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Magna International Inc.: Magna Announces First Quarter 2021 Results


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 Statements and MD&A.
THREE MONTHS ENDED
$
0.86
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. A reconciliation of these Non-GAAP financial measures is included in ....

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Magna International Inc.: Q1-2021 Results Conference Call


Magna International Inc.: Q1-2021 Results Conference Call
Q1-2021 RESULTS CONFERENCE CALL
REBROADCAST INFORMATION
North America:
louis.tonelli@magna.com905-726-7035
nancy.hansford@magna.com905-726-7108
© 2021 GlobeNewswire (Europe)
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