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May 6, 2021
Magna International Inc.: Magna Announces First Quarter 2021 Results Global light vehicle production was up 18% driven by an 87% increase in China Income from operations before income taxes increased 109% Adjusted EBIT was up 91% Diluted earnings per share and adjusted diluted earnings per share increased 136% and 116%, respectively Increased 2021 outlook to reflect modestly higher sales and Adjusted EBIT margin expectations AURORA, Ontario, May 06, 2021for full first quarter Financial Statemen...
February 19, 2021
Diluted earnings per share of $2.45, compared to $1.43 in the fourth quarter of 2019 Adjusted diluted earnings per share of $2.83, more than double the fourth quarter of 2019 Cash from operating activities of $2.3 billion, compared to $1.7 billion in the fourth quarter of 2019 Raised quarterly cash dividend by 8% to $0.43 per share Full Year 2020 Highlights Sales of $32.6 billion decreased 17%, compared to vehicle production declines of 20% and 23% in our most significant production markets of ...
February 19, 2021
Magna International Inc.: Magna Announces Fourth Quarter 2020 Results and Outlook Diluted earnings per share of $2.45, compared to $1.43 in the fourth quarter of 2019 Adjusted diluted earnings per share of $2.83, more than double the fourth quarter of 2019 Cash from operating activities of $2.3 billion, compared to $1.7 billion in the fourth quarter of 2019 Raised quarterly cash dividend by 8% to $0.43 per share Full Year 2020 Highlights Sales of $32.6 billion decreased 17%, compared to vehicle...