Magna(US:MGA) Benzingaยท2025-10-31 15:46Core Insights - Magna International, Inc. reported third-quarter adjusted earnings per share of $1.33, exceeding the analyst consensus estimate of $1.22 [2] - Quarterly sales reached $10.462 billion, surpassing the expected $10.138 billion [2] - The company raised its 2025 sales outlook to a range of $41.1 billion to $42.1 billion, up from the previous guidance of $40.4 billion to $42 billion [6] Financial Performance - Sales increased by 2%, driven by a 3% rise in global light vehicle production [3] - Income from operations before taxes decreased by 32% to $473 million, impacted by last year's deferred revenue from Fisker [3] - Adjusted EBIT rose by 3% to $613 million, with an adjusted EBIT margin improvement of 10 basis points [3] Cash Flow and Investments - Operating cash flow was reported at $787 million before working-capital changes, with an additional $125 million from operating assets and liabilities [4] - Capital expenditures amounted to $267 million, alongside a $100 million increase in investments and intangibles [4] Dividend Declaration - The company declared a fourth-quarter dividend of nearly 49 cents per common share, payable on November 28 to shareholders of record as of November 14 [5] Market Reaction - Magna shares experienced a 4.08% increase, trading at $46.47 at the time of publication [7]