Magna(MGA)

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Magna International Inc. Announces Date for Second Quarter 2025 Results
Globenewswire· 2025-07-02 21:00
AURORA, Ontario, July 02, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA INTERNATIONAL INC. ANNOUNCES DATE FOR SECOND QUARTER 2025 RESULTS FRIDAY, AUGUST 1st, 2025 @ 8:00 AM EDT LIVE AUDIO WEBCASTWebcast Registration: https://events.q4inc.com/attendee/762762922 DIAL-IN DETAILSParticipant Toll-Free Dial-In: 1-800-715-9871Participant Toll Dial-In: 1-646-307-1963Conference ID: 9829976Slide presentation will be available on our website Investors | Magna prior to the call REBROADC ...
A.I.-Assisted Infill Drilling Intersects 2.61 g/t Au over 13.65 m at STLLR Gold's Tower Gold Project
Newsfile· 2025-06-04 11:15
A.I.-Assisted Infill Drilling Intersects 2.61 g/t Au over 13.65 m at STLLR Gold's Tower Gold ProjectJune 04, 2025 7:15 AM EDT | Source: STLLR Gold Inc.Toronto, Ontario--(Newsfile Corp. - June 4, 2025) - STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF) (FSE: O9D) ("STLLR" or the "Company") is pleased to announce the remaining infill drilling results using artificial intelligence technology ("AI") at the Company's Tower Gold Project ("Tower") in the Timmins Mining Camp in Ontario, Canada. Table 1: 202 ...
Magna Announces Senior Notes Offerings
GlobeNewswire News Room· 2025-05-14 21:00
Core Viewpoint - Magna International Inc. has announced the offering of Euro and U.S. dollar denominated senior notes to raise funds for general corporate purposes, including potential debt repayment [1][2]. Group 1: Offering Details - The Euro senior notes have a principal amount of €575 million, maturing on May 21, 2031, with an annual interest rate of 3.625% [1]. - The U.S. dollar senior notes have a principal amount of $400 million, maturing on June 1, 2035, with an annual interest rate of 5.875% [1]. - The expected closing date for the Euro senior notes is May 21, 2025, and for the U.S. dollar senior notes is May 22, 2025, subject to customary closing conditions [2]. Group 2: Underwriting and Management - Joint book-running managers for the Euro senior notes include BNP PARIBAS, BofA Securities, Citigroup, Commerzbank, and ING [3]. - Joint book-running managers for the U.S. dollar senior notes include BofA Securities, Citigroup, J.P. Morgan, BNP PARIBAS, RBC Capital Markets, Scotiabank, TD Securities, and Wells Fargo Securities [3]. Group 3: Company Overview - Magna International is a leading supplier in the automotive industry, employing approximately 167,000 people across 342 manufacturing operations and 103 product development, engineering, and sales centers in 28 countries [6][8]. - The company has over 65 years of expertise and is positioned to advance mobility in an evolving transportation landscape [6].
Magna Announces 2025 Annual & Special Meeting Results
GlobeNewswire News Room· 2025-05-08 21:00
AURORA, Ontario, May 08, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2025 annual and special meeting of shareholders held on May 8, 2025. A total of 221,621,186 Common Shares or 78.66% of our issued and outstanding Common Shares were represented in person or by proxy at the meeting. Shareholders voted in favour of each item of business, as follows: a. Election of Directors NomineeVotes FORNomineeVotes FORMary S. Chan98.05%Will ...
Magna International Q1: It Seems Like The Performance May Continue To Deteriorate
Seeking Alpha· 2025-05-05 19:48
Magna International Inc. (NYSE: MGA ) recently reported its Q1 earnings , so I thought I’d go through the numbers and give some thoughts on the current tariff situation and how it may affect the company’s performance in 2025.MSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options from time to ...
Magna Q1 Earnings Miss Expectations, 2025 Guidance Revised
ZACKS· 2025-05-05 19:40
Magna International (MGA) reported first-quarter 2025 adjusted earnings of 78 cents per share, which decreased from the year-ago quarter’s $1.08, missing the Zacks Consensus Estimate of 90 cents.Net sales decreased 8.21% year over year to $10.06 billion but surpassed the Zacks Consensus Estimate of $9.5 billion.MGA’s Segmental PerformanceThe Body Exteriors & Structures segment’s revenues were $3.97 billion, down 10% year over year. This was due to lower production and the end of production of certain progra ...
Magna(MGA) - 2025 Q1 - Quarterly Report
2025-05-02 20:16
Exhibit 99.1 FINANCIAL REVIEW OF MAGNA INTERNATIONAL INC. (United States dollars in millions, except per share figures) (Unaudited) Prepared in accordance with U.S. GAAP | 2023 | 2024 | 2025 | Note | 1st Q | 2nd Q | 3rd Q | 4th Q | TOTAL | 1st Q | 2nd Q | 3rd Q | 4th Q | TOTAL | 1st Q | | | | | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ...
Here's What Key Metrics Tell Us About Magna (MGA) Q1 Earnings
ZACKS· 2025-05-02 14:35
For the quarter ended March 2025, Magna (MGA) reported revenue of $10.07 billion, down 8.2% over the same period last year. EPS came in at $0.78, compared to $1.08 in the year-ago quarter.The reported revenue represents a surprise of +5.70% over the Zacks Consensus Estimate of $9.53 billion. With the consensus EPS estimate being $0.90, the EPS surprise was -13.33%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectati ...
Magna (MGA) Q1 Earnings Lag Estimates
ZACKS· 2025-05-02 12:05
Group 1: Earnings Performance - Magna reported quarterly earnings of $0.78 per share, missing the Zacks Consensus Estimate of $0.90 per share, and down from $1.08 per share a year ago, representing an earnings surprise of -13.33% [1] - The company posted revenues of $10.07 billion for the quarter, surpassing the Zacks Consensus Estimate by 5.70%, but down from $10.97 billion year-over-year [2] - Over the last four quarters, Magna has surpassed consensus EPS estimates only once [2] Group 2: Stock Performance and Outlook - Magna shares have declined approximately 16.2% since the beginning of the year, compared to a -4.7% decline in the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $1.15 on revenues of $9.75 billion, and for the current fiscal year, it is $5.02 on revenues of $38.94 billion [7] - The estimate revisions trend for Magna is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] Group 3: Industry Context - The Automotive - Original Equipment industry, to which Magna belongs, is currently in the bottom 32% of over 250 Zacks industries, suggesting a challenging environment [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Magna's stock performance [5]
Magna Announces First Quarter 2025 Results
Globenewswire· 2025-05-02 09:00
Comparing the first quarter of 2025 to the first quarter of 2024: - Sales decreased 8% to $10.1 billion, as global light vehicle production decreased 3%, which included 8% and 5% declines in Europe and North America, respectively - Diluted earnings per share of $0.52 and Adjusted diluted earnings per share of $0.78, compared to $0.03 and $1.08, respectivelyFirst quarter performance was broadly ahead of our expectations driven by strong incremental margins on better than anticipated vehicle productionReturne ...