). Malgré la baisse des ventes, l'entreprise a démontré une solide performance opérationnelle avec un résultat d'exploitation en hausse de 16 % à 496 millions de dollars et un EBIT ajusté en progression de 1 % à 583 millions de dollars.
Les points clés incluent un bénéfice par action dilué de 1,35 $ (en hausse de 24 %) et un bénéfice par action ajusté de 1,44 $ (en progression de 7 %). La société a reversé 324 millions de dollars aux actionnaires au premier semestre 2025 via des dividendes et des rachats d'actions. Magna a revu ses perspectives 2025 à la hausse, augmentant ses prévisions de ventes totales, de marge EBIT ajustée et de résultat net ajusté, témoignant de sa confiance dans une exécution solide malgré les vents contraires du secteur.
Magna International (NYSE:MGA) meldete starke Finanzergebnisse für das zweite Quartal 2025 mit einem Umsatz von 10,6 Milliarden US-Dollar, was einem Rückgang von 3 % im Jahresvergleich aufgrund geringerer Fahrzeugproduktion in Nordamerika (-6 %) und Europa (-2 %) entspricht. Trotz des Umsatzrückgangs zeigte das Unternehmen operative Stärke mit einem operativen Ergebnis, das um 16 % auf 496 Millionen US-Dollar stieg, und einem bereinigten EBIT, das um 1 % auf 583 Millionen US-Dollar zunahm.
Wichtige Highlights sind ein verwässertes Ergebnis je Aktie von 1,35 US-Dollar (plus 24 %) und ein bereinigtes Ergebnis je Aktie von 1,44 US-Dollar (plus 7 %). Das Unternehmen zahlte in der ersten Hälfte des Jahres 2025 324 Millionen US-Dollar an die Aktionäre zurück durch Dividenden und Aktienrückkäufe. Magna hat seine Prognose für 2025 positiv aktualisiert und die Erwartungen für den Gesamtumsatz, die bereinigte EBIT-Marge und den bereinigten Nettogewinn angehoben, was das Vertrauen in eine weiterhin solide Umsetzung trotz der Herausforderungen der Branche zeigt.
- Income from operations before income taxes increased 16% to $496 million
- Adjusted EBIT margin improved 20 basis points to 5.5%
- Diluted EPS grew 24% to $1.35
- Strong cash generation with $762 million from operations before working capital changes in Q2
- Increased 2025 outlook for Total Sales, Adjusted EBIT Margin, and Adjusted Net Income
- Sales decreased 3% to $10.6 billion due to lower vehicle production
- Light vehicle production declined 6% in North America and 2% in Europe
- Higher tariff costs impacted earnings
- Lower complete vehicle assembly volumes due to end of Jaguar I-Pace and E-Pace production
Insights
Magna posted mixed Q2 results with higher profitability despite lower sales, showing operational improvements amid industry headwinds.
Magna's Q2 2025 results demonstrate the company's ability to enhance profitability despite declining sales. While revenue decreased
The company's operational efficiency shines through in its improved margins. Adjusted EBIT increased
The Body Exteriors & Structures segment stands out with an Adjusted EBIT margin of
Cash flow generation remains robust with
The updated 2025 outlook reflects management's confidence in continued operational improvement, with increases to projected Total Sales (
Magna's operational efficiency is offsetting industry headwinds through disciplined cost control and restructuring despite volume declines.
Magna's Q2 performance reveals impressive supply chain resilience in the face of production volume declines across key markets. The company has effectively navigated a
The higher tariff costs mentioned in the earnings report represent a growing supply chain challenge that the company is actively managing. Despite these headwinds, Magna has successfully implemented productivity and efficiency improvements through its operational excellence initiatives. These efforts are evident in the adjusted EBIT increase to
Particularly notable is the company's ability to reduce capital expenditures compared to the previous outlook (from
The end of production for certain programs, including the Jaguar I-Pace and E-Pace, demonstrates the ongoing evolution in Magna's product portfolio. However, the company is successfully offsetting these losses through new program launches, showing effective production planning and transition management.
Segment performance reveals varying degrees of supply chain optimization success. The Complete Vehicles segment achieved margin improvement despite lower volumes, while Seating Systems experienced margin compression. This suggests targeted operational improvements across the manufacturing network rather than a uniform approach.
- Strong second quarter performance reflected disciplined execution and operational excellence
- Comparing the second quarter of 2025 to the second quarter of 2024:
- Sales decreased
3% to$10.6 billion , as light vehicle production declined6% and2% in North America and Europe, respectively - Income from operations before income taxes increased
16% to$496 million - Adjusted EBIT increased
1% to$583 million and Adjusted EBIT margin improved 20 basis points to5.5% - Diluted earnings per share of
$1.35 and Adjusted diluted earnings per share of$1.44 increased24% and7% , respectively
- Sales decreased
- Returned
$324 million to shareholders in dividends and share repurchases in the first half of 2025, including$137 million in dividends during the second quarter - Updated 2025 outlook, including increases to Total Sales, Adjusted EBIT Margin, and Adjusted Net Income attributable to Magna
AURORA, Ontario, Aug. 01, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the second quarter ended June 30, 2025.
Please click HERE for full second quarter MD&A and Financial Statements.
 | "Our strong operating results for the second quarter of 2025 exceeded our expectations and reflect continued execution on our performance initiatives, including operational excellence, restructuring, commercial recoveries, and reduced capital and engineering spending. Looking ahead, our updated 2025 Outlook indicates that we are on track for further solid execution in the second half of 2025, despite ongoing industry headwinds including soft volumes in North America and Europe and continued trade policy uncertainty.” - Swamy Kotagiri, Magna’s Chief Executive Officer |
| THREE MONTHS ENDED JUNE 30, | SIX MONTHS ENDED JUNE 30, | |||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||
| Reported | ||||||||||||||||
| Sales | $ | 10,631 | $ | 10,958 | $ | 20,700 | $ | 21,928 | ||||||||
| Income from operations before income taxes | $ | 496 | $ | 427 | $ | 721 | $ | 461 | ||||||||
| Net Income attributable to Magna International Inc. | $ | 379 | $ | 313 | $ | 525 | $ | 322 | ||||||||
| Diluted earnings per share | $ | 1.35 | $ | 1.09 | $ | 1.86 | $ | 1.12 | ||||||||
| Non-GAAP Financial Measures(1) | ||||||||||||||||
| Adjusted EBIT | $ | 583 | $ | 577 | $ | 937 | $ | 1,046 | ||||||||
| Adjusted diluted earnings per share | $ | 1.44 | $ | 1.35 | $ | 2.22 | $ | 2.44 | ||||||||
| All results are reported in millions of U.S. dollars, except per share figures, which are in U.S. dollars | |
| (1) | Adjusted EBIT and Adjusted diluted earnings per share are Non-GAAP financial measures that have no standardized meaning under U.S. GAAP, and as a result may not be comparable to the calculation of similar measures by other companies. Further information and a reconciliation of these Non-GAAP financial measures is included in the back of this press release. |
THREE MONTHS ENDED JUNE 30, 2025
We posted sales of
6% and2% lower light vehicle production in North America and Europe, respectively;- lower complete vehicle assembly volumes, substantially due to the end of production of the Jaguar I-Pace and E-Pace; and
- the end of production of certain programs.
These factors were partially offset by:
- the launch of new programs; and
- the net strengthening of foreign currencies against the U.S. dollar.
Adjusted EBIT increased to
- continued productivity and efficiency improvements, including the benefit of our operational excellence initiatives and restructuring activities in prior periods; and
- higher equity income.
These were partially offset by:
- higher tariff costs;
- commercial items in the second quarters of 2025 and 2024, which have a net unfavourable impact on a
year-over-year basis; and - reduced earnings on lower sales.
During the second quarter of 2025, Other expense, net(2) and Amortization of acquired intangibles totaled
Income from operations before income taxes increased to
Net income attributable to Magna International Inc. was
Diluted earnings per share were
In the second quarter of 2025, we generated cash from operations before changes in operating assets and liabilities of
| (2) | Other expense, net is comprised of restructuring activities, revaluations of certain public and private equity investments, and gain on sales of public equity investments, during the three months ended June 30, 2024 & 2025. A reconciliation of these Non-GAAP financial measures is included in the back of this press release. |
SIX MONTHS ENDED JUNE 30, 2025
We posted sales of
7% and4% lower light vehicle production in North America and Europe, respectively;- lower complete vehicle assembly volumes, substantially due to the end of production of the Jaguar I-Pace and E-Pace; and
- the end of production of certain programs.
These were partially offset by the launch of new programs.
Adjusted EBIT decreased to
- reduced earnings on lower sales; and
- higher tariff costs.
These were partially offset by:
- continued productivity and efficiency improvements, including the benefit of our operational excellence initiatives and restructuring activities in prior periods; and
- commercial items in the first six months of 2025 and 2024, which had a net favourable impact on a
year-over-year basis.
During the six months ended June 30, 2025, income from operations before income taxes was
During the six months ended June 30, 2025, diluted earnings per share were
During the six months ended June 30, 2025, we generated cash from operations before changes in operating assets and liabilities of
RETURN OF CAPITAL TO SHAREHOLDERS
During the three months ended June 30, 2025, we paid
Our Board of Directors declared a second quarter dividend of
SEGMENT SUMMARY
| ($Millions) | THREE MONTHS ENDED JUNE 30, | ||||||||||||||||||
| Sales | Adjusted EBIT | ||||||||||||||||||
| 2025 | 2024 | Change | 2025 | 2024 | Change | ||||||||||||||
| Body Exteriors & Structures | $ | 4,253 | $ | 4,465 | $ | (212 | ) | $ | 347 | $ | 341 | $ | 6 | ||||||
| Power & Vision | 3,857 | 3,926 | (69 | ) | 162 | 198 | (36 | ) | |||||||||||
| Seating Systems | 1,433 | 1,455 | (22 | ) | 42 | 53 | (11 | ) | |||||||||||
| Complete Vehicles | 1,226 | 1,242 | (16 | ) | 28 | 20 | 8 | ||||||||||||
| Corporate and Other | (138 | ) | (130 | ) | (8 | ) | 4 | (35 | ) | 39 | |||||||||
| Total Reportable Segments | $ | 10,631 | $ | 10,958 | $ | (327 | ) | $ | 583 | $ | 577 | $ | 6 | ||||||
| THREE MONTHS ENDED JUNE 30, | ||||||||||
| Adjusted EBIT as a percentage of sales | ||||||||||
| 2025 | 2024 | Change | ||||||||
| Body Exteriors & Structures | 8.2 | % | 7.6 | % | 0.6 | % | ||||
| Power & Vision | 4.2 | % | 5.0 | % | (0.8 | )% | ||||
| Seating Systems | 2.9 | % | 3.6 | % | (0.7 | )% | ||||
| Complete Vehicles | 2.3 | % | 1.6 | % | 0.7 | % | ||||
| Consolidated Average | 5.5 | % | 5.3 | % | 0.2 | % | ||||
| ($Millions) | SIX MONTHS ENDED JUNE 30, | ||||||||||||||||||
| Sales | Adjusted EBIT | ||||||||||||||||||
| 2025 | 2024 | Change | 2025 | 2024 | Change | ||||||||||||||
| Body Exteriors & Structures | $ | 8,219 | $ | 8,894 | $ | (675 | ) | $ | 577 | $ | 639 | $ | (62 | ) | |||||
| Power & Vision | 7,503 | 7,768 | (265 | ) | 286 | 296 | (10 | ) | |||||||||||
| Seating Systems | 2,745 | 2,910 | (165 | ) | 12 | 105 | (93 | ) | |||||||||||
| Complete Vehicles | 2,502 | 2,625 | (123 | ) | 72 | 47 | 25 | ||||||||||||
| Corporate and Other | (269 | ) | (269 | ) | – | (10 | ) | (41 | ) | 31 | |||||||||
| Total Reportable Segments | $ | 20,700 | $ | 21,928 | $ | (1,288 | ) | $ | 937 | $ | 1,046 | $ | (109 | ) | |||||
| SIX MONTHS ENDED JUNE 30, | ||||||||||
| Adjusted EBIT as a percentage of sales | ||||||||||
| 2025 | 2024 | Change | ||||||||
| Body Exteriors & Structures | 7.0 | % | 7.2 | % | (0.2 | )% | ||||
| Power & Vision | 3.8 | % | 3.8 | % | – | |||||
| Seating Systems | 0.4 | % | 3.6 | % | (3.2 | )% | ||||
| Complete Vehicles | 2.9 | % | 1.8 | % | 1.1 | % | ||||
| Consolidated Average | 4.5 | % | 4.8 | % | (0.1 | )% | ||||
For further details on our segment results, please see our Management's Discussion and Analysis of Results of Operations and Financial Position and our Interim Financial Statements.
2025 OUTLOOK
We disclose a full-year Outlook annually in February with quarterly updates. The following Outlook is an update to our previous Outlook in May 2025.
Updated 2025 Outlook Assumptions
| Current | Previous | ||||
| Light Vehicle Production (millions of units) North America Europe China | 14.7 16.6 30.8 | 15.0 16.6 30.2 | |||
| Average Foreign exchange rates: 1 Canadian dollar equals 1 euro equals | U.S. U.S. | U.S. U.S. |
Light vehicle production assumptions reflect near-term original equipment manufacturer ["OEM"] production release information, including announced production downtime at certain OEM assembly facilities, but do not include the potential impact of tariffs and other trade measures on vehicle costs, vehicle affordability or consumer demand, nor the impact of these on vehicle production.
Updated 2025 Outlook
| Current | Previous | |||||
| Segment Sales Body Exteriors & Structures Power & Vision Seating Systems Complete Vehicles | ||||||
| Total Sales | ||||||
| Adjusted EBIT Margin(3) | ||||||
| Equity Income (included in EBIT) | ||||||
| Interest Expense, net | Approximately | Approximately | ||||
| Income Tax Rate(4) | Approximately | Approximately | ||||
| Adjusted Net Income attributable to Magna(5) | ||||||
| Capital Spending | ||||||
| Notes | |
| (3) | Adjusted EBIT Margin is the ratio of Adjusted EBIT to Total Sales. Refer to the reconciliation of Non-GAAP financial measures in the back of this press release for further information |
| (4) | The Income Tax Rate has been calculated using Adjusted EBIT and is based on current tax legislation |
| (5) | Adjusted Net Income attributable to Magna represents Net Income excluding Other expense, net and Amortization of acquired intangible assets, net of tax |
Our Outlook is intended to provide information about management's current expectations and plans and may not be appropriate for other purposes. Although considered reasonable by Magna as of the date of this document, the 2025 Outlook above and the underlying assumptions may prove to be inaccurate. Accordingly, our actual results could differ materially from our expectations as set forth herein. The risks identified in the “Forward-Looking Statements” section below represent the primary factors which we believe could cause actual results to differ materially from our expectations.
KEY DRIVERS OF OUR BUSINESS
Our business and operating results are dependent on light vehicle production by our customers in three key regions – North America, Europe, and China. While we supply systems and components to many OEMs globally, we do not supply systems and components for every vehicle, nor is the value of our content consistent from one vehicle to the next. As a result, customer and program mix relative to market trends, as well as the value of our content on specific vehicle production programs, are also important drivers of our results.
Ordinarily, OEM production volumes are aligned with vehicle sales levels and thus affected by changes in such levels. Aside from vehicle sales levels, production volumes are typically impacted by a range of factors, including: OEM, supplier or sub-supplier disruptions; free trade arrangements and tariffs; relative currency values; commodities prices; supply chains and infrastructure; labour disruptions and the availability and relative cost of skilled labour; regulatory frameworks; and other factors.
Overall vehicle sales levels are significantly affected by changes in consumer confidence levels, which may in turn be impacted by consumer perceptions and general trends related to the job, housing, and stock markets, as well as other macroeconomic and political factors. Other factors which typically impact vehicle sales levels and thus production volumes include: vehicle affordability; interest rates and/or availability of credit; fuel and energy prices; relative currency values; uncertainty as to the pace of EV adoption; and other factors.
NON-GAAP FINANCIAL MEASURES RECONCILIATION
In addition to the financial results reported in accordance with U.S. GAAP, this press release contains references to the Non-GAAP financial measures reconciled below. We believe the Non-GAAP financial measures used in this press release are useful to both management and investors in their analysis of the Company’s financial position and results of operations, and to improve comparability between fiscal periods. In particular, management believes that Adjusted EBIT and Adjusted diluted earnings per share are useful measures in assessing the Company’s financial performance by excluding certain items that are not indicative of the Company's core operating performance. The presentation of Non-GAAP financial measures should not be considered in isolation, or as a substitute for the Company’s related financial results prepared in accordance with U.S. GAAP.
The following table reconciles Net income to Adjusted EBIT:
| Adjusted EBIT | |||||||||||||||||
| THREE MONTHS ENDED JUNE 30, | SIX MONTHS ENDED JUNE 30, | ||||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||||
| Net income | $ | 394 | $ | 328 | $ | 547 | $ | 354 | |||||||||
| Add: | |||||||||||||||||
| Amortization of acquired intangible assets | 29 | 28 | 55 | 56 | |||||||||||||
| Interest expense, net | 52 | 54 | 102 | 105 | |||||||||||||
| Other expense, net | 6 | 68 | 59 | 424 | |||||||||||||
| Income taxes | 102 | 99 | 174 | 107 | |||||||||||||
| Adjusted EBIT | $ | 583 | $ | 577 | $ | 937 | $ | 1,046 | |||||||||
| Adjusted EBIT as a percentage of sales (“Adjusted EBIT margin”) | |||||||||||||||||
| THREE MONTHS ENDED JUNE 30, | SIX MONTHS ENDED JUNE 30, | ||||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||||
| Sales | $ | 10,631 | $ | 10,958 | $ | 20,700 | $ | 21,928 | |||||||||
| Adjusted EBIT | $ | 583 | $ | 577 | $ | 937 | $ | 1,046 | |||||||||
| Adjusted EBIT as a percentage of sales | 5.5 | % | 5.3 | % | 4.5 | % | 4.8 | % | |||||||||
| Adjusted diluted earnings per share | |||||||||||||||||
| THREE MONTHS ENDED JUNE 30, | SIX MONTHS ENDED JUNE 30, | ||||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||||
| Net income attributable to Magna International Inc. | $ | 379 | $ | 313 | $ | 525 | $ | 322 | |||||||||
| Add (deduct): | |||||||||||||||||
| Amortization of acquired intangible assets | 29 | 28 | 55 | 56 | |||||||||||||
| Other expense, net | 6 | 68 | 59 | 424 | |||||||||||||
| Tax effect on Amortization of acquired intangible assets and Other expense, net | (7 | ) | (20 | ) | (13 | ) | (102 | ) | |||||||||
| Adjusted net income attributable to Magna International Inc. | $ | 407 | $ | 389 | $ | 626 | $ | 700 | |||||||||
| Diluted weighted average number of Common Shares outstanding during the period (millions): | 281.7 | 287.3 | 281.9 | 287.2 | |||||||||||||
| Adjusted diluted earnings per share | $ | 1.44 | $ | 1.35 | $ | 2.22 | $ | 2.44 | |||||||||
Certain of the forward-looking financial measures above are provided on a Non-GAAP basis. We do not provide a reconciliation of such forward-looking measures to the most directly comparable financial measures calculated and presented in accordance with U.S. GAAP. To do so would be potentially misleading and not practical given the difficulty of projecting items that are not reflective of ongoing operations in any future period. The magnitude of these items, however, may be significant.
This press release together with our Management’s Discussion and Analysis of Results of Operations and Financial Position and our Interim Financial Statements are available in the Investor Relations section of our website at www.magna.com/company/investors and filed electronically through the System for Electronic Document Analysis and Retrieval + (SEDAR+) which can be accessed at www.sedarplus.ca as well as on the United States Securities and Exchange Commission’s Electronic Data Gathering, Analysis and Retrieval System (EDGAR), which can be accessed at www.sec.gov.
We will hold a conference call for interested analysts and shareholders to discuss our second quarter ended June 30, 2025 results on Friday, August 1, 2025 at 8:00 a.m. ET. The conference call will be chaired by Swamy Kotagiri, Chief Executive Officer. The number to use for this call from North America is 1-800-715-9871. International callers should use 1-646-307-1963. Please call in at least 10 minutes prior to the call start time. We will also webcast the conference call at www.magna.com. The slide presentation accompanying the conference call as well as our financial review summary will be available on our website Friday prior to the call.
INVESTOR CONTACT
Louis Tonelli, Vice-President, Investor Relations
louis.tonelli@magna.com │ 905.726.7035
MEDIA CONTACT
Tracy Fuerst, Vice-President, Corporate Communications & PR
tracy.fuerst@magna.com │ 248.761.7004
TELECONFERENCE CONTACT
Nancy Hansford, Executive Assistant, Investor Relations
nancy.hansford@magna.com │ 905.726.7108
OUR BUSINESS(6)
Magna is more than one of the world’s largest suppliers in the automotive space. We are a mobility technology company built to innovate, with a global, entrepreneurial-minded team of approximately 164,000(7) employees across 338 manufacturing operations and 106 product development, engineering and sales centres spanning 28 countries. With 65+ years of expertise, our ecosystem of interconnected products combined with our complete vehicle expertise uniquely positions us to advance mobility in an expanded transportation landscape.
For further information about Magna (NYSE:MGA; TSX:MG), please visit www.magna.com or follow us on social.
| (6) | Manufacturing operations, product development, engineering and sales centres include certain operations accounted for under the equity method. |
| (7) | Number of employees includes approximately 152,000 employees at our wholly owned or controlled entities and over 12,000 employees at certain operations accounted for under the equity method. |
FORWARD-LOOKING STATEMENTS
Certain statements in this press release constitute "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements"). Any such forward-looking statements are intended to provide information about management's current expectations and plans and may not be appropriate for other purposes. Forward-looking statements may include financial and other projections, as well as statements regarding our future plans, strategic objectives or economic performance, or the assumptions underlying any of the foregoing, and other statements that are not recitations of historical fact. We use words such as "may", "would", "could", "should", "will", "likely", "expect", "anticipate", "assume", "believe", "intend", "plan", "aim", "forecast", "outlook", "project", "potential", "estimate", "target" and similar expressions suggesting future outcomes or events to identify forward-looking statements. The following table identifies the material forward-looking statements contained in this document, together with the material potential risks that we currently believe could cause actual results to differ materially from such forward-looking statements. Readers should also consider all of the risk factors which follow below the table:
| Material Forward-Looking Statement | Material Potential Risks Related to Applicable Forward-Looking Statement |
| Light Vehicle Production |
|
| Total Sales Segment Sales |
|
| Adjusted EBIT Margin Net Income Attributable to Magna |
|
| Equity Income |
|
Forward-looking statements are based on information currently available to us and are based on assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances. While we believe we have a reasonable basis for making any such forward-looking statements, they are not a guarantee of future performance or outcomes. In addition to the factors in the table above, whether actual results and developments conform to our expectations and predictions is subject to a number of risks, assumptions, and uncertainties, many of which are beyond our control, and the effects of which can be difficult to predict, including, without limitation:
Macroeconomic, Geopolitical and Other Risks
| Pricing Risks
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In evaluating forward-looking statements or forward-looking information, we caution readers not to place undue reliance on any forward-looking statement. Additionally, readers should specifically consider the various factors which could cause actual events or results to differ materially from those indicated by such forward-looking statements, including the risks, assumptions and uncertainties above which are:
- discussed under the "Industry Trends and Risks" heading of our Management’s Discussion and Analysis; and
- set out in our Annual Information Form filed with securities commissions in Canada, our annual report on Form 40-F with the United States Securities and Exchange commission, and subsequent filings.
Readers should also consider discussion of our risk mitigation activities with respect to certain risk factors, which can be also found in our Annual Information Form. Additional information about Magna, including our Annual Information Form, is available through the System for Electronic Data Analysis and Retrieval + (SEDAR+) at www.sedarplus.ca, as well as on the United States Securities and Exchange Commission’s Electronic Data Gathering, Analysis and Retrieval System (EDGAR), which can be accessed at www.sec.gov.
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