Magna International Inc (MGA) Q3 2024 Earnings Call Highlights: Navigating Challenges with ... [Yahoo! Finance Canada]
Magna International, Inc. (MGA)
Last magna international, inc. earnings: 2/21 05:00 am
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Source: Yahoo! Finance Canada
Adjusted EBIT: $594 million, with a margin of 5.8%. Adjusted EPS: $1.28, down 12% year-over-year. Free Cash Flow: $174 million, a significant increase from $23 million in Q3 2023. Net Income: $369 million, compared to $419 million in Q3 2023. Liquidity: $3.7 billion, including $1.1 billion in cash. Adjusted Debt to EBITDA Ratio: 1.93, reduced from a peak of 2.2x in 2023. Capital Expenditure: Expected to be in the $2.2 billion to $2.3 billion range for 2024. Dividends Paid: $138 million in the third quarter. Share Repurchase Plan: Approved for up to 10% of Magna's public float. Release Date: November 01, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Positive Points Magna International Inc ( NYSE:MGA ) maintained an adjusted EBIT margin of 5.8% in Q3 2024, consistent with Q3 2023, despite a 4% decrease in global vehicle production. The company expects margin expansion in 2024 compared to 2023, with ope
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MGA
Earnings
- 11/1/24 - Miss
MGA
Sec Filings
- 11/5/24 - Form 6-K
- 11/1/24 - Form 6-K
- 11/1/24 - Form 6-K
- MGA's page on the SEC website