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Magna (MGA) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
ZACKS· 2025-07-25 15:01
Wall Street expects a year-over-year decline in earnings on lower revenues when Magna (MGA) reports results for the quarter ended June 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 1. On the other ...
Magna International Inc. Announces Date for Second Quarter 2025 Results
Globenewswire· 2025-07-02 21:00
Core Viewpoint - Magna International Inc. will announce its second quarter 2025 results on August 1, 2025, at 8:00 AM EDT, with a live audio webcast available for participants [1]. Group 1: Event Details - The conference call will include a slide presentation available on the company's investor website prior to the call [2]. - A replay of the call will be available two hours after the event and will expire on August 8, 2025, at 11:59 PM EDT [3]. Group 2: Company Overview - Magna is one of the world's largest automotive suppliers, operating as a mobility technology company with approximately 167,000 employees across 342 manufacturing operations and 103 product development, engineering, and sales centers in 28 countries [3]. - The company has over 65 years of expertise in the automotive industry, positioning itself uniquely to advance mobility in an evolving transportation landscape [3].
3 Swing Trade Stocks to Buy Immediately
Investor Place· 2025-06-08 16:00
Group 1: Market Dynamics and Investment Strategies - The concept of "gravity" in investing suggests that assets trend toward an intrinsic value, leading to cyclical patterns in price movements [2][3][4] - Buy-the-dip strategies, also known as "swing trading," rely on the pendulum-like gravitational pull of asset prices [4][5] - Timing market swings is challenging, and quantitative tools are increasingly used to identify smart money purchases and unusual price signals [5] Group 2: Company-Specific Insights - Salesforce Inc. (CRM) reported earnings per share of $2.58, beating Wall Street forecasts by 1.4%, and raised full-year guidance, with Agentforce generating over $100 million in annual recurring revenue [11][12] - Weyerhaeuser Co. (WY) is positioned to benefit from the depletion of cheap wood supplies, with analysts expecting a narrowing of losses and a potential 9% increase in shares over the next 30 days [16][18] - Magna International Inc. (MGA) has seen shares drop 65% since 2021, but analysts have recently upgraded 2025 earnings estimates by 7%, indicating a potential 11% return over the next 30 days [19][21][27] Group 3: Historical Context and Future Outlook - The timber market is recovering from a slump caused by Hurricane Helene, with a stabilization in mortgage rates and an increase in new housing starts [15][18] - Historical performance shows that strong companies can withstand market volatility, making them attractive for investment during downturns [22][23] - The upcoming "Countdown to Chaos" event will provide insights into anticipated market volatility and investment strategies [7][25]
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
Core Insights - STLLR Gold Inc. announced positive infill drilling results at the Tower Gold Project, utilizing artificial intelligence technology to enhance drilling efficiency and mineral resource conversion [1][3][7] Infill Drilling Results - The 903 Zone drilling results include: - 2.61 g/t Au over 13.65 m (10.39 m True Thickness), with notable intersections of 3.42 g/t Au over 2.80 m and 5.30 g/t Au over 3.90 m [2] - 1.42 g/t Au over 11.15 m (7.27 m TT), including 2.77 g/t Au over 2.30 m [2] - 1.67 g/t Au over 10.85 m (7.75 m TT), including 2.36 g/t Au over 4.50 m [2] - The 55 Zone drilling results include: - 2.18 g/t Au over 8.00 m (7.22 m TT), with an intersection of 4.33 g/t Au over 3.40 m [2] Project Development - The infill drilling program is validating the enhanced block model introduced in the 2025 Mineral Resource Estimate (MRE), indicating strong potential for resource conversion to higher-confidence categories [3] - The company has also completed technical drill holes to support the Pre-Feasibility Study, including geotechnical and metallurgical holes to inform slope design and process optimization [4] Geological Context - The 903 Deposit features gold mineralization associated with quartz veining within syenites, located along the Destor-Porcupine Fault Zone [5] - The 55 Zone Deposit is characterized by higher-grade, open-pit mineralization that remains open along strike to the southwest [6] Future Outlook - The company anticipates reporting assay results from the Hollinger Tailings Project characterization program in the near future, indicating ongoing exploration efforts [5]
麦格纳、佛瑞亚、安波福……跨国零部件巨头大幅分化
Core Insights - The automotive parts industry is experiencing a divergence in performance in Q1 2025, with some companies showing improvement while others continue to struggle after significant profit declines in 2024 [1][2] Financial Performance Overview - **Magna**: Q1 revenue decreased by 8% to 100.69 billion RMB, but net profit surged from 9 million USD to 146 million USD, exceeding market expectations [2][4] - **Faurecia**: Achieved Q1 revenue of 67 billion RMB, a 2.6% increase, driven by growth in automotive electronics and seating divisions [3] - **Lear**: Reported a 7% decline in revenue to 55.6 billion RMB and a 26% drop in net profit, leading to the withdrawal of its 2025 financial forecast [5] - **Valeo**: Q1 revenue was 53.13 billion RMB, down 2%, primarily due to asset divestitures [10] - **LG Energy**: Turned a profit with Q1 revenue of 6.265 trillion KRW, a 2.2% increase, and net profit of 227 billion KRW, a 7% rise [7] - **Aptiv**: Revenue fell by 1.6% to 48.25 billion RMB, but operating profit increased by 7% to 4.48 billion RMB [4] Challenges and Strategic Responses - **Tariff Impact**: The introduction of a 25% tariff on imported vehicles and key automotive parts has prompted companies to negotiate cost pass-throughs with clients [9][10] - **Cost Management**: Companies like Magna and Faurecia are implementing cost-cutting measures and restructuring to mitigate the financial impact of tariffs [9][11] - **Operational Adjustments**: Lear is undergoing aggressive restructuring, including workforce reductions and automation to improve efficiency [5] - **Market Adaptation**: Companies are actively seeking to optimize supply chains and adjust production resources to manage tariff costs effectively [11][12]
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
Core Viewpoint - Magna International Inc. held its 2025 annual and special meeting of shareholders, where all proposed items of business were approved by substantial majorities, including the election of directors and the reappointment of Deloitte as independent auditor [1][2]. Group 1: Election of Directors - A total of 13 nominees were elected to the Board, with significant support for most, including: - Mary S. Chan received 98.05% of votes in favor - Seetarama S. Kotagiri (CEO) received 99.53% of votes in favor - William A. Ruh received 88.30% of votes in favor, the lowest among nominees [1][7]. Group 2: Other Items of Business - The reappointment of Deloitte as independent auditor was approved with 99.06% of votes in favor - The 2025 Stock Option Plan was ratified with 95.45% of votes in favor - The "Say on Pay" resolution received 81.44% of votes in favor [2][7]. Group 3: Company Overview - Magna International is a leading mobility technology company with approximately 167,000 employees across 342 manufacturing operations and 103 product development, engineering, and sales centers in 28 countries [3][6]. - The company has over 65 years of expertise in the automotive industry, positioning it to advance mobility in an evolving transportation landscape [3].
Magna International Q1: It Seems Like The Performance May Continue To Deteriorate
Seeking Alpha· 2025-05-05 19:48
Core Insights - Magna International Inc. reported its Q1 earnings, prompting analysis of the current tariff situation and its potential impact on the company's performance in 2025 [1] Financial Performance - The article discusses the recent Q1 earnings report of Magna International Inc., indicating a focus on financial metrics and performance trends [1] Tariff Impact - There is an exploration of how the current tariff situation may influence Magna's operations and financial results moving forward, particularly in the year 2025 [1]
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
[Overall Financial Performance (Q1 2025 vs. Q1 2024 & FY 2024)](index=1&type=section&id=Overall%20Financial%20Performance) Magna International Inc.'s key financial results for Q1 2025 are reviewed against Q1 2024 and FY 2024 performance [Summary of Key Financial Highlights](index=1&type=section&id=Summary%20of%20Key%20Financial%20Highlights) Magna reported decreased sales and adjusted EBIT in Q1 2025, while net income attributable to Magna significantly increased Key Financial Highlights (Q1 2025 vs. Q1 2024) | Metric | Q1 2025 (USD millions) | Q1 2024 (USD millions) | Change (QoQ) | FY 2024 (USD millions) | FY 2023 (USD millions) | Change (YoY) | | :-------------------------------- | :--------------------- | :--------------------- | :------------- | :--------------------- | :--------------------- | :------------- | | Total Sales | 10,069 | 10,970 | -8.2% | 42,836 | 42,797 | +0.1% | | Net Income Attributable to Magna | 146 | 9 | +1522.2% | 1,009 | 1,213 | -16.8% | | Diluted Earnings Per Common Share | $0.52 | $0.03 | +1633.3% | $3.52 | $4.23 | -16.8% | | Adjusted EBIT | 354 | 469 | -24.5% | 2,329 | 2,238 | +4.1% | | Adjusted Diluted EPS | $0.78 | $1.08 | -27.8% | $5.41 | $5.49 | -1.5% | [Operational Statistics](index=1&type=section&id=Operational%20Statistics) Global vehicle production volumes and average foreign exchange rates are detailed, highlighting Q1 2025 changes [Vehicle Production Volumes](index=1&type=section&id=Vehicle%20Production%20Volumes) Global vehicle production volumes for Q1 2025 decreased slightly compared to Q1 2024, with regional variations. Magna Steyr's vehicle assembly volumes also saw a decline Vehicle Volume Statistics (in millions) | Region | Q1 2025 | Q1 2024 | Q1 2023 | | :-------------- | :------ | :------ | :------ | | North America | 3.780 | 3.976 | 3.884 | | Europe | 4.192 | 4.567 | 4.639 | | China | 6.541 | 6.434 | 5.923 | | Other | 6.600 | 6.713 | 6.956 | | **Global Total**| **21.113**| **21.690**| **21.402**| | Magna Steyr | 0.017 | 0.022 | 0.034 | - Global vehicle volume decreased by **2.66%** from **21.690 million** in Q1 2024 to **21.113 million** in Q1 2025. Magna Steyr vehicle assembly volumes decreased by **22.7%** from **0.022 million** in Q1 2024 to **0.017 million** in Q1 2025[1](index=1&type=chunk) [Average Foreign Exchange Rates](index=1&type=section&id=Average%20Foreign%20Exchange%20Rates) The average foreign exchange rates for key currencies against the U.S. dollar showed slight fluctuations in Q1 2025 compared to Q1 2024 Average Foreign Exchange Rates (Q1 2025 vs. Q1 2024) | Currency | Q1 2025 (USD) | Q1 2024 (USD) | Q1 2023 (USD) | | :------- | :------------ | :------------ | :------------ | | 1 CAD | 0.697 | 0.741 | 0.740 | | 1 EUR | 1.053 | 1.085 | 1.073 | | 1 CNY | 0.138 | 0.139 | 0.146 | - The Canadian dollar depreciated against the U.S. dollar by **5.94%** from **0.741** in Q1 2024 to **0.697** in Q1 2025. The Euro depreciated against the U.S. dollar by **2.95%** from **1.085** in Q1 2024 to **1.053** in Q1 2025. The Chinese Renminbi depreciated slightly against the U.S. dollar by **0.72%** from **0.139** in Q1 2024 to **0.138** in Q1 2025[1](index=1&type=chunk) [Consolidated Statements of Income (Loss)](index=1&type=section&id=Consolidated%20Statements%20of%20Income%20(Loss)) Magna's Q1 2025 income statement is analyzed, covering sales by segment, costs, profitability, and earnings per share [Sales Performance by Segment](index=1&type=section&id=Sales%20Performance%20by%20Segment) Total sales for Q1 2025 decreased compared to Q1 2024, with declines observed across all segments Sales by Segment (USD millions) | Segment | Q1 2025 | Q1 2024 | Q1 2023 | | :-------------------------- | :------ | :------ | :------ | | Body Exteriors & Structures | 3,966 | 4,429 | 4,439 | | Power & Vision | 3,646 | 3,842 | 3,323 | | Seating Systems | 1,312 | 1,455 | 1,486 | | Complete Vehicles | 1,276 | 1,383 | 1,626 | | Corporate & Other | (131) | (139) | (201) | | **Total Sales** | **10,069**| **10,970**| **10,673**| - Total sales decreased by **8.2%** from **$10,970 million** in Q1 2024 to **$10,069 million** in Q1 2025. Body Exteriors & Structures sales decreased by **10.4%** QoQ. Power & Vision sales decreased by **5.1%** QoQ. Seating Systems sales decreased by **9.8%** QoQ. Complete Vehicles sales decreased by **7.7%** QoQ[1](index=1&type=chunk) [Costs and Expenses Analysis](index=1&type=section&id=Costs%20and%20Expenses%20Analysis) Cost of goods sold decreased in Q1 2025, generally in line with the decline in sales, while selling, general and administrative expenses saw a slight increase Costs and Expenses (USD millions) | Metric | Q1 2025 | Q1 2024 | Q1 2023 | | :----------------------------------- | :------ | :------ | :------ | | Cost of goods sold | 8,827 | 9,642 | 9,416 | | Selling, general and administrative | 539 | 516 | 488 | - Cost of goods sold decreased by **8.45%** from **$9,642 million** in Q1 2024 to **$8,827 million** in Q1 2025. Selling, general and administrative expenses increased by **4.46%** from **$516 million** in Q1 2024 to **$539 million** in Q1 2025[1](index=1&type=chunk) [Profitability Metrics (EBITDA, EBIT, Net Income)](index=1&type=section&id=Profitability%20Metrics%20(EBITDA,%20EBIT,%20Net%20Income)) Adjusted EBITDA and Adjusted EBIT both declined significantly in Q1 2025 compared to Q1 2024, indicating reduced operational profitability. Net income attributable to Magna International Inc. saw a substantial increase from a very low base in Q1 2024 Profitability Metrics (USD millions) | Metric | Q1 2025 | Q1 2024 | Q1 2023 | | :---------------------------------------- | :------ | :------ | :------ | | Adjusted EBITDA | 723 | 846 | 802 | | Adjusted EBIT | 354 | 469 | 449 | | Income from operations before income taxes| 225 | 34 | 275 | | Net income | 153 | 26 | 217 | | Net income attributable to Magna Int. Inc.| 146 | 9 | 209 | - Adjusted EBITDA decreased by **14.54%** from **$846 million** in Q1 2024 to **$723 million** in Q1 2025. Adjusted EBIT decreased by **24.52%** from **$469 million** in Q1 2024 to **$354 million** in Q1 2025. Net income attributable to Magna International Inc. increased significantly from **$9 million** in Q1 2024 to **$146 million** in Q1 2025, largely due to specific items in Q1 2024[1](index=1&type=chunk) [Earnings Per Share (EPS)](index=1&type=section&id=Earnings%20Per%20Share%20(EPS)) Diluted EPS increased significantly in Q1 2025, while Adjusted diluted EPS decreased compared to Q1 2024 Earnings Per Share | Metric | Q1 2025 | Q1 2024 | Q1 2023 | | :----------------------------------- | :------ | :------ | :------ | | Diluted earnings per common share | $0.52 | $0.03 | $0.73 |\n| Adjusted diluted earnings per common share | $0.78 | $1.08 | $1.15 | - Diluted earnings per common share increased from **$0.03** in Q1 2024 to **$0.52** in Q1 2025. Adjusted diluted earnings per common share decreased by **27.8%** from **$1.08** in Q1 2024 to **$0.78** in Q1 2025[1](index=1&type=chunk)[20](index=20&type=chunk) [Profitability Ratios](index=1&type=section&id=Profitability%20Ratios) Key profitability ratios, such as Adjusted EBIT as a percentage of sales and income from operations before income taxes as a percentage of sales, declined in Q1 2025, reflecting the overall decrease in profitability Profitability Ratios | Ratio | Q1 2025 | Q1 2024 | Q1 2023 | | :-------------------------------------------- | :------ | :------ | :------ | | Selling, general and administrative / Sales | 5.4% | 4.7% | 4.6% | | Adjusted EBIT / Sales | 3.5% | 4.3% | 4.2% | | Income from operations before income taxes / Sales | 2.2% | 0.3% | 2.6% | | Effective tax rate (Reported) | 32.0% | 23.5% | 21.1% | - Adjusted EBIT / Sales decreased from **4.3%** in Q1 2024 to **3.5%** in Q1 2025. The reported effective tax rate increased from **23.5%** in Q1 2024 to **32.0%** in Q1 2025[1](index=1&type=chunk)[2](index=2&type=chunk) [Consolidated Balance Sheets](index=3&type=section&id=Consolidated%20Balance%20Sheets) Magna's Q1 2025 balance sheet is reviewed, detailing changes in assets, liabilities, equity, and key financial ratios [Assets (Funds Employed)](index=3&type=section&id=Assets%20(Funds%20Employed)) Current assets decreased in Q1 2025, while total funds employed saw a slight increase compared to Q1 2024 Current Assets (USD millions) | Metric | Q1 2025 | Q1 2024 | Q1 2023 | | :-------------------------- | :------ | :------ | :------ | | Accounts receivable | 8,198 | 8,379 | 7,959 | | Inventories | 4,184 | 4,511 | 4,421 | | Prepaid expenses and other | 358 | 399 | 367 | | **Total Current Assets** | **12,740**| **13,289**| **12,747**| | Fixed assets, net | 9,650 | 9,545 | 8,304 | | Goodwill, other assets and intangible assets | 4,669 | 4,646 | 3,640 | | **Funds employed** | **19,009**| **18,810**| **16,631**| - Total current assets decreased by **4.13%** from **$13,289 million** in Q1 2024 to **$12,740 million** in Q1 2025. Funds employed increased by **1.06%** from **$18,810 million** in Q1 2024 to **$19,009 million** in Q1 2025[3](index=3&type=chunk) [Liabilities and Equity (Financing)](index=3&type=section&id=Liabilities%20and%20Equity%20(Financing)) Current liabilities decreased in Q1 2025, while long-term debt saw a reduction. Shareholders' equity experienced a slight increase Current Liabilities (USD millions) | Metric | Q1 2025 | Q1 2024 | Q1 2023 | | :-------------------------- | :------ | :------ | :------ | | Accounts payable | 7,376 | 7,855 | 7,731 | | Accrued salaries and wages | 893 | 883 | 822 | | Other accrued liabilities | 2,723 | 2,728 | 2,526 | | Income taxes payable (receivable) | 152 | 132 | 9 | | **Total Current Liabilities** | **11,144**| **11,598**| **11,088**| | Long-term debt | 3,892 | 4,549 | 4,500 | | Shareholders' equity | 12,166 | 11,924 | 11,489 | - Total current liabilities decreased by **3.91%** from **$11,598 million** in Q1 2024 to **$11,144 million** in Q1 2025. Long-term debt decreased by **14.44%** from **$4,549 million** in Q1 2024 to **$3,892 million** in Q1 2025. Shareholders' equity increased by **2.03%** from **$11,924 million** in Q1 2024 to **$12,166 million** in Q1 2025[3](index=3&type=chunk) [Asset Utilization Ratios](index=3&type=section&id=Asset%20Utilization%20Ratios) Asset utilization ratios showed mixed trends in Q1 2025, with days in accounts receivable increasing and inventory turnover slightly decreasing Asset Utilization Ratios | Ratio | Q1 2025 | Q1 2024 | Q1 2023 | | :-------------------------- | :------ | :------ | :------ | | Days in accounts receivable | 73.3 | 68.7 | 67.1 | | Days in accounts payable | 75.2 | 73.3 | 73.9 | | Inventory turnover | 8.4 | 8.5 | 8.5 | | Working capital turnover | 25.2 | 25.9 | 25.7 | | Total asset turnover | 2.1 | 2.3 | 2.6 | - Days in accounts receivable increased from **68.7 days** in Q1 2024 to **73.3 days** in Q1 2025. Inventory turnover slightly decreased from **8.5x** in Q1 2024 to **8.4x** in Q1 2025. Total asset turnover decreased from **2.3x** in Q1 2024 to **2.1x** in Q1 2025[3](index=3&type=chunk) [Capital Structure Ratios](index=3&type=section&id=Capital%20Structure%20Ratios) Straight debt and shareholders' equity percentages slightly increased, while Adjusted Debt to Adjusted EBITDA improved Capital Structure Ratios | Metric | Q1 2025 | Q1 2024 | Q1 2023 | | :------------------------------------------------------------------ | :------ | :------ | :------ | | Straight debt | 34.2% | 34.1% | 26.1% | | Long-term employee benefit liabilities, other long-term liabilities & deferred tax liabilities, net | 1.8% | 2.5% | 4.8% | | Shareholders' equity | 64.0% | 63.4% | 69.1% | | Adjusted Debt to Adjusted EBITDA | 1.92x | 1.98x | 2.19x | | Debt to total capitalization | 38.3% | 39.9% | 37.1% | - Straight debt as a percentage of total financing increased from **34.1%** in Q1 2024 to **34.2%** in Q1 2025. Shareholders' equity as a percentage of total financing decreased from **63.4%** in Q1 2024 to **64.0%** in Q1 2025. Adjusted Debt to Adjusted EBITDA improved from **1.98x** in Q1 2024 to **1.92x** in Q1 2025[3](index=3&type=chunk) [Consolidated Statements of Cash Flows](index=4&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Magna's Q1 2025 cash flow activities from operations, investing, and financing are outlined, detailing net changes [Cash Flow from Operating Activities](index=4&type=section&id=Cash%20Flow%20from%20Operating%20Activities) Cash provided from operating activities significantly decreased in Q1 2025 compared to Q1 2024, primarily due to changes in operating assets and liabilities Cash Flow from Operating Activities (USD millions) | Metric | Q1 2025 | Q1 2024 | Q1 2023 | | :----------------------------------- | :------ | :------ | :------ | | Net income | 153 | 26 | 217 | | Items not involving current cash flows | 394 | 565 | 351 | | Changes in operating assets and liabilities | (470) | (330) | (341) | | **Cash provided from operating activities** | **77** | **261** | **227** | - Cash provided from operating activities decreased by **70.5%** from **$261 million** in Q1 2024 to **$77 million** in Q1 2025[4](index=4&type=chunk) [Cash Flow from Investing Activities](index=4&type=section&id=Cash%20Flow%20from%20Investing%20Activities) Cash used for investment activities decreased in Q1 2025, driven by lower fixed asset additions and reduced increases in other assets and intangible assets Cash Flow from Investing Activities (USD millions) | Metric | Q1 2025 | Q1 2024 | Q1 2023 | | :------------------------------------------- | :------ | :------ | :------ | | Fixed asset additions | (268) | (493) | (424) | | Increase in investments, other assets and intangible assets | (148) | (125) | (101) | | Business combinations | (4) | (30) | - | | **Cash used for investment activities** | **(395)**| **(580)**| **(531)**| - Cash used for investment activities decreased by **31.9%** from **$580 million** in Q1 2024 to **$395 million** in Q1 2025. Fixed asset additions decreased by **45.6%** QoQ[4](index=4&type=chunk) [Cash Flow from Financing Activities](index=4&type=section&id=Cash%20Flow%20from%20Financing%20Activities) Cash provided from financing activities significantly decreased in Q1 2025, primarily due to reduced net issues of debt Cash Flow from Financing Activities (USD millions) | Metric | Q1 2025 | Q1 2024 | Q1 2023 | | :------------------------------------------- | :------ | :------ | :------ | | Net issues (repayments) of debt | 322 | 757 | 1,636 | | Repurchase of Common Shares | (51) | (3) | (9) | | Dividends paid | (136) | (134) | (132) | | **Cash provided from (used for) financing activities** | **131** | **646** | **1,485**| - Cash provided from financing activities was **$131 million** in Q1 2025, a significant change from **$646 million** provided in Q1 2024. Net issues of debt decreased from **$757 million** in Q1 2024 to **$322 million** in Q1 2025[4](index=4&type=chunk) [Net Change in Cash and Cash Equivalents](index=4&type=section&id=Net%20Change%20in%20Cash%20and%20Cash%20Equivalents) The company experienced a net decrease in cash and cash equivalents during Q1 2025, resulting in a lower ending balance compared to Q1 2024 Cash and Cash Equivalents (USD millions) | Metric | Q1 2025 | Q1 2024 | Q1 2023 | | :------------------------------------------- | :------ | :------ | :------ | | Net increase (decrease) in cash and cash equivalents, during the period | (188) | 319 | 1,195 | | Cash and cash equivalents, end of period | 1,059 | 1,517 | 2,429 | - Net decrease in cash and cash equivalents was **$188 million** in Q1 2025, compared to a net increase of **$319 million** in Q1 2024. Cash and cash equivalents at the end of Q1 2025 were **$1,059 million**, down from **$1,517 million** at the end of Q1 2024[4](index=4&type=chunk) [Notes to Financial Statements](index=5&type=section&id=Notes%20to%20Financial%20Statements) Detailed explanations and reconciliations for specific financial statement items, non-GAAP measures, and segmented performance are provided [Note 1: Other Expense (Income), Net](index=5&type=section&id=Note%201%3A%20Other%20Expense%20(Income),%20Net) This note details components of 'Other expense (income), net,' covering restructuring, investment revaluations, impairments, and specific event impacts Other Expense (Income), Net (USD millions) | Item | Q1 2025 | Q1 2024 | Q1 2023 | | :---------------------------------------- | :------ | :------ | :------ | | Restructuring activities | 44 | 38 | 118 | | Investment revaluations, (gains) losses on sales, and impairments | 9 | 2 | 2 | | Impacts related to Fisker Inc. | - | 316 | 22 |\n| Impairments | - | - | - |\n| Gain on business combination | - | - | - |\n| Veoneer AS transaction costs | - | - | - |\n| Operations in Russia | - | - | - | | **Total Other expense (income), net** | **53** | **356** | **142** | - Total Other expense (income), net decreased significantly from **$356 million** in Q1 2024 to **$53 million** in Q1 2025. This reduction is primarily due to the absence of significant impacts related to Fisker Inc. in Q1 2025, which accounted for **$316 million** in Q1 2024[6](index=6&type=chunk) [Restructuring Activities](index=5&type=section&id=Restructuring%20Activities) Restructuring charges in Q1 2025 were primarily related to plant closures and consolidations, mainly in Europe, with a notable charge in the Power & Vision segment Restructuring Activities by Segment (USD millions) | Segment | Q1 2025 | Q1 2024 | Q1 2023 | | :-------------------------- | :------ | :------ | :------ | | Power & Vision | 11 | - | 105 | | Complete Vehicles | 33 | 26 | - | | Body Exteriors & Structures | - | 12 | 13 | | **Total** | **44** | **38** | **118** | - Restructuring activities increased from **$38 million** in Q1 2024 to **$44 million** in Q1 2025. The Power & Vision segment recorded **$11 million** in Q1 2025, while Complete Vehicles recorded **$33 million**[7](index=7&type=chunk) [Investment Revaluations, Sales, and Impairments](index=5&type=section&id=Investment%20Revaluations,%20Sales,%20and%20Impairments) The company recorded minor investment revaluation gains/losses and impairment charges in Q1 2025, consistent with its quarterly revaluation process Investment Revaluations, Sales, and Impairments (USD millions) | Metric | Q1 2025 | Q1 2024 | Q1 2023 | | :------------------------------------------ | :------ | :------ | :------ | | Investment revaluations, (gains) losses on sales, and impairments | 9 | 2 | 2 | - Investment revaluations, (gains) losses on sales, and impairments increased from **$2 million** in Q1 2024 to **$9 million** in Q1 2025. In Q4 2024, the company recorded a non-cash impairment charge of **$13 million** on a private equity investment in its Corporate segment[6](index=6&type=chunk)[8](index=8&type=chunk) [Impacts Related to Fisker Inc.](index=5&type=section&id=Impacts%20Related%20to%20Fisker%20Inc.) There were no impacts related to Fisker Inc. recorded in Q1 2025, a significant change from Q1 2024 which included substantial impairment charges and restructuring costs related to Fisker Impacts Related to Fisker Inc. (USD millions) | Item | Q1 2025 | Q1 2024 | Q1 2023 | | :---------------------------------------- | :------ | :------ | :------ | | Impairment of Fisker related net assets | - | 261 | - | | Impairment of Fisker warrants | - | 33 | 22 | | Additional restructuring related to Complete Vehicles | - | 22 | - | | Recognition of related deferred revenue | - | - | - | | **Total Impacts related to Fisker Inc.** | **-** | **316** | **22** | - In Q1 2024, the company recorded **$316 million** in impacts related to Fisker Inc., including **$261 million** for impairment of Fisker related net assets and **$33 million** for impairment of Fisker warrants. The manufacturing agreement for the Fisker Ocean SUV was terminated, and **$196 million** of deferred revenue was recognized into income in Q3 2024[9](index=9&type=chunk)[10](index=10&type=chunk) [Specific Impairments](index=5&type=section&id=Specific%20Impairments) In 2024, the company recorded a significant impairment charge on fixed assets, right-of-use assets, and intangible assets at two European facilities within its Power & Vision segment Impairments (USD millions) | Item | Q1 2025 | Q1 2024 | Q1 2023 | | :---------- | :------ | :------ | :------ | | Impairments | - | - | - | - During 2024, the Company recorded an impairment charge of **$79 million** on fixed assets, right of use assets and intangible assets at two European facilities in its Power & Vision segment[11](index=11&type=chunk)[12](index=12&type=chunk) [Gain on Business Combination](index=6&type=section&id=Gain%20on%20Business%20Combination) In 2024, Magna recognized a bargain purchase gain from the acquisition of a business in the Body Exteriors & Structures segment Gain on Business Combination (USD millions) | Item | Q1 2025 | Q1 2024 | Q1 2023 | | :------------------------ | :------ | :------ | :------ | | Gain on business combination | - | - | - | - During 2024, the Company acquired a business in the Body Exteriors & Structures segment for **$5 million**, resulting in a bargain purchase gain of **$9 million**[13](index=13&type=chunk) [Veoneer AS Transaction Costs](index=6&type=section&id=Veoneer%20AS%20Transaction%20Costs) In 2023, the company incurred transaction costs related to the acquisition of the Veoneer Active Safety Business Veoneer AS Transaction Costs (USD millions) | Item | Q1 2025 | Q1 2024 | Q1 2023 | | :------------------------- | :------ | :------ | :------ | | Veoneer AS transaction costs | - | - | - | - During 2023, the Company incurred **$23 million** of transaction costs related to the acquisition of the Veoneer Active Safety Business[14](index=14&type=chunk) [Operations in Russia](index=6&type=section&id=Operations%20in%20Russia) In 2023, Magna completed the sale of its Russian investments, resulting in a final loss and net cash outflow Operations in Russia (USD millions) | Item | Q1 2025 | Q1 2024 | Q1 2023 | | :------------------- | :------ | :------ | :------ | | Operations in Russia | - | - | - | - During 2023, the Company completed the sale of all of its investments in Russia resulting in a final loss of **$16 million** including a net cash outflow of **$23 million**[15](index=15&type=chunk) [Note 2: Non-GAAP Measures](index=7&type=section&id=Note%202%3A%20Non-GAAP%20Measures) This note defines and reconciles non-GAAP financial measures, including Adjusted EBIT, Net Income, EPS, and ROIC, for clearer operating performance insight - Non-GAAP measures like Adjusted EBIT, Adjusted Net Income, Adjusted Diluted Earnings per Share, and Adjusted Return on Invested Capital are presented to evaluate operating performance, as they are widely used by analysts and investors, despite not having standardized meaning under U.S. GAAP[17](index=17&type=chunk) [Adjusted EBIT Reconciliation](index=7&type=section&id=Adjusted%20EBIT%20Reconciliation) The reconciliation shows how Income from operations before income taxes is adjusted to arrive at Adjusted EBIT by excluding amortization of acquired intangible assets, other expense (income), net, and interest expense, net Adjusted EBIT Reconciliation (USD millions) | Metric | Q1 2025 | Q1 2024 | Q1 2023 | | :---------------------------------------- | :------ | :------ | :------ | | Income from operations before income taxes| 225 | 34 | 275 | | Exclude: Amortization of acquired intangible assets | 26 | 28 | 12 | | Exclude: Other expense (income), net | 53 | 356 | 142 | | Exclude: Interest expense, net | 50 | 51 | 20 | | **Adjusted EBIT** | **354** | **469** | **449** | - Adjusted EBIT decreased by **24.5%** from **$469 million** in Q1 2024 to **$354 million** in Q1 2025. The significant decrease in 'Other expense (income), net' from **$356 million** in Q1 2024 to **$53 million** in Q1 2025 had a substantial impact on the reconciliation[18](index=18&type=chunk) [Adjusted Return on Invested Capital](index=7&type=section&id=Adjusted%20Return%20on%20Invested%20Capital) Adjusted Return on Invested Capital (ROIC) declined in Q1 2025 compared to Q1 2024, reflecting lower adjusted after-tax operating profits relative to average invested capital Adjusted Return on Invested Capital | Metric | Q1 2025 | Q1 2024 | Q1 2023 | | :----------------------------------- | :------ | :------ | :------ | | Adjusted After-tax operating profits | 263 | 368 | 353 | | Average Invested Capital | 18,579 | 18,871 | 16,318 | | **Adjusted Return on Invested Capital** | **5.7%**| **7.8%**| **8.7%**| - Adjusted Return on Invested Capital decreased from **7.8%** in Q1 2024 to **5.7%** in Q1 2025. Adjusted After-tax operating profits decreased by **28.5%** from **$368 million** in Q1 2024 to **$263 million** in Q1 2025[19](index=19&type=chunk) [Adjusted Net Income and EPS Reconciliation](index=8&type=section&id=Adjusted%20Net%20Income%20and%20EPS%20Reconciliation) Reconciliations show the adjustments made to reported net income and diluted EPS to arrive at their adjusted non-GAAP counterparts, primarily by excluding non-recurring items like restructuring, investment revaluations, and Fisker-related impacts Adjusted Net Income Attributable to Magna International Inc. (USD millions) | Metric | Q1 2025 | Q1 2024 | Q1 2023 | | :------------------------------------------- | :------ | :------ | :------ | | Net income attributable to Magna International Inc. | 146 | 9 | 209 | | Exclude: Amortization of acquired intangible assets | 21 | 22 | 10 | | Exclude: Restructuring activities | 44 | 32 | 92 | | Exclude: Impacts related to Fisker Inc. | - | 247 | 16 | | **Adjusted net income attributable to Magna International Inc.** | **219** | **311** | **329** | Adjusted Diluted Earnings per Common Share | Metric | Q1 2025 | Q1 2024 | Q1 2023 | | :------------------------------------------- | :------ | :------ | :------ | | Diluted earnings per common share | $0.52 | $0.03 | $0.73 | | Exclude: Amortization of acquired intangible assets | 0.08 | 0.08 | 0.04 | | Exclude: Restructuring activities | 0.15 | 0.11 | 0.31 | | Exclude: Impacts related to Fisker Inc. | - | 0.86 | 0.06 | | **Adjusted diluted earnings per common share** | **$0.78**| **$1.08**| **$1.15**| - Adjusted net income attributable to Magna International Inc. decreased by **29.6%** from **$311 million** in Q1 2024 to **$219 million** in Q1 2025. Adjusted diluted earnings per common share decreased by **27.8%** from **$1.08** in Q1 2024 to **$0.78** in Q1 2025[20](index=20&type=chunk) [Adjustments to Deferred Tax Valuation Allowance](index=8&type=section&id=Adjustments%20to%20Deferred%20Tax%20Valuation%20Allowance) The company records quarterly adjustments to the valuation allowance against its deferred tax assets and liabilities across various continents, impacting income tax expense Adjustments to Deferred Tax Valuation Allowance (USD millions) | Metric | Q1 2025 | Q1 2024 | Q1 2023 | | :------------------------------------------- | :------ | :------ | :------ | | Adjustments to Deferred Tax Valuation Allowance | - | - | - | - The net effect of these adjustments was an increase to income tax expense in Q4 2024 (**$51 million**) and a reduction in Q4 2023 (**$-47 million**)[20](index=20&type=chunk)[21](index=21&type=chunk) [Note 3: Segmented Information](index=8&type=section&id=Note%203%3A%20Segmented%20Information) This note breaks down sales and Adjusted EBIT for Magna's operating segments, providing insights into their individual performance and profitability Total Sales and Adjusted EBIT by Segment (USD millions) | Segment | Q1 2025 Sales | Q1 2024 Sales | Q1 2025 Adj. EBIT | Q1 2024 Adj. EBIT | | :-------------------------- | :------------ | :------------ | :---------------- | :---------------- | | Body Exteriors & Structures | 3,966 | 4,429 | 230 | 298 | | Power & Vision | 3,646 | 3,842 | 124 | 98 | | Seating Systems | 1,312 | 1,455 | (30) | 52 | | Complete Vehicles | 1,276 | 1,383 | 44 | 27 | | Corporate and other | (131) | (139) | (14) | (6) | | **Total** | **10,069** | **10,970** | **354** | **469** | - Total sales decreased by **8.2%** QoQ, while total Adjusted EBIT decreased by **24.5%** QoQ. Seating Systems experienced a significant decline, moving from a positive Adjusted EBIT of **$52 million** in Q1 2024 to a loss of **$30 million** in Q1 2025[22](index=22&type=chunk) [Body Exteriors & Structures Segment](index=8&type=section&id=Body%20Exteriors%20%26%20Structures%20Segment) The Body Exteriors & Structures segment experienced a decrease in sales and Adjusted EBIT in Q1 2025, leading to a lower Adjusted EBIT margin Body Exteriors & Structures Performance (USD millions) | Metric | Q1 2025 | Q1 2024 | Q1 2023 | | :---------------------- | :------ | :------ | :------ | | Sales | 3,966 | 4,429 | 4,439 | | Adjusted EBIT | 230 | 298 | 272 | | Adjusted EBIT as a percentage of sales | 5.8% | 6.7% | 6.1% | - Sales for Body Exteriors & Structures decreased by **10.4%** from **$4,429 million** in Q1 2024 to **$3,966 million** in Q1 2025. Adjusted EBIT decreased by **22.8%** from **$298 million** in Q1 2024 to **$230 million** in Q1 2025, with the margin declining from **6.7%** to **5.8%**[22](index=22&type=chunk) [Power & Vision Segment](index=8&type=section&id=Power%20%26%20Vision%20Segment) The Power & Vision segment saw a slight decrease in sales but an increase in Adjusted EBIT in Q1 2025, resulting in an improved Adjusted EBIT margin Power & Vision Performance (USD millions) | Metric | Q1 2025 | Q1 2024 | Q1 2023 | | :---------------------- | :------ | :------ | :------ | | Sales | 3,646 | 3,842 | 3,323 | | Adjusted EBIT | 124 | 98 | 92 | | Adjusted EBIT as a percentage of sales | 3.4% | 2.6% | 2.8% | - Sales for Power & Vision decreased by **5.1%** from **$3,842 million** in Q1 2024 to **$3,646 million** in Q1 2025. Adjusted EBIT increased by **26.5%** from **$98 million** in Q1 2024 to **$124 million** in Q1 2025, improving the margin from **2.6%** to **3.4%**[22](index=22&type=chunk) [Seating Systems Segment](index=8&type=section&id=Seating%20Systems%20Segment) The Seating Systems segment experienced a decline in sales and a significant drop into negative Adjusted EBIT in Q1 2025, indicating profitability challenges Seating Systems Performance (USD millions) | Metric | Q1 2025 | Q1 2024 | Q1 2023 | | :---------------------- | :------ | :------ | :------ | | Sales | 1,312 | 1,455 | 1,486 | | Adjusted EBIT | (30) | 52 | 37 | | Adjusted EBIT as a percentage of sales | -2.3% | 3.6% | 2.5% | - Sales for Seating Systems decreased by **9.8%** from **$1,455 million** in Q1 2024 to **$1,312 million** in Q1 2025. Adjusted EBIT declined sharply from **$52 million** in Q1 2024 to a loss of **$30 million** in Q1 2025, resulting in a negative margin of **-2.3%**[22](index=22&type=chunk) [Complete Vehicles Segment](index=8&type=section&id=Complete%20Vehicles%20Segment) The Complete Vehicles segment saw a decrease in sales but an increase in Adjusted EBIT in Q1 2025, leading to an improved Adjusted EBIT margin Complete Vehicles Performance (USD millions) | Metric | Q1 2025 | Q1 2024 | Q1 2023 | | :---------------------- | :------ | :------ | :------ | | Sales | 1,276 | 1,383 | 1,626 | | Adjusted EBIT | 44 | 27 | 52 | | Adjusted EBIT as a percentage of sales | 3.4% | 2.0% | 3.2% | - Sales for Complete Vehicles decreased by **7.7%** from **$1,383 million** in Q1 2024 to **$1,276 million** in Q1 2025. Adjusted EBIT increased by **63.0%** from **$27 million** in Q1 2024 to **$44 million** in Q1 2025, improving the margin from **2.0%** to **3.4%**[22](index=22&type=chunk) [Corporate and Other Segment](index=8&type=section&id=Corporate%20and%20Other%20Segment) The Corporate and Other segment reported a higher Adjusted EBIT loss in Q1 2025 compared to Q1 2024 Corporate and Other Performance (USD millions) | Metric | Q1 2025 | Q1 2024 | Q1 2023 | | :---------------------- | :------ | :------ | :------ | | Intercompany eliminations | (131) | (139) | (201) | | Adjusted EBIT | (14) | (6) | (4) | - Adjusted EBIT for Corporate and Other worsened from a loss of **$6 million** in Q1 2024 to a loss of **$14 million** in Q1 2025[22](index=22&type=chunk)